Oriental Enterprise Holdings (HKSE:00018) Accounts Receivable : HK$44.4 Mil (As of Sep. 2023)

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What is Oriental Enterprise Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Oriental Enterprise Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$44.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Oriental Enterprise Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 25.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Oriental Enterprise Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.05.

Oriental Enterprise Holdings Accounts Receivable Historical Data

The historical data trend for Oriental Enterprise 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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Oriental Enterprise Holdings Accounts Receivable Chart

Oriental Enterprise Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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98.86

73.93

70.45

56.91

58.77

Oriental Enterprise Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															71.30	56.91	73.36	58.77	44.42

Oriental Enterprise Holdings Accounts Receivable Calculation

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

Oriental Enterprise 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.

Oriental Enterprise Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	44.421	/	312.085	*	91
=	25.98

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

Oriental Enterprise Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=	(253.229	+	0.75 * 44.421	+	0.5 * 77.325	-	203.87
-	0	-	12.473)	/	2397.92
=	0.05

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.

Oriental Enterprise Holdings Accounts Receivable Related Terms

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Oriental Enterprise Holdings (HKSE:00018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Oriental Enterprise Holdings Ltd (HKSE:00018) » Definitions » Accounts Receivable

Traded in Other Exchanges

OPQ:Germany

Address

23 Dai Cheong Street, Oriental Media Centre, Tai Po Industrial Estate, Hong Kong, HKG

Website

https://oeh.on.cc

Oriental Enterprise Holdings Ltd, formerly Oriental Press Group Ltd is a Hong Kong-based company engaged in the publication of newspapers including internet subscription and advertising income. The firm operates in the reportable segments of Publication of newspapers, Money lending business and Others. The Publication of newspapers segment, which acts as a major revenue earner, includes internet subscription and relevant advertising income. The revenue of other operating segments includes rental income from investment properties, license fee income from hotel property and income from restaurant operation. It has a geographic presence in Hong Kong and Australia.

Executives

Conyers Trustee Services (bvi) Limited	2301 Trustee
Marsun Holdings Limited	2201 Interest of corporation controlled by you
Ocean Greatness Limited	2201 Interest of corporation controlled by you
Ever Holdings Limited	2101 Beneficial owner
Hung Mui Fong	2202 Interest of your spouse
Ma Ching Fat	2307 Founder of a discretionary trust who can infl

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