Minerva Group Holding (HKSE:00397) Accounts Receivable : HK$111.20 Mil (As of Jun. 2024)

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What is Minerva Group Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Minerva Group Holding's accounts receivables for the quarter that ended in Jun. 2024 was HK$111.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Minerva Group Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 556.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Minerva Group Holding's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.21.

Minerva Group Holding Accounts Receivable Historical Data

The historical data trend for Minerva Group Holding'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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Minerva Group Holding Accounts Receivable Chart

Minerva Group Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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15.26

163.35

108.93

144.07

124.76

Minerva Group Holding 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															108.26	144.07	138.93	124.76	111.20

Minerva Group Holding Accounts Receivable Calculation

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

Minerva Group Holding 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	111.198	/	36.451	*	91
=	556.74

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

Minerva Group Holding'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)
=	(502.96	+	0.75 * 111.198	+	0.5 * 0	-	66.596
-	0	-	0)	/	2505.283
=	0.21

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.

Minerva Group Holding Accounts Receivable Related Terms

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Minerva Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Minerva Group Holding Ltd (HKSE:00397) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Unit 1804A, 18th floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.minervagroup.hk

Minerva Group Holding Ltd is principally engaged in the financial services business. The company operates through four segments; Financial services, Money lending, Trading, and the Assets investment segment. The company generates a majority of its revenue from the Money lending segment which provides loan financing. The Financial services segment provides securities brokerage, placing, and corporate finance advisory services, the Trading segment is involved in the trading of healthcare-related products, and the Assets investment segment comprises its investments in debt securities earning fixed interest income, investments in properties earning rental income and capital gains, and other investments. The firm's revenue is derived from its operations in Hong Kong.

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