Pinestone Capital (HKSE:00804) Accounts Receivable : HK$0.00 Mil (As of Dec. 2023)

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What is Pinestone Capital Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pinestone Capital's accounts receivables for the quarter that ended in Dec. 2023 was HK$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pinestone Capital's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pinestone Capital's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.04.

Pinestone Capital Accounts Receivable Historical Data

The historical data trend for Pinestone Capital'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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Pinestone Capital Accounts Receivable Chart

Pinestone Capital Annual Data

Trend

Dec14

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Dec21

Dec22

Dec23

Accounts Receivable

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Pinestone Capital 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															-	-	-	-	-

Pinestone Capital Accounts Receivable Calculation

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

Pinestone Capital 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.

Pinestone Capital's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	10.088	*	91
=	0.00

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

Pinestone Capital'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)
=	(23.799	+	0.75 * 0	+	0.5 * 0	-	5.976
-	0	-	0)	/	406.07
=	0.04

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.

Pinestone Capital Accounts Receivable Related Terms

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Pinestone Capital (HKSE:00804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Pinestone Capital Ltd (HKSE:00804) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 1807, 18th Floor, China Resources Building, Wan Chai, Hong Kong, HKG

Website

http://www.pinestone.com.hk

Pinestone Capital Ltd is an investment holding company registered in the Cayman Islands. It is principally engaged in providing bespoke services including security brokerage, securities-backed lending for individual and corporate purpose and placing and underwriting businesses. The company offers money lending services through its subsidiary Pinestone Capital Group Limited. It operates is business activities in Hong Kong and all of the revenue of the company is generated from Hong Kong itself. The company's revenue comprises of interest income from securities backed lending services, income from placing and underwriting services and commission income from securities brokerage services.

Executives

Ultimate Vantage Group Limited	2101 Beneficial owner
Hong Zhaohong	2201 Interest of corporation controlled by you
Hcc & Co Limited	2101 Beneficial owner
Woso Finance Limited	2106 Person having a security interest in shares
Wu Huimei	2201 Interest of corporation controlled by you
Cheung Yan Leung Henry	2201 Interest of corporation controlled by you
Liu Xuebin	2201 Interest of corporation controlled by you
Snail Capital Limited	2101 Beneficial owner
Cheung Jonathan	2201 Interest of corporation controlled by you
Fu Ying Guo Ji Fa Zhan You Xian Gong Si	2101 Beneficial owner
Fu Ying Guo Ji Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Fu Ying Guo Ji Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

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