Harbour Centre Development (HKSE:00051) Accounts Receivable : HK$35 Mil (As of Dec. 2023)

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What is Harbour Centre Development Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Harbour Centre Development's accounts receivables for the quarter that ended in Dec. 2023 was HK$35 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Harbour Centre Development's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 7.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Harbour Centre Development's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.25.

Harbour Centre Development Accounts Receivable Historical Data

The historical data trend for Harbour Centre Development'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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Harbour Centre Development Accounts Receivable Chart

Harbour Centre Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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37.00

17.00

29.00

20.00

35.00

Harbour Centre Development 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															29.00	60.00	20.00	20.00	35.00

Harbour Centre Development Accounts Receivable Calculation

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

Harbour Centre Development 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.

Harbour Centre Development's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	35	/	906	*	91
=	7.05

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

Harbour Centre Development'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)
=	(381	+	0.75 * 35	+	0.5 * 1127	-	2458
-	0	-	109)	/	708.75
=	-2.25

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.

Harbour Centre Development Accounts Receivable Related Terms

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Harbour Centre Development (HKSE:00051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Harbour Centre Development Ltd (HKSE:00051) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG

Website

http://www.harbourcentre.com.hk

Harbour Centre Development Ltd has engaged in the acquisition, development, design, construction, sales, and marketing of properties in China. The operating business segments are investments, development property, investment property, and hotels. The Development property segment do activities relating to the acquisition, development, design, construction, sales, and marketing of properties in Mainland China. The Investment property segment represents the property leasing of the company's investment properties in Hong Kong. The Hotel segment represents the operations of Marco Polo Hongkong Hotel and Marco Polo Changzhou. It also includes The Murray, which is under construction. Its maximum revenue is driven by the Development property segment and from the Mainland China region.

Executives

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