Zhong Ji Longevity Science Group (HKSE:00767) Accounts Receivable : HK$72.2 Mil (As of Dec. 2024)

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What is Zhong Ji Longevity Science Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhong Ji Longevity Science Group's accounts receivables for the quarter that ended in Dec. 2024 was HK$72.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhong Ji Longevity Science Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 106.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhong Ji Longevity Science Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.09.

Zhong Ji Longevity Science Group Accounts Receivable Historical Data

The historical data trend for Zhong Ji Longevity Science Group'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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Zhong Ji Longevity Science Group Accounts Receivable Chart

Zhong Ji Longevity Science Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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0.02

0.65

2.14

72.20

Zhong Ji Longevity Science Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															0.65	4.74	2.14	2.48	72.20

Zhong Ji Longevity Science Group Accounts Receivable Calculation

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

Zhong Ji Longevity Science Group 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.

Zhong Ji Longevity Science Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	72.2	/	123.778	*	91
=	106.45

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Zhong Ji Longevity Science Group's accounts receivable are only considered to be worth 75% of book value:

Zhong Ji Longevity Science Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 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)
=	(47.842	+	0.75 * 72.2	+	0.5 * 1.296	-	125.492
-	0	-	26.516)	/	546.530
=	-0.09

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.

Zhong Ji Longevity Science Group Accounts Receivable Related Terms

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Zhong Ji Longevity Science Group Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Zhong Ji Longevity Science Group Ltd (HKSE:00767) » Definitions » Accounts Receivable

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Address

255-257 Gloucester Road, Suite Nos. 01-03, 19th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/zhongjilongevity

Zhong Ji Longevity Science Group Ltd is an investment holding company. Through its subsidiaries, it engages in Longevity science business that provides diagnostic consultation, health and medical testing and checking as well as distribution of cancer prevention & immunity healthcare supplements, Money lending & Financial Advisory provides loan financing for earning interest income and provision of financial advisory and management services rendering various loans fees, Securities and other investments engages in holding of equity investments, investment in short to long-term financial assets for dividend income, and Property investment segment invests in properties for rental income and/or for potential capital appreciation.

Executives

Yan Zhen	2101 Beneficial owner
Wang Jianyong	2101 Beneficial owner
Butani Pap Udharam	2101 Beneficial owner
Chainrai Balram	2101 Beneficial owner
So Hoi Wing Jackson	2101 Beneficial owner
Li Yan	2101 Beneficial owner
Wong So Wai
Zhou Disun	2201 Interest of corporation controlled by you
Speedy Brilliant Investments Limited	2101 Beneficial owner
Allied Summit Inc.	2101 Beneficial owner
Su Weibiao	2201 Interest of corporation controlled by you
Harmony Delight Holdings Limited	2101 Beneficial owner
Ma Hongyi	2201 Interest of corporation controlled by you
Zhong Ji 1 International Medical Group (hong Kong) Limited	2101 Beneficial owner
China International Osteoarticular Medical Group Limited	2201 Interest of corporation controlled by you

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