Bison Finance Group (HKSE:00888) Accounts Receivable : HK$16.01 Mil (As of Dec. 2023)

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What is Bison Finance Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bison Finance Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$16.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bison Finance Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 314.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bison Finance Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.01.

Bison Finance Group Accounts Receivable Historical Data

The historical data trend for Bison Finance 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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Bison Finance Group Accounts Receivable Chart

Bison Finance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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144.50

77.59

44.41

20.15

16.01

Bison Finance 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															44.41	24.96	20.15	14.71	16.01

Bison Finance Group Accounts Receivable Calculation

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

Bison Finance 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.

Bison Finance 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
=	16.013	/	9.286	*	91
=	314.71

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

Bison Finance 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)
=	(136.286	+	0.75 * 16.013	+	0.5 * 0	-	128
-	0	-	-0.002)	/	1421.84
=	0.01

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.

Bison Finance Group Accounts Receivable Related Terms

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Bison Finance Group (HKSE:00888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bison Finance Group Ltd (HKSE:00888) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

18 King Wah Road, 6th Floor, North Point, Hong Kong, HKG

Website

https://www.bison.com.hk

Bison Finance Group Ltd is an investment holding company. The company's operating segment includes Financial services which comprise loan financing services and licensed businesses including the provision of investment advisory services, advisory services on corporate finance, securities brokerage services, external asset management services and fund management services.

Executives

Wan Hiu Yeung	2201 Interest of corporation controlled by you
Jong Yat Kit (in The Capacity As The Receiver)	2201 Interest of corporation controlled by you
Dong Xing Zheng Quan Xiang Gang Jin Rong Kong Gu You Xian Gong Si	2106 Person having a security interest in shares
Dong Xing Zheng Quan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Su Li Hong	2201 Interest of corporation controlled by you
Xin Ze Mao Yi You Xian Gong Si	2101 Beneficial owner
Tan Bin
Jiang Feng Yun
Deng Xianzi
Cruiser Determined Limited
China Orient Asset Management Co., Ltd.	2106 Person having a security interest in shares
Bliss Chance Global Limited
Bison Capital Financial Holdings Limited
Xu Peixin
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Bison Finance Group (HKSE:00888) Headlines

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