Fortune Sun (China) Holdings (HKSE:00352) Accounts Receivable : HK$2.25 Mil (As of Dec. 2023)

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What is Fortune Sun (China) Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fortune Sun (China) Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$2.25 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fortune Sun (China) Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 337.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fortune Sun (China) Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.02.

Fortune Sun (China) Holdings Accounts Receivable Historical Data

The historical data trend for Fortune Sun (China) Holdings'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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Fortune Sun (China) Holdings Accounts Receivable Chart

Fortune Sun (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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12.73

18.04

21.88

9.56

2.25

Fortune Sun (China) Holdings 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															21.88	12.52	9.56	7.91	2.25

Fortune Sun (China) Holdings Accounts Receivable Calculation

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

Fortune Sun (China) Holdings 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.

Fortune Sun (China) Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.253	/	1.217	*	91
=	337.86

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

Fortune Sun (China) Holdings'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)
=	(10.402	+	0.75 * 2.253	+	0.5 * 0	-	16.128
-	0	-	0)	/	246.183
=	-0.02

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.

Fortune Sun (China) Holdings Accounts Receivable Related Terms

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Fortune Sun (China) Holdings (HKSE:00352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fortune Sun (China) Holdings Ltd (HKSE:00352) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1500 Century Avenue, Unit 901, 9th Floor, Orient Building, Pudong New District, Shanghai, CHN, 200122

Website

http://www.fortune-sun.com

Fortune Sun (China) Holdings Ltd operates as an investment holding company. The firm operates a single business segment which is the provision of property consultancy and sales agency services for the primary property market in China. It specializes in diversified business models, such as real estate leasing, management, administration, sales, development, joint-building, buyout, and underwriting. Its geographical segments are China and Cambodia, of which nearly all of its revenues come from China.

Executives

Double Energy Limited	2101 Beneficial owner
Zhu Kai	2201 Interest of corporation controlled by you
Chang Hsiu Hua	2202 Interest of your spouse
Chiang Chen Feng	2201 Interest of corporation controlled by you
Active Star Investment Limited	2101 Beneficial owner
Lin Chien Ju	2101 Beneficial owner

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