E-House China Holdings (E-House China Holdings) Accounts Receivable : $462 Mil (As of Dec. 2015)

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What is E-House China Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. E-House China Holdings's accounts receivables for the quarter that ended in Dec. 2015 was $462 Mil.

Accounts receivable can be measured by Days Sales Outstanding. E-House China Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2015 was 129.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. E-House China Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was $-0.44.

E-House China Holdings Accounts Receivable Historical Data

The historical data trend for E-House China Holdings's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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E-House China Holdings Accounts Receivable Chart

E-House China Holdings Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Accounts Receivable

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244.08

304.60

357.44

415.15

462.31

E-House China Holdings Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Accounts Receivable	Get a 7-Day Free Trial															415.15	409.00	446.52	447.40	462.31

E-House China Holdings Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

E-House China Holdings Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

E-House China Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	462.31	/	325.283	*	91
=	129.69

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), E-House China Holdings's accounts receivable are only considered to be worth 75% of book value:

E-House China Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(465.184	+	0.75 * 462.31	+	0.5 * 0	-	717.939
-	0	-	158.861)	/	148.823
=	-0.44

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

E-House China Holdings Accounts Receivable Related Terms

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E-House China Holdings (E-House China Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » E-House China Holdings Ltd (NYSE:EJ) » Definitions » Accounts Receivable

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Address

Website

http://www.ehousechina.com

E-House China Holdings Ltd was incorporated on August 27, 2004 in the Cayman Islands as an exempted company with limited liability under the Companies Law of the Cayman Islands. The Company, through its subsidiaries, provides services to the real estate industry, including online services, primary sales agency, secondary brokerage, information and consulting, promotional events, real estate advertising and real estate fund management services in the People's Republic of China ("PRC"). The Company's main business has traditionally been providing primary real estate agency services to real estate developers. It provides secondary real estate brokerage services, including brokerage services for both sales and rentals. Secondary real estate brokerage services accounted for 1.5% of its total revenues in 2013. As of December 31, 2013, it had a total of 53 stores, including 27 in Shanghai, 22 in Hangzhou, 3 in Hong Kong and 1 in Macau. Its real estate information and consulting services are tailored to meet the needs of developer clients at various stages of the project development and sales process and other clients with particular requests and needs. Real estate information and consulting services accounted 10.5% of its total revenues in 2013. It provides two levels of real estate information services relying upon its CRIC system: data subscription services, in which it market and sell, on a subscription basis, the use of its CRIC system; and data integration services, which provide periodic research reports and analysis that suit the specific needs and requirements of individual clients in addition to access to the CRIC system. Its consulting services include, land acquisition consulting, where the Company is retained by real estate developers as consultant or intermediary to advise on and facilitate the transfer of land development rights; project consulting, where it offers services to developers who have obtained land development rights, including project feasibility studies, analysis of the real estate transaction history of nearby development projects, marketing and advertising consulting, and development of comprehensive plans for their development projects. The Company has advertising arrangements with many Chinese national and regional consumer media outlets, including television stations, newspapers, industry publications and internet websites. It also advertises and distributes informational brochures, posters and flyers at various real estate conferences, exhibitions and trade shows. Its E-House Research and Training Institute frequently organizes seminars and workshops for real estate developers and other participants in the real estate industry. The Company created E-House Membership Club to attract real estate buyers. In the primary real estate agency services market, the Company's main competitors include World Union Real Estate Consultancy (China) Ltd., Hopefluent Group Holdings Limited, Centaline Group, SYSWIN Inc. a