Raymond Industrial (HKSE:00229) Accounts Receivable : HK$223 Mil (As of Dec. 2023)

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What is Raymond Industrial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Raymond Industrial's accounts receivables for the quarter that ended in Dec. 2023 was HK$223 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Raymond Industrial's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 57.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Raymond Industrial's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.78.

Raymond Industrial Accounts Receivable Historical Data

The historical data trend for Raymond Industrial'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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Raymond Industrial Accounts Receivable Chart

Raymond Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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257.33

294.93

301.22

159.40

223.22

Raymond Industrial 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															301.22	209.85	159.40	214.93	223.22

Raymond Industrial Accounts Receivable Calculation

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

Raymond Industrial 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.

Raymond Industrial's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	223.215	/	713.816	*	91
=	57.07

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

Raymond Industrial'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)
=	(367.415	+	0.75 * 223.215	+	0.5 * 144.473	-	217.509
-	0	-	0)	/	501.325
=	0.78

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.

Raymond Industrial Accounts Receivable Related Terms

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Raymond Industrial (HKSE:00229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Raymond Industrial Ltd (HKSE:00229) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 On Ping Street, Rooms 1801-1813, 18th Floor, Grandtech Centre, Shatin, New Territories, Hong Kong, HKG

Website

https://www.raymondfinance.com/html/about.html

Raymond Industrial Ltd is engaged in the manufacture and sale of electrical home appliances. The company's geographical segment includes Japan, the United States, and the People's Republic of China (PRC), Europe, Asia (excluding Japan and the PRC) and Rest of the world. The PRC segment is involved in the manufacture of electrical household appliances. The Rest of the world segment covers sales of electrical home appliances to customers in Australia, Canada, South America and Africa. Its product categories comprise Environmental products, Battery, Health and personal care, Kitchen products and other small and medium-sized electrical household appliances.

Executives

Wong Ying Man John	2101 Beneficial owner
Webb David Michael	2101 Beneficial owner
Diamond-harvest Limited	2101 Beneficial owner
Wong Kin Lae Wilson	2201 Interest of corporation controlled by you
Zhong Guo Bing Qi Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Bing Qi Zhuang Bei Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Bei Fang Gong Ye You Xian Gong Si	2201 Interest of corporation controlled by you
An Li Shi Ye You Xian Gong Si	2101 Beneficial owner
Sun Kwing Hai Amelia	2202 Interest of your spouse

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