Royale Home Holdings (HKSE:01198) Accounts Receivable : HK$258.5 Mil (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Royale Home Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Royale Home Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$258.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Royale Home Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 145.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Royale Home Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.39.

Royale Home Holdings Accounts Receivable Historical Data

The historical data trend for Royale Home 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.

Royale Home Holdings Accounts Receivable Chart

Royale Home Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

22.42

37.77

186.87

225.70

258.55

Royale Home 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															186.87	231.94	225.70	235.24	258.55

Royale Home Holdings Accounts Receivable Calculation

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

Royale Home 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.

Royale Home 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
=	258.545	/	325.173	*	91
=	145.11

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

Royale Home 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)
=	(54.858	+	0.75 * 258.545	+	0.5 * 330.758	-	3849.309
-	0	-	180.828)	/	2598.56
=	-1.39

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.

Royale Home Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Royale Home Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Royale Home Holdings (HKSE:01198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Royale Home Holdings Ltd (HKSE:01198) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Mody Road, Room 607, 6th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

https://royale.todayir.com

Royale Home Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in the manufacture and sale of home furniture in China. The segments of the company are, 1) The furniture products segment, engaging in the manufacture and sale of home furniture. 2) The development properties for sale and property investments segment, engaging in the property investments and development. 3) The hotel operations segment, engaging in hotel operations. 4) The trading segment, engaging in the trading of aluminium ingots and bars. Geographically, it derives revenue from Mainland China.

Executives

Tse Kam Pang	2201 Interest of corporation controlled by you
Ke Xue Cheng Guang Zhou Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Ke Xue Cheng Xiang Gang Tou Zi You Xian Gong Si	2101 Beneficial owner
Great Diamond Developments Ltd	2101 Beneficial owner

Royale Home Holdings (HKSE:01198) Headlines

No Headlines