HAO (Haoxi Health Technology) Accounts Receivable : $0.73 Mil (As of Dec. 2024)

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What is Haoxi Health Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Haoxi Health Technology's accounts receivables for the quarter that ended in Dec. 2024 was $0.73 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Haoxi Health Technology's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 5.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Haoxi Health Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $2.18.

Haoxi Health Technology Accounts Receivable Historical Data

The historical data trend for Haoxi Health Technology'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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Haoxi Health Technology Accounts Receivable Chart

Haoxi Health Technology Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

0.67

0.01

0.23

Haoxi Health Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			-	0.01	0.22	0.23	0.73

Haoxi Health Technology Accounts Receivable Calculation

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

Haoxi Health Technology 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.

Haoxi Health Technology's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.734	/	23.955	*	91
=	5.59

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

Haoxi Health Technology's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 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)
=	(9.096	+	0.75 * 0.734	+	0.5 * 0	-	3.324
-	0	-	0)	/	2.896
=	2.18

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.

Haoxi Health Technology Accounts Receivable Related Terms

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Haoxi Health Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Haoxi Health Technology Ltd (NAS:HAO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 801, Tower C, Floor 8, Building 103, Building 103, Huizhongli, Chaoyang, Beijing, CHN

Website

https://www.haoximedia.com

Haoxi Health Technology Ltd is an online marketing solution provider in China, with an advertiser client base mainly in the healthcare industry. Haoxi has been rooted in the field of local online effect marketing for many years, serving customers in various industries at home and abroad, and its main business is the medical industry. It generates its revenue by providing one-stop online marketing solutions, in particular online short video marketing solutions, to advertisers through its media partners. The company provides customized marketing solutions by planning, producing, placing, and optimizing online ads, especially online short video ads, to help its advertisers acquire, convert, and retain ultimate consumers on various online media platforms.