Superactive Group Co (HKSE:00176) Accounts Receivable : HK$15.38 Mil (As of Dec. 2023)

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What is Superactive Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Superactive Group Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$15.38 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Superactive Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 78.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Superactive Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.42.

Superactive Group Co Accounts Receivable Historical Data

The historical data trend for Superactive Group 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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Superactive Group Co Accounts Receivable Chart

Superactive Group Co Annual Data

Trend

Sep13

Sep14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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22.54

29.74

42.76

17.54

15.38

Superactive Group Co Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															42.76	30.22	17.54	15.26	15.38

Superactive Group Co Accounts Receivable Calculation

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

Superactive Group 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.

Superactive Group 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
=	15.384	/	35.814	*	91
=	78.39

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

Superactive Group 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)
=	(5.809	+	0.75 * 15.384	+	0.5 * 18.854	-	865.087
-	0	-	8.923)	/	2032.57
=	-0.42

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.

Superactive Group Co Accounts Receivable Related Terms

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Superactive Group Co (HKSE:00176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Superactive Group Co Ltd (HKSE:00176) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Room 1510, 15th Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

http://www.superactive.com.hk

Superactive Group Co Ltd is an investment holding company. Along with the subsidiaries, the company is involved in the design and distribution of consumer electronic products, provision of nursery education service/properties management, and money lending. The operating segments of the group are the Manufacture of Electronics products; Provision of Nursery Education services; Money Lending business; Property Development and Management business; and Regulated Financial Services business. It derives the majority of its revenue from the manufacturing and sale of electronics products segment. Geographically the company exports its products to Mainland China, the United States of America, the United Kingdom, The People's Republic of China, Hong Kong, Europe, and Others.

Executives

Lee Kelly	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Super Fame Holdings Limited	2101 Beneficial owner
Lee Chi Shing Caesar	2201 Interest of corporation controlled by you
Yeung So Lai	2201 Interest of corporation controlled by you

Superactive Group Co (HKSE:00176) Headlines

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