Carnival Group International Holdings (HKSE:00996) Accounts Receivable : HK$16.55 Mil (As of Jun. 2021)

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What is Carnival Group International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Carnival Group International Holdings's accounts receivables for the quarter that ended in Jun. 2021 was HK$16.55 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Carnival Group International Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2021 was 36.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Carnival Group International Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was HK$-15.50.

Carnival Group International Holdings Accounts Receivable Historical Data

The historical data trend for Carnival Group International 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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Carnival Group International Holdings Accounts Receivable Chart

Carnival Group International Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Accounts Receivable

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60.49

20.26

11.36

12.88

17.88

Carnival Group International Holdings Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Accounts Receivable	Get a 7-Day Free Trial															13.21	12.88	15.56	17.88	16.55

Carnival Group International Holdings Accounts Receivable Calculation

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

Carnival Group International 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.

Carnival Group International Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.551	/	82.902	*	91
=	36.44

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

Carnival Group International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 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)
=	(251.32	+	0.75 * 16.551	+	0.5 * 4135.202	-	16880.864
-	0	-	142.79)	/	947.809
=	-15.50

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.

Carnival Group International Holdings Accounts Receivable Related Terms

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Carnival Group International Holdings (HKSE:00996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Carnival Group International Holdings Ltd (HKSE:00996) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

61-65 Des Voeux Road, Suites 1106-08, 11th Floor, The Chinese Bank Building, Hong Kong, HKG

Website

http://www.0996.com.hk

Carnival Group International Holdings Ltd is an investment holding company. It operates through four segments namely Property development and investment segment, which is the key revenue driver, includes developing residential and commercial properties in the PRC and Hong Kong for sales and leasing; Trading and investment business includes investing in securities and financial instruments; Hotel operations including hotel accommodation, food and banquet operations; Others providing retail-related consultancy, management services, operating kids edutainment center, touring carnival and operating restaurants in Hong Kong.

Executives

Great Sharp International Limited	2106 Person having a security interest in shares
Qian Tiwei	2201 Interest of corporation controlled by you
Fresh Idea Ventures Limited	2106 Person having a security interest in shares
Huarong International Financial Holdings Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Chu Yuet Wah
Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2101 Beneficial owner
Better Joint Venture Limited
King Pak Fu
Elite Mile Investments Limited

Carnival Group International Holdings (HKSE:00996) Headlines

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