Huayi Tencent Entertainment Co (HKSE:00419) Accounts Receivable : HK$96 Mil (As of Dec. 2023)

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What is Huayi Tencent Entertainment Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Huayi Tencent Entertainment Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$96 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Huayi Tencent Entertainment Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 26.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Huayi Tencent Entertainment Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.01.

Huayi Tencent Entertainment Co Accounts Receivable Historical Data

The historical data trend for Huayi Tencent Entertainment Co'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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Huayi Tencent Entertainment Co Accounts Receivable Chart

Huayi Tencent Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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63.33

95.79

96.44

Huayi Tencent Entertainment Co 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															63.33	90.31	95.79	93.58	96.44

Huayi Tencent Entertainment Co Accounts Receivable Calculation

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

Huayi Tencent Entertainment Co 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.

Huayi Tencent Entertainment Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	96.436	/	656.369	*	91
=	26.81

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

Huayi Tencent Entertainment Co'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)
=	(32.086	+	0.75 * 96.436	+	0.5 * 4.332	-	303.499
-	0	-	-67.4)	/	13585.3
=	-0.01

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.

Huayi Tencent Entertainment Co Accounts Receivable Related Terms

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Huayi Tencent Entertainment Co (HKSE:00419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Huayi Tencent Entertainment Co Ltd (HKSE:00419) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HUYTF:USA

Address

89 Queensway, Suite 908, 9th Floor, Tower Two, Lippo Centre, Hong Kong, HKG

Website

http://www.huayitencent.com

Huayi Tencent Entertainment Co Ltd is a new media company integrating culture and entertainment. The business activities of the group function through Echartnow, Meerkat Health, Entertainment & Media, and Healthcare & Wellness Services. Echartnow segment includes Online prescription, circulation, and marketing of pharmaceutical products. Meerkat Health segment includes an Internet healthcare management platform. Its geographical segments include China, Hong Kong, and Other countries.

Executives

Zhao John Huan	2201 Interest of corporation controlled by you
Exponential Fortune Group Limited	2201 Interest of corporation controlled by you
Hony Capital Group, L.p.	2201 Interest of corporation controlled by you
Hony Group Management Limited	2201 Interest of corporation controlled by you
Hony Managing Partners Limited	2201 Interest of corporation controlled by you
United Strength Ls Limited	2101 Beneficial owner
United Strength Youthful Limited	2201 Interest of corporation controlled by you
Zhao John Huan	2201 Interest of corporation controlled by you
Huayi Brothers International Limited	2101 Beneficial owner
Huayi Brothers Media Corporation	2201 Interest of corporation controlled by you
Greater Harmony Limited	2101 Beneficial owner
Ko Chun Shun, Johnson	2201 Interest of corporation controlled by you
Yuen Hoi Po	2101 Beneficial owner
Smart Concept Enterprise Limited	2101 Beneficial owner

Huayi Tencent Entertainment Co (HKSE:00419) Headlines

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