Hing Yip Holdings (HKSE:00132) Accounts Receivable : HK$87.0 Mil (As of Dec. 2023)

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What is Hing Yip Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hing Yip Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$87.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hing Yip Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 39.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hing Yip Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-4.74.

Hing Yip Holdings Accounts Receivable Historical Data

The historical data trend for Hing Yip 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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Hing Yip Holdings Accounts Receivable Chart

Hing Yip Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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10.98

66.59

46.83

79.10

87.00

Hing Yip Holdings 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															46.83	62.69	79.10	83.21	87.00

Hing Yip Holdings Accounts Receivable Calculation

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

Hing Yip 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.

Hing Yip Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	86.996	/	407.147	*	91
=	39.00

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

Hing Yip Holdings'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)
=	(592.181	+	0.75 * 86.996	+	0.5 * 6.339	-	7636.412
-	0	-	1139.265)	/	1712.33
=	-4.74

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.

Hing Yip Holdings Accounts Receivable Related Terms

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Hing Yip Holdings (HKSE:00132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hing Yip Holdings Ltd (HKSE:00132) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

62 Mody Road, Unit 501, Wing On Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://chinainvestments.tonghaiir.com

China Investments Holdings Ltd is an investment holding company. Its operating segment includes the Financial leasing business, Wellness elderly care business, Big data business, Property and industrial park investment business, and hotel business. It generates maximum revenue from the Financial leasing segment. The Financial leasing segment is engaged in the provision of finance lease consulting services and financing services in China. Its Property investments segment is engaged in holding investment properties, properties held for sale, and investment in the development and construction of the industrial park. Geographically, it derives a majority of its revenue from China.

Executives

Prize Rich Inc.	2201 Interest of corporation controlled by you
Guo Xing Zhong Ye Xiang Gang You Xian Gong Si	2101 Beneficial owner
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

Hing Yip Holdings (HKSE:00132) Headlines

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