Top Form International (HKSE:00333) Accounts Receivable : HK$153 Mil (As of Jun. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Top Form International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Top Form International's accounts receivables for the quarter that ended in Jun. 2024 was HK$153 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Top Form International's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 45.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Top Form International's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.42.

Top Form International Accounts Receivable Historical Data

The historical data trend for Top Form International'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.

Top Form International Accounts Receivable Chart

Top Form International Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

Get a 7-Day Free Trial

112.63

132.26

146.03

181.97

153.16

Top Form International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial															146.03	98.05	181.97	208.30	153.16

Top Form International Accounts Receivable Calculation

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

Top Form International 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.

Top Form International's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	153.157	/	616.417	*	91
=	45.34

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

Top Form International's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(102.263	+	0.75 * 153.157	+	0.5 * 170.384	-	407.322
-	0	-	21.41)	/	301.053
=	-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.

Top Form International Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Top Form International's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Top Form International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Top Form International Ltd (HKSE:00333) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Tseuk Luk Street, 7th Floor, Port 33, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.topform.group

Top Form International Ltd is an investment holding company. The company designs, manufacture, and distributes ladies intimate apparel, principally brassieres. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Belgium; Hong Kong, Cambodia, Myanmar, Indonesia, Netherlands; Spain; France; Sri Lanka; Canada; People's Republic of China; Germany; Italy; Mexico; and other countries.

Executives

Webb David Michael	2101 Beneficial owner
High Union Holdings Inc.	2401 A concert party to an agreement to buy shares
Triple Gains Ventures Limited	2401 A concert party to an agreement to buy shares
Chan He Lin	2401 A concert party to an agreement to buy shares
Wong Chung Chong	2401 A concert party to an agreement to buy shares
Wong Kai Chi Kenneth	2101 Beneficial owner
Wong Kai Chung Kevin	2101 Beneficial owner
Van De Velde Herman	2201 Interest of corporation controlled by you
Van De Velde N.v.	2101 Beneficial owner
Van De Velde Holding N.v.	2201 Interest of corporation controlled by you
Triple United Investments Limited
Union World Holdings Limited

Top Form International Headlines

No Headlines