Sincere Watch (Hong Kong) (HKSE:00444) Accounts Receivable : HK$6.8 Mil (As of Sep. 2023)

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What is Sincere Watch (Hong Kong) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sincere Watch (Hong Kong)'s accounts receivables for the quarter that ended in Sep. 2023 was HK$6.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sincere Watch (Hong Kong)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 was 13.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sincere Watch (Hong Kong)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.07.

Sincere Watch (Hong Kong) Accounts Receivable Historical Data

The historical data trend for Sincere Watch (Hong Kong)'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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Sincere Watch (Hong Kong) Accounts Receivable Chart

Sincere Watch (Hong Kong) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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17.37

6.03

6.52

19.43

8.70

Sincere Watch (Hong Kong) 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															9.73	19.43	4.14	8.70	6.84

Sincere Watch (Hong Kong) Accounts Receivable Calculation

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

Sincere Watch (Hong Kong) 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.

Sincere Watch (Hong Kong)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.836	/	90.092	*	91
=	13.85

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

Sincere Watch (Hong Kong)'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)
=	(75.466	+	0.75 * 6.836	+	0.5 * 108.974	-	540.238
-	0	-	-0.622)	/	6043.95
=	-0.07

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.

Sincere Watch (Hong Kong) Accounts Receivable Related Terms

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Sincere Watch (Hong Kong) (HKSE:00444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Watch (Hong Kong) Ltd (HKSE:00444) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

20/F China Merchants Tower, Shun Tak Centre, Unit 2016–2018, 168–200 Connaught Road Central, Hong Kong, HKG

Website

http://www.sincerewatch.com.hk

Sincere Watch (Hong Kong) Ltd sells luxury third-party-branded watches, timepieces, and accessories in Asia. The majority of its sales are in Mainland China and Macau, with the remaining sales in Hong Kong. Brands that Sincere sells include Franck Muller, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss. The company sells merchandise through retail outlets operated by independent watch dealers and through its company-operated boutiques. Sincere also has a dining business that accounts for a small amount of total revenue.

Executives

Allied Group Limited	2201 Interest of corporation controlled by you
Shipshape Investments Limited	2201 Interest of corporation controlled by you
Sun Hung Kai & Co. Limited	2201 Interest of corporation controlled by you
Sun Hung Kai Structured Finance Limited	2106 Person having a security interest in shares
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
Be Bright Limited	2101 Beneficial owner
Chu Yuet Wah
Allied Properties (h.k.) Limited	2201 Interest of corporation controlled by you
Asia Gate Holdings Co., Ltd.	2201 Interest of corporation controlled by you
Sky League Limited	2101 Beneficial owner
Wang Fang	2201 Interest of corporation controlled by you
Allied Crown Investment Limited	2101 Beneficial owner
Bai Ning	2201 Interest of corporation controlled by you
Brilliant World Limited	2101 Beneficial owner

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