Domaine Power Holdings (HKSE:00442) Accounts Receivable : HK$11.6 Mil (As of Sep. 2023)

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What is Domaine Power Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Domaine Power Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$11.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Domaine Power Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 16.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Domaine Power Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.28.

Domaine Power Holdings Accounts Receivable Historical Data

The historical data trend for Domaine Power 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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Domaine Power Holdings Accounts Receivable Chart

Domaine Power Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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51.57

78.91

51.14

0.61

Domaine Power 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															35.53	-	-	0.61	11.64

Domaine Power Holdings Accounts Receivable Calculation

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

Domaine Power 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.

Domaine Power 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
=	11.644	/	130.444	*	91
=	16.29

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

Domaine Power 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)
=	(43.661	+	0.75 * 11.644	+	0.5 * 12.329	-	7.992
-	0	-	2.041)	/	172.6
=	0.28

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.

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Domaine Power Holdings (HKSE:00442) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Domaine Power Holdings Ltd (HKSE:00442) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 213 Queen’s Road East, Unit 2203A, 22 floor, Wu Chung House, Wan Chai, Hong Kong, HKG

Website

https://www.domainepower.com

Domaine Power Holdings Ltd is engaged in the manufacture and sale of jewelry products the trading of precious metals and raw jewellery materials. It is engaged in designing, manufacturing, and exporting fine jewelry to jewelry wholesalers and retailers mainly in America, European countries, China, and the Middle East. It offers a wide range of fine jewelry products in karat gold, including bracelets, bangles, brooches, earrings, pendants, rings, necklaces, cufflinks, and anklets. It generates the majority of its revenue from Hong Kong.

Executives

Perfect Gain Group Limited	2101 Beneficial owner
Cheng Miu Bing Christina	2202 Interest of your spouse
So Shu Fai	2201 Interest of corporation controlled by you
River Honor Limited	2201 Interest of corporation controlled by you
Nian Yong An	2201 Interest of corporation controlled by you
Ci Hang Dong Xi Fang Wen Jiao Jiao Liu Ji Jin Hui You Xian Gong Si	2201 Interest of corporation controlled by you

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