Chinney Alliance Group (HKSE:00385) Accounts Receivable : HK$719 Mil (As of Jun. 2024)

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What is Chinney Alliance Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chinney Alliance Group's accounts receivables for the quarter that ended in Jun. 2024 was HK$719 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chinney Alliance Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 38.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chinney Alliance Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-3.59.

Chinney Alliance Group Accounts Receivable Historical Data

The historical data trend for Chinney Alliance 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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Chinney Alliance Group Accounts Receivable Chart

Chinney Alliance Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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830.87

834.97

814.87

777.09

799.03

Chinney Alliance 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															814.87	602.23	777.09	718.68	799.03

Chinney Alliance Group Accounts Receivable Calculation

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

Chinney Alliance 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.

Chinney Alliance Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	718.678	/	3446.519	*	91
=	38.06

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

Chinney Alliance Group'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)
=	(1065.265	+	0.75 * 718.678	+	0.5 * 158.982	-	3630.951
-	0	-	185.796)	/	594.899
=	-3.59

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.

Chinney Alliance Group Accounts Receivable Related Terms

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Chinney Alliance Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chinney Alliance Group Ltd (HKSE:00385) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, 23rd Floor, Wing On Centre, Hong Kong, HKG

Website

https://chinneyalliancegroup.etnet.com.hk

Chinney Alliance Group Ltd is an investment holding company. The company's operating segment includes Plastic and chemical products; Building related contracting services; Building construction; Foundation piling and ground investigation; the aviation segment and others. It generates maximum revenue from the Building related contracting services segment. The Building related contracting services segment consists of the provision of contracting services for both public and private sectors, including engineering contracting services in the air-conditioning industry and the provision of maintenance services. Geographically, it derives a majority of revenue from Hong Kong.

Executives

Wong Sai Wing, James

2201 Interest of corporation controlled by you

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