Lippo China Resources (HKSE:00156) Accounts Receivable : HK$161.5 Mil (As of Dec. 2023)

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What is Lippo China Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lippo China Resources's accounts receivables for the quarter that ended in Dec. 2023 was HK$161.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lippo China Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 75.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lippo China Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.81.

Lippo China Resources Accounts Receivable Historical Data

The historical data trend for Lippo China Resources'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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Lippo China Resources Accounts Receivable Chart

Lippo China Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Accounts Receivable

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328.09

263.25

120.88

111.04

161.50

Lippo China Resources Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															120.88	104.03	111.04	173.26	161.50

Lippo China Resources Accounts Receivable Calculation

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

Lippo China Resources 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.

Lippo China Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	161.495	/	389.086	*	91
=	75.75

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

Lippo China Resources'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)
=	(605.571	+	0.75 * 161.495	+	0.5 * 23.962	-	1151.807
-	0	-	328.762)	/	918.691
=	-0.81

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.

Lippo China Resources Accounts Receivable Related Terms

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Lippo China Resources (HKSE:00156) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Lippo China Resources Ltd (HKSE:00156) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, 40th Floor, Tower Two, Lippo Centre, Hong Kong, HKG

Website

https://www.lcr.com.hk

Lippo China Resources Ltd is a Hong Kong-based investment holding company. The company along with its subsidiaries is principally engaged in the below segments: Property development, Food businesses, Healthcare services, Securities investment, Treasury investment, and Others. It derives a majority of the revenue from the Food business activity which includes the distribution of consumer food and non-food products, food manufacturing and retailing, the management of restaurants, and food court operations. The company operates in Hong Kong, Mainland China, the Republic of Singapore, the USA, Malaysia, and other countries, of which key revenue is generated from the Republic of Singapore.

Executives

Tai Tak Fung	2201 Interest of corporation controlled by you
Wu Mei Yung	2202 Interest of your spouse
Ever Media Limited	2101 Beneficial owner
Four Seas Enterprises (bvi) Limited	2201 Interest of corporation controlled by you
Four Seas Mercantile Holdings Limited	2201 Interest of corporation controlled by you
Hambali Aileen
Lippo Capital Group Limited
Lippo Capital Holdings Company Limited
Lippo Capital Limited
Lippo Limited
Pt Trijaya Utama Mandiri
Riady James Tjahaja
Skyscraper Realty Limited
Leonardi Shincee
Riady Stephen

Lippo China Resources (HKSE:00156) Headlines

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