Glory Sun Land Group (HKSE:00299) Accounts Receivable : HK$1.6 Mil (As of Dec. 2024)

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What is Glory Sun Land Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Glory Sun Land Group's accounts receivables for the quarter that ended in Dec. 2024 was HK$1.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Glory Sun Land Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-49.30.

Glory Sun Land Group Accounts Receivable Historical Data

The historical data trend for Glory Sun Land 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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Glory Sun Land Group Accounts Receivable Chart

Glory Sun Land Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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112.47

76.48

21.80

12.01

1.57

Glory Sun Land Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															21.80	3.65	12.01	187.29	1.57

Glory Sun Land Group Accounts Receivable Calculation

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

Glory Sun Land 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.

Glory Sun Land 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
=	1.571	/	-69.169	*	91
=

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

Glory Sun Land 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)
=	(112.814	+	0.75 * 1.571	+	0.5 * 4109.554	-	7342.605
-	0	-	209.383)	/	109.202
=	-49.30

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.

Glory Sun Land Group Accounts Receivable Related Terms

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Glory Sun Land Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Glory Sun Land Group Ltd (HKSE:00299) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower Two, Lippo Centre, Unit 1305, 13th Floor, No. 89 Queensway, Admiralty, Hong Kong, HKG

Website

http://www.hk0299.com

Glory Sun Land Group Ltd is engaged in the trading of commodities in the People's Republic of China. The company's business segments are The real estate and property investment segment includes property development and property investment, the Trading of commodities segment includes the trading of commodities, the Construction segment includes the provision of construction works, Others segment includes the operation of a golf practicing court, operation of children's playrooms, operation of fitness rooms, operation of a karaoke box, and trading of home appliances and building materials.

Executives

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Wang Jian	2201 Interest of corporation controlled by you
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Qian Hai Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Tinmark Development Limited	2201 Interest of corporation controlled by you
Yao Jianhui	2101 Beneficial owner
Bao Xin International Group Limited	2201 Interest of corporation controlled by you
Hongkun Limited	2101 Beneficial owner
Lin Xiaokun	2101 Beneficial owner
China Goldjoy Securities Limited

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