Shenguan Holdings Group (HKSE:00829) Accounts Receivable : HK$143 Mil (As of Dec. 2023)

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What is Shenguan Holdings Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shenguan Holdings Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$143 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shenguan Holdings Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 39.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shenguan Holdings Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.20.

Shenguan Holdings Group Accounts Receivable Historical Data

The historical data trend for Shenguan Holdings 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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Shenguan Holdings Group Accounts Receivable Chart

Shenguan Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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228.45

165.00

202.91

159.93

142.60

Shenguan Holdings Group 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															202.91	205.32	159.93	189.38	142.60

Shenguan Holdings Group Accounts Receivable Calculation

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

Shenguan Holdings 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.

Shenguan Holdings Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	142.596	/	657.477	*	91
=	39.58

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

Shenguan Holdings Group'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)
=	(901.28	+	0.75 * 142.596	+	0.5 * 551.792	-	635.573
-	0	-	-7.033)	/	3230.48
=	0.20

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.

Shenguan Holdings Group Accounts Receivable Related Terms

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Shenguan Holdings Group (HKSE:00829) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shenguan Holdings Group Ltd (HKSE:00829) » Definitions » Accounts Receivable

Traded in Other Exchanges

S2N:Germany

Address

255–257 Gloucester Road, Unit 2902, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

http://www.shenguan.com.hk

Shenguan Holdings Group Ltd is an investment holding company. It is engaged in the manufacture and sale of edible collagen sausage casing products, pharmaceutical products, food products, skincare and health care products, and bioactive collagen products. The company generates a majority of its revenue from edible collagen sausage casing products. Geographically, the firm generates a majority of its revenue from the People's Republic of China.

Executives

Low Jee Keong	2201 Interest of corporation controlled by you
Brighten Lane Limited	2101 Beneficial owner
Wei Cheng	2201 Interest of corporation controlled by you
Sky Green Limited	2101 Beneficial owner
Zhou Yaxian	2201 Interest of corporation controlled by you
Sha Shuming	2202 Interest of your spouse
Glories Site Limited	2201 Interest of corporation controlled by you
Rich Top Future Limited	2101 Beneficial owner
Shen Guan Sheng Wu Ke Ji Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xian Sheng You Xian Gong Si	2101 Beneficial owner

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