WH Group (HKSE:00288) Accounts Receivable : HK$6,887 Mil (As of Dec. 2024)

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What is WH Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. WH Group's accounts receivables for the quarter that ended in Dec. 2024 was HK$6,887 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WH Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 11.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WH Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-2.38.

WH Group Accounts Receivable Historical Data

The historical data trend for WH 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.

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WH Group Accounts Receivable Chart

WH Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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7,030.97

8,235.74

8,400.45

6,802.34

6,887.23

WH Group Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24	Mar25
Accounts Receivable	Get a 7-Day Free Trial															6,802.34	6,966.52	-	6,887.23	-

WH Group Accounts Receivable Calculation

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

WH 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.

WH Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6887.232	/	54996.805	*	91
=	11.43

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

WH Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 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)
=	(19775.53	+	0.75 * 6887.232	+	0.5 * 31738.792	-	65918.432
-	0	-	5441.38)	/	12830.220
=	-2.38

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.

WH Group Accounts Receivable Related Terms

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WH Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » WH Group Ltd (HKSE:00288) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

WHGRF:USA WHGLY:USA 0WHS:Germany 0WH:Germany 0WH:Germany

Address

1 Austin Road West, Unit 7602B-7604A, Level 76, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.wh-group.com

WH Group is a holding company and the world's largest vertically integrated producer of pork and related packaged meat products. Its revenue is mainly derived from activities undertaken by its China and US operations, which are respectively via 70.3%-owned Henan Shuanghui Investment & Development Company and wholly owned Smithfield Foods Inc. In the US, its key packaged meats brands, in which it has a 6% market share, include Nathan's hot dogs, Armour, John Morrell, and Curly's, while in China, products are mainly under the Shuanghui brand, where it also has a 32% market share. We expect the company's operating profit to be split almost equally between the US and China in the future with a small contribution from Europe.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Ma Xiangjie	2305 Beneficiary of a trust
Cantrust (far East) Limited	2301 Trustee
Wlt Management Limited	2201 Interest of corporation controlled by you
Wan Long	2307 Founder of a discretionary trust who can infl
Wang Meixiang	2202 Interest of your spouse
Xing Tong You Xian Gong Si	2501 Other
Liu Songtao	2301 Trustee
Guo Lijun	2307 Founder of a discretionary trust who can infl
Mondrian Investment Partners Limited	2102 Investment manager
Zhang Liwen	2301 Trustee
Xiong Yu Tou Zi You Xian Gong Si	2101 Beneficial owner
Xing Tai Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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