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Oriental Watch Holdings (HKSE:00398) Accounts Receivable : HK$256 Mil (As of Sep. 2023)


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What is Oriental Watch Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Oriental Watch Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$256 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Oriental Watch Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 25.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Oriental Watch Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$1.68.


Oriental Watch Holdings Accounts Receivable Historical Data

The historical data trend for Oriental Watch 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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Oriental Watch Holdings Accounts Receivable Chart

Oriental Watch Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 86.05 80.88 260.53 179.62 262.51

Oriental Watch Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 199.09 179.62 189.50 262.51 255.80

Oriental Watch Holdings Accounts Receivable Calculation

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


Oriental Watch 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.

Oriental Watch Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=255.797/1848.126*91
=25.26

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

Oriental Watch Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(1189.037+0.75 * 255.797+0.5 * 404.189-764.668
-0-1.789)/487.358
=1.68

* 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.


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.


Oriental Watch Holdings Accounts Receivable Related Terms

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Oriental Watch Holdings (HKSE:00398) Business Description

Traded in Other Exchanges
N/A
Address
111 Connaught Road Central, Wing On Centre, 19th Floor, Hong Kong, HKG
Oriental Watch Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the sales of watches. It operates in Hong Kong, the PRC, Macau, and Taiwan, of which a majority of revenue is generated from the PRC. The group sells its products through retail stores under the brand name Rolex, Tudor, Piaget, Vacheron Constantin, Audemars Piguet, IWC, Jaeger-LeCoultre, Girard Perregaux, Longines, and Omega, among others.

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