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Goldstream Investment (HKSE:01328) Accounts Receivable : HK$11.40 Mil (As of Jun. 2024)


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What is Goldstream Investment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Goldstream Investment's accounts receivables for the quarter that ended in Jun. 2024 was HK$11.40 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Goldstream Investment's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 168.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Goldstream Investment's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.02.


Goldstream Investment Accounts Receivable Historical Data

The historical data trend for Goldstream Investment'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.

Goldstream Investment Accounts Receivable Chart

Goldstream Investment Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.69 28.16 16.50 12.93 16.39

Goldstream Investment Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.50 8.15 12.93 11.40 16.39

Goldstream Investment Accounts Receivable Calculation

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


Goldstream Investment 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.

Goldstream Investment's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=11.404/12.352*91
=168.49

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

Goldstream Investment'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)
=(372.578+0.75 * 11.404+0.5 * 0-64.788
-0-0)/12827.777
=0.02

* 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.


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.


Goldstream Investment Accounts Receivable Related Terms

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Goldstream Investment Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Finance Street, Suite 7008, 70th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Goldstream Investment Ltd is an investment holding company. The operating segments of the group are the IM business and SDI business. IM (Investment Management) business includes advisory services on securities and asset management; securities trading; and provision of the infrastructure of the investment management system. SDI (strategic direct investment) business includes the provision of making proprietary investments in the financial markets. The group has a business presence in Hong Kong; the PRC; the United States and others.
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