China Shun Ke Long Holdings (HKSE:00974) Accounts Receivable : HK$40.2 Mil (As of Dec. 2023)

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What is China Shun Ke Long Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Shun Ke Long Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$40.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Shun Ke Long Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 19.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Shun Ke Long Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.38.

China Shun Ke Long Holdings Accounts Receivable Historical Data

The historical data trend for China Shun Ke Long 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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China Shun Ke Long Holdings Accounts Receivable Chart

China Shun Ke Long Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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26.25

41.63

29.70

32.01

40.18

China Shun Ke Long Holdings 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															29.70	29.52	32.01	40.12	40.18

China Shun Ke Long Holdings Accounts Receivable Calculation

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

China Shun Ke Long 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.

China Shun Ke Long Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.183	/	376.514	*	91
=	19.48

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

China Shun Ke Long Holdings'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)
=	(53.248	+	0.75 * 40.183	+	0.5 * 85.054	-	235.262
-	0	-	1.35)	/	290.457
=	-0.38

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.

China Shun Ke Long Holdings Accounts Receivable Related Terms

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China Shun Ke Long Holdings (HKSE:00974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » China Shun Ke Long Holdings Ltd (HKSE:00974) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 60 Hebin North Road, Huale Building, Floor 3, Lecong Town, Shunde District, Guangdong Province, Foshan, CHN, 528315

Website

http://www.skl.com.cn

China Shun Ke Long Holdings Limited is a Hong Kong-based investment holding company principally engaged in the operation of retail outlets. The Company operates through two segments. Retail Outlet Operation segment is engaged in the operation of Shun Ke Long supermarkets and hypermarkets in Guangzhou, Foshan, Zhaoqing, and Zhuhai, among others. This segment also leases out part of its retail outlets to generate rental income. It also sells consumer goods through online shops. The wholesale Distribution segment is engaged in the wholesale distribution of goods. The Company mainly operates businesses in China and Macau.

Executives

Zhong Hua Quan Guo Gong Xiao He Zuo Zong She	2201 Interest of corporation controlled by you
Bei Jing Zhong He Nong Xin Qi Ye Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Xin Xin Tuo You Xian Ze Ren Gong Si	2301 Trustee
Guang Da Xing Long Xin Tuo You Xian Ze Ren Gong Si	2301 Trustee
Infini Capital Management	2101 Beneficial owner

China Shun Ke Long Holdings (HKSE:00974) Headlines

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