Far East Consortium International (HKSE:00035) Accounts Receivable : HK$139 Mil (As of Mar. 2024)

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What is Far East Consortium International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Far East Consortium International's accounts receivables for the quarter that ended in Mar. 2024 was HK$139 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Far East Consortium International's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 6.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Far East Consortium International's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$-7.66.

Far East Consortium International Accounts Receivable Historical Data

The historical data trend for Far East Consortium International'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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Far East Consortium International Accounts Receivable Chart

Far East Consortium International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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123.46

840.60

442.11

288.80

138.94

Far East Consortium International Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															442.11	301.71	288.80	593.64	138.94

Far East Consortium International Accounts Receivable Calculation

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

Far East Consortium International 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.

Far East Consortium International's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	138.942	/	3908.679	*	91
=	6.49

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

Far East Consortium International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(3921.15	+	0.75 * 138.942	+	0.5 * 14166.398	-	32389.953
-	0	-	288.181)	/	2817.6
=	-7.66

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.

Far East Consortium International Accounts Receivable Related Terms

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Far East Consortium International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Far East Consortium International Ltd (HKSE:00035) » Definitions » Accounts Receivable

Traded in Other Exchanges

FRTCF:USA

Address

121 Des Voeux Road Central, 16th Floor, Far East Consortium Building, Hong Kong, HKG

Website

https://www.fecil.com.hk

Far East Consortium International Ltd is a regional conglomerate operating in property development, hospitality, and car parking ventures. The property development division contributes around half of the company's revenue. Its portfolio of properties spans mainland China, Hong Kong, Singapore, Malaysia, Australia, and the United Kingdom. The projects comprise a mix of residential, hotel, and resort development. The group operates a hotel business through its subsidiary, Dorsett Hospitality International. Most of the hotel revenue is generated from the Hong Kong market. The car park division represents a smaller portion of the business, which is involved in managing both third-party and self-owned car parks.

Executives

Chiu David

2201 Interest of corporation controlled by you

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