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Integrated Waste Solutions Group Holdings (HKSE:00923) Accounts Receivable : HK$3.85 Mil (As of Sep. 2023)


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What is Integrated Waste Solutions Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Integrated Waste Solutions Group Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$3.85 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Integrated Waste Solutions Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 33.67.

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


Integrated Waste Solutions Group Holdings Accounts Receivable Historical Data

The historical data trend for Integrated Waste Solutions Group 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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Integrated Waste Solutions Group Holdings Accounts Receivable Chart

Integrated Waste Solutions Group Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.23 6.98 5.63 2.85 3.16

Integrated Waste Solutions Group Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.12 2.85 4.37 3.16 3.85

Integrated Waste Solutions Group Holdings Accounts Receivable Calculation

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


Integrated Waste Solutions Group 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.

Integrated Waste Solutions Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.851/20.876*91
=33.67

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

Integrated Waste Solutions Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(73.132+0.75 * 3.851+0.5 * 0.339-13.536
-0-0.016)/4823.01
=0.01

* 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.


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.


Integrated Waste Solutions Group Holdings Accounts Receivable Related Terms

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Integrated Waste Solutions Group Holdings (HKSE:00923) Business Description

Traded in Other Exchanges
N/A
Address
8 Chun Cheong Street, Integrated Waste Solutions Building, Tseung Kwan O Industrial Estate, New Territories, Hong Kong, HKG
Integrated Waste Solutions Group Holdings Ltd and its subsidiaries are engaged in the trading of recovered paper and materials, trading of tissue paper products, provision of confidential materials destruction services, and provision of logistics services. It has four operating business segments: Recovered paper and materials; Tissue paper products; Confidential materials destruction service (CMDS); and Logistics services. Geographically, it serves Hong Kong, Mainland China, South Korea, and other countries. The company derives the majority of its revenue from sales of Recovered paper and materials in Hong Kong.

Integrated Waste Solutions Group Holdings (HKSE:00923) Headlines

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