Renaissance Asia Silk Road Group (HKSE:00274) Accounts Receivable : HK$20.0 Mil (As of Jun. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Renaissance Asia Silk Road Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Renaissance Asia Silk Road Group's accounts receivables for the quarter that ended in Jun. 2023 was HK$20.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Renaissance Asia Silk Road Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 44.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Renaissance Asia Silk Road Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-0.24.

Renaissance Asia Silk Road Group Accounts Receivable Historical Data

The historical data trend for Renaissance Asia Silk Road Group'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.

* Premium members only.

Renaissance Asia Silk Road Group Accounts Receivable Chart

Renaissance Asia Silk Road Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

27.63

7.63

10.42

8.47

13.69

Renaissance Asia Silk Road Group 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															10.42	12.29	8.47	20.02	13.69

Renaissance Asia Silk Road Group Accounts Receivable Calculation

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

Renaissance Asia Silk Road Group 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.

Renaissance Asia Silk Road Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.017	/	82.106	*	91
=	44.49

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

Renaissance Asia Silk Road Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(48.518	+	0.75 * 20.017	+	0.5 * 0	-	442.811
-	0	-	-303.301)	/	316.318
=	-0.24

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.

Renaissance Asia Silk Road Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Renaissance Asia Silk Road Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Renaissance Asia Silk Road Group (HKSE:00274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renaissance Asia Silk Road Group Ltd (HKSE:00274) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Room 1208, 12th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.rasr.com.hk

Renaissance Asia Silk Road Group Ltd, formerly China Billion Resources Ltd is an investment holding company. It operates through three operating segments: Mining Products, which generates the majority of revenue; Moneylending; and Trading & wholesale. The Mining Products segment engages in gold mining, exploration, and trading of gold products. The Money Lending business segment provides money lending services. The Trading & wholesale segment is engaged in the trading of coal and wholesale & trading of frozen meat. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China.

Executives

Zhang Jiaxin	2101 Beneficial owner
Reconstruction Capital Group Limited	2101 Beneficial owner
Sun Guiling	2201 Interest of corporation controlled by you
Wang Song	2201 Interest of corporation controlled by you
Excellent Shine Capital Limited	2101 Beneficial owner
Wang Huimin	2201 Interest of corporation controlled by you
Du Huiyan	2201 Interest of corporation controlled by you
China Zhongsheng Investment Limited	2101 Beneficial owner
Xu Huiqiang	2201 Interest of corporation controlled by you
Wang Yajun	2201 Interest of corporation controlled by you
Everbright Fortune Company Limited	2101 Beneficial owner
Mu Yongjie	2101 Beneficial owner
Ng Chikong	2101 Beneficial owner
Wang Juan	2101 Beneficial owner
Li Tiejian	2101 Beneficial owner

Renaissance Asia Silk Road Group (HKSE:00274) Headlines

No Headlines