Maxnerva Technology Services (HKSE:01037) Accounts Receivable : HK$191.2 Mil (As of Jun. 2024)

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What is Maxnerva Technology Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Maxnerva Technology Services's accounts receivables for the quarter that ended in Jun. 2024 was HK$191.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Maxnerva Technology Services's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 125.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Maxnerva Technology Services's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.31.

Maxnerva Technology Services Accounts Receivable Historical Data

The historical data trend for Maxnerva Technology Services'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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Maxnerva Technology Services Accounts Receivable Chart

Maxnerva Technology Services Annual Data

Trend

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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215.09

223.38

240.58

220.57

200.99

Maxnerva Technology Services Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															240.58	201.70	220.57	191.16	200.99

Maxnerva Technology Services Accounts Receivable Calculation

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

Maxnerva Technology Services 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.

Maxnerva Technology Services's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	191.164	/	278.744	*	91
=	125.16

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

Maxnerva Technology Services's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=	(197.081	+	0.75 * 191.164	+	0.5 * 79.186	-	166.019
-	0	-	0)	/	701.543
=	0.31

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.

Maxnerva Technology Services Accounts Receivable Related Terms

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Maxnerva Technology Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maxnerva Technology Services Ltd (HKSE:01037) » Definitions » Accounts Receivable

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Address

63 Mody Road, Room 1001, 10th Floor, Houston Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

http://www.maxnerva.com

Maxnerva Technology Services Ltd is an investment holding company engaged in the operating segments of Smart Office Business, Industrial Solution Business and New Retail Business. Smart Office business segment is engaged in the provision of video conference related solutions plus brand licensing and supply chain management of smart office equipment. Industrial Solution Business segment is involved in the provision of smart manufacturing solutions and services to improve the effectiveness and efficiency of production lines, plant facilities and the management of industrial parks .New Retail business segment provides advanced digital signage and other retail solutions to their customers It has a business presence in Hong Kong, the PRC, the United States, Taiwan and others.

Executives

Fsk Holdings Limited	2201 Interest of corporation controlled by you
Fdg Fund, L.p.	2101 Beneficial owner
Tse Tik Yang Denis	2201 Interest of corporation controlled by you
Foxconn (far East) Limited	2101 Beneficial owner

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