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Yuexiu Real Estate Investment Trust (HKSE:00405) Accounts Receivable : HK$24 Mil (As of Dec. 2023)


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What is Yuexiu Real Estate Investment Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yuexiu Real Estate Investment Trust's accounts receivables for the quarter that ended in Dec. 2023 was HK$24 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yuexiu Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 3.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yuexiu Real Estate Investment Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-9.48.


Yuexiu Real Estate Investment Trust Accounts Receivable Historical Data

The historical data trend for Yuexiu Real Estate Investment Trust'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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Yuexiu Real Estate Investment Trust Accounts Receivable Chart

Yuexiu Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.68 19.04 32.02 36.49 24.31

Yuexiu Real Estate Investment Trust 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 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 32.02 37.28 36.49 62.21 24.31

Yuexiu Real Estate Investment Trust Accounts Receivable Calculation

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


Yuexiu Real Estate Investment Trust 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.

Yuexiu Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=24.314/1122.207*91
=3.95

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Yuexiu Real Estate Investment Trust's accounts receivable are only considered to be worth 75% of book value:

Yuexiu Real Estate Investment Trust'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)
=(1354.214+0.75 * 24.314+0.5 * 3.366-46637.91
-0-1320.007)/4915.74
=-9.48

* 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.


Yuexiu Real Estate Investment Trust Accounts Receivable Related Terms

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Yuexiu Real Estate Investment Trust (HKSE:00405) Business Description

Traded in Other Exchanges
Address
160 Lockhart Road, Flat B, 17th Floor, Yue Xiu Building, Wanchai, HKG
Yuexiu Real Estate Investment Trust invests in office, retail, and other commercial properties in the People's Republic of China. The company's portfolio consists of properties located in the central business district of Guangzhou and Shanghai. The types of properties include clothing markets, office buildings, retail centers, hotels, and serviced apartments. The company operates in three main segments: Hotel & Serviced apartments, Office rental, and Wholesale & shopping malls. Hotel and serviced apartments offer room rentals and food and beverages. Office rental and wholesale and shopping malls include the revenue from leasing these properties. All of its revenue comes from China.

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