Wong's Kong King International (Holdings) (HKSE:00532) Accounts Receivable : HK$1,009 Mil (As of Dec. 2023)

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What is Wong's Kong King International (Holdings) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wong's Kong King International (Holdings)'s accounts receivables for the quarter that ended in Dec. 2023 was HK$1,009 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wong's Kong King International (Holdings)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 was 108.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wong's Kong King International (Holdings)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.24.

Wong's Kong King International (Holdings) Accounts Receivable Historical Data

The historical data trend for Wong's Kong King International (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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Wong's Kong King International (Holdings) Accounts Receivable Chart

Wong's Kong King International (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,329.90

1,270.97

1,370.96

1,202.60

1,009.49

Wong's Kong King International (Holdings) 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															1,370.96	1,369.48	1,202.60	1,104.05	1,009.49

Wong's Kong King International (Holdings) Accounts Receivable Calculation

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

Wong's Kong King International (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.

Wong's Kong King International (Holdings)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1009.485	/	1704.06	*	91
=	108.11

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

Wong's Kong King International (Holdings)'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)
=	(561.764	+	0.75 * 1009.485	+	0.5 * 867.591	-	1479.501
-	0	-	96.202)	/	729.898
=	0.24

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.

Wong's Kong King International (Holdings) Accounts Receivable Related Terms

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Wong's Kong King International (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wong's Kong King International (Holdings) Ltd (HKSE:00532) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

No. 8 Lam Chak Street, 17th Floor, Harbourside HQ, Kowloon Bay, Hong Kong, HKG

Website

http://www.wkkintl.com

Wong's Kong King International (Holdings) Ltd is an investment holding company. It operates in two segments Trading and Manufacturing. The trading segment is engaged in the trading and distribution of chemicals, materials, and equipment used in the manufacturing of printed circuit boards and electronic products. Its Manufacturing segment is engaged in the manufacturing of electrical and electronic products for original equipment manufacturers. The company derives the majority of its revenue from the Trading segment. Geographically, it generates maximum revenue from Hong Kong, Mainland China, and Taiwan and also has a presence in North America and Europe.

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