Hong Kong Ferry (Holdings) Co (HKSE:00050) Accounts Receivable : HK$57.7 Mil (As of Dec. 2023)

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What is Hong Kong Ferry (Holdings) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hong Kong Ferry (Holdings) Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$57.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hong Kong Ferry (Holdings) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 51.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hong Kong Ferry (Holdings) Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$6.88.

Hong Kong Ferry (Holdings) Co Accounts Receivable Historical Data

The historical data trend for Hong Kong Ferry (Holdings) Co'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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Hong Kong Ferry (Holdings) Co Accounts Receivable Chart

Hong Kong Ferry (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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245.44

195.34

48.40

53.78

57.67

Hong Kong Ferry (Holdings) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															48.40	61.76	53.78	56.70	57.67

Hong Kong Ferry (Holdings) Co Accounts Receivable Calculation

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

Hong Kong Ferry (Holdings) Co 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.

Hong Kong Ferry (Holdings) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	57.669	/	203.336	*	91
=	51.76

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

Hong Kong Ferry (Holdings) Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(1825.434	+	0.75 * 57.669	+	0.5 * 1802.14	-	324.631
-	0	-	-5.937)	/	356.274
=	6.88

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.

Hong Kong Ferry (Holdings) Co Accounts Receivable Related Terms

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Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Kong Ferry (Holdings) Co Ltd (HKSE:00050) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

98 Tam Kon Shan Road, TYTL 102, Ngau Kok Wan, North Tsing Yi, New Territories, Hong Kong, HKG, TYTL 102

Website

https://www.hkf.com

Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.

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