Green Economy Development (HKSE:01315) Accounts Receivable : HK$57 Mil (As of Sep. 2024)

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What is Green Economy Development Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Green Economy Development's accounts receivables for the quarter that ended in Sep. 2024 was HK$57 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Green Economy Development's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 7.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Green Economy Development's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was HK$-0.67.

Green Economy Development Accounts Receivable Historical Data

The historical data trend for Green Economy Development'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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Green Economy Development Accounts Receivable Chart

Green Economy Development Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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405.82

151.49

218.28

190.57

81.72

Green Economy Development Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															141.97	190.57	128.22	81.72	56.55

Green Economy Development Accounts Receivable Calculation

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

Green Economy Development 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.

Green Economy Development's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.546	/	1439.486	*	91
=	7.17

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

Green Economy Development's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(119.33	+	0.75 * 56.546	+	0.5 * 72.421	-	619.472
-	0	-	-4.035)	/	621.876
=	-0.67

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.

Green Economy Development Accounts Receivable Related Terms

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Green Economy Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Green Economy Development Ltd (HKSE:01315) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road, Room 1001, 10th floor, China Huarong Tower, Wan Chai, Hong Kong, HKG

Website

http://www.greeneconomy.com.hk

Green Economy Development Ltd, formerly Vision Fame International Holding Ltd. is principally engaged in the provision of building construction services, property maintenance services, alterations, renovation, upgrading fitting-out works services, and trading of materials. It operates through five business segments: Building construction; Alterations, renovation, upgrading and fitting-out works segment; Property maintenance segment; trading of materials segment and Transportation service . It derives maximum revenue from trading of materials segment. The geographic area of operation includes PRC and Hong Kong.

Executives

Chau Chit	2201 Interest of corporation controlled by you
Zhu Feng	2501 Other
Ensure Prestige Limited	2101 Beneficial owner
Mega Start Limited	2101 Beneficial owner
Zhu Kai	2201 Interest of corporation controlled by you
Double Energy Limited	2201 Interest of corporation controlled by you
Million Creation Holdings Limited	2101 Beneficial owner
Mega Start Limited	2101 Beneficial owner
Zhongtai Securities Company Limited	2201 Interest of corporation controlled by you
Zhong Tai Jin Rong Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Tai Jin Rong Tou Zi You Xian Gong Si	2106 Person having a security interest in shares

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