Herald Holdings (HKSE:00114) Accounts Receivable : HK$142.1 Mil (As of Sep. 2023)

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What is Herald Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Herald Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$142.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Herald Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 63.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Herald Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.35.

Herald Holdings Accounts Receivable Historical Data

The historical data trend for Herald 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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Herald Holdings Accounts Receivable Chart

Herald Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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93.65

93.93

116.74

120.32

123.43

Herald 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															164.59	120.32	249.16	123.43	142.05

Herald Holdings Accounts Receivable Calculation

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

Herald 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.

Herald 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
=	142.05	/	406.783	*	91
=	63.73

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

Herald 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)
=	(304.508	+	0.75 * 142.05	+	0.5 * 134.666	-	256.309
-	0	-	12.492)	/	604.491
=	0.35

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.

Herald Holdings Accounts Receivable Related Terms

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Herald Holdings (HKSE:00114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Herald Holdings Ltd (HKSE:00114) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Lippo Centre, Room 3110, 31 Floor, Tower Two, Hong Kong, HKG

Website

http://www.heraldgroup.com.hk

Herald Holdings Ltd is an investment holding company. It operates in the segments of Toys, Computer Products, Timepieces, Investments, and Others. The group derives majority revenue from the Toys segment which involves the manufacturing of wide range of toys including action figures, electronic radio-controlled toy cars and boats, electronic games, and pre-school toys. The company along with its subsidiaries is also engaged in the manufacture, sale, and distribution of computer products, housewares, clocks, watches, and electronic and gift products. The company has the majority of its customers based in Hong Kong, North America, the United Kingdom, Europe, Asia, Mainland China, and Others. It generates the highest revenue from the North America region.

Executives

Dorfman Robert	2101 Beneficial owner
Dorfman Tillman Sheri	2202 Interest of your spouse
Dingler Trina Elaine	2202 Interest of your spouse
Cheung Tsang Kay Stan	2307 Founder of a discretionary trust who can infl
Ng Yiu Chi Eleanor	2202 Interest of your spouse
Hsbc International Trustee Limited	2301 Trustee
Moral Excel Holdings Limited	2201 Interest of corporation controlled by you

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