Huashi Group Holdings (HKSE:01111) Accounts Receivable : HK$114.6 Mil (As of Dec. 2022)

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What is Huashi Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Huashi Group Holdings's accounts receivables for the quarter that ended in Dec. 2022 was HK$114.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Huashi Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 90.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Huashi Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was HK$0.02.

Huashi Group Holdings Accounts Receivable Historical Data

The historical data trend for Huashi 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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Huashi Group Holdings Accounts Receivable Chart

Huashi Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

27.23

39.23

114.58

266.13

Huashi Group Holdings Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	27.23	39.23	114.58	266.13

Huashi Group Holdings Accounts Receivable Calculation

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

Huashi 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.

Huashi Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	114.577	/	231.346	*	91
=	90.39

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

Huashi Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(3.209	+	0.75 * 114.577	+	0.5 * 0	-	76.54
-	0	-	0)	/	770.650
=	0.02

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.

Huashi Group Holdings Accounts Receivable Related Terms

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Huashi Group Holdings (HKSE:01111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Huashi Group Holdings Ltd (HKSE:01111) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase II Shuisheng Keji Yuan, 1st Floor, Block 2 Office Building, 1 Chagang Xincun Dongyuan, Wuchang, Wuhan, CHN

Website

http://www.youmeimu.com

Huashi Group Holdings Ltd is a branding, advertising and marketing service provider based in Hubei Province, the PRC, providing services across the entire value chain from market research through collaboration with research institutes to execution of branding, advertising and marketing projects through collaboration with different media resources suppliers so as to assist brand owners, advertisers and advertising agents in formulating and implementing effective service proposals to fulfill their promotional needs and marketing objectives, thereby further enhancing their brand reputation to targeted recipients, and improving the competitiveness and market share of their products or services.

Executives

Chen Jicheng	2201 Interest of corporation controlled by you
Wang Shujin	2201 Interest of corporation controlled by you
Nie Xing	2201 Interest of corporation controlled by you
Jia Yi Wen Hua Chuan Mei You Xian Gong Si	2101 Beneficial owner
Yuan Jin Wen Hua Chuan Mei You Xian Gong Si	2101 Beneficial owner
You Xin Zi Ben You Xian Gong Si	2101 Beneficial owner

Huashi Group Holdings (HKSE:01111) Headlines

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