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Hong Kong Shanghai Alliance Holdings (HKSE:01001) Accounts Receivable : HK$422 Mil (As of Sep. 2023)


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What is Hong Kong Shanghai Alliance Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hong Kong Shanghai Alliance Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$422 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hong Kong Shanghai Alliance Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 61.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hong Kong Shanghai Alliance Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-1.88.


Hong Kong Shanghai Alliance Holdings Accounts Receivable Historical Data

The historical data trend for Hong Kong Shanghai Alliance 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.

* Premium members only.

Hong Kong Shanghai Alliance Holdings Accounts Receivable Chart

Hong Kong Shanghai Alliance 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 456.94 302.69 365.81 499.35 430.67

Hong Kong Shanghai Alliance 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 463.91 499.35 460.35 430.67 421.68

Hong Kong Shanghai Alliance Holdings Accounts Receivable Calculation

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


Hong Kong Shanghai Alliance 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.

Hong Kong Shanghai Alliance 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
=421.684/1246.762*91
=61.73

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

Hong Kong Shanghai Alliance 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)
=(109.679+0.75 * 421.684+0.5 * 487.726-1775.462
-0-99.501)/640.414
=-1.88

* 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.


Hong Kong Shanghai Alliance Holdings Accounts Receivable Related Terms

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Hong Kong Shanghai Alliance Holdings (HKSE:01001) Business Description

Traded in Other Exchanges
N/A
Address
41 Lockhart Road, East Town Building, Rooms 1103-05, 11th Floor, Wanchai, Hong Kong, HKG
Hong Kong Shanghai Alliance Holdings Ltd is an investment holding company. The company along with its subsidiaries is engaged in the distribution and processing of construction materials such as steel products; trading of sanitary wares and kitchen cabinets; and property investment and fund management businesses. The company's segment includes Steels Distribution and Processing Business; Building Products Distribution Business and Property Investment and Fund Management Business. The company generates maximum revenue from the Steels Distribution and Processing Business segment. Geographically the group has a presence in Hong Kong and Mainland China, of which key revenue is generated from Hong Kong.
Executives
Perfect Capital International Corp. 2101 Beneficial owner
Huge Top Industrial Ltd. 2101 Beneficial owner
Yao Cho Fai Andrew 2101 Beneficial owner

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