Lerado Financial Group Co (HKSE:01225) Accounts Receivable : HK$80.3 Mil (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Lerado Financial Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lerado Financial Group Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$80.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lerado Financial Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 131.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lerado Financial Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.82.

Lerado Financial Group Co Accounts Receivable Historical Data

The historical data trend for Lerado Financial Group Co'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.

Lerado Financial Group Co Accounts Receivable Chart

Lerado Financial Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

140.69

138.87

116.91

87.94

80.30

Lerado Financial Group Co 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															116.91	78.76	87.94	98.61	80.30

Lerado Financial Group Co Accounts Receivable Calculation

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

Lerado Financial Group Co 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.

Lerado Financial Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	80.304	/	111.62	*	91
=	131.30

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

Lerado Financial Group Co'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)
=	(232.998	+	0.75 * 80.304	+	0.5 * 12.871	-	948.767
-	0	-	-0.332)	/	230.322
=	-2.82

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.

Lerado Financial Group Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Lerado Financial Group Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Lerado Financial Group Co (HKSE:01225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Lerado Financial Group Co Ltd (HKSE:01225) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

59-67 Bonham Strand West, Flat F&G, 4th Floor., Golden Sun Centre, Sheung Wan, Hong Kong, HKG

Website

http://www.lerado.com

Lerado Financial Group Co Ltd is an investment holding company. It is engaged in providing financial services including, securities broking, margin financing, and money lending as well as manufacturing and distributing children's plastic toys and medical care products like mobility aid and other medical equipment. The operating segments of the group are Medical products and plastic toys business; Securities brokerage business and asset management services; and Money lending business and other financial services. It derives key revenue from the Medical products and plastic toys business segment which involves the manufacturing and distribution of medical care products and plastic toys. It has a business presence in Hong Kong, Europe, the U.S., the PRC, Australia, South America, and others.

Lerado Financial Group Co (HKSE:01225) Headlines

No Headlines