Xi'an Kingfar Property Services Co (HKSE:01354) Accounts Receivable : HK$281 Mil (As of Jun. 2024)

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What is Xi'an Kingfar Property Services Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Xi'an Kingfar Property Services Co's accounts receivables for the quarter that ended in Jun. 2024 was HK$281 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Xi'an Kingfar Property Services Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 102.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Xi'an Kingfar Property Services Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-1.93.

Xi'an Kingfar Property Services Co Accounts Receivable Historical Data

The historical data trend for Xi'an Kingfar Property Services 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.

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Xi'an Kingfar Property Services Co Accounts Receivable Chart

Xi'an Kingfar Property Services Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

169.97

271.78

286.91

240.38

Xi'an Kingfar Property Services Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			271.78	-	286.91	280.58	240.38

Xi'an Kingfar Property Services Co Accounts Receivable Calculation

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

Xi'an Kingfar Property Services 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.

Xi'an Kingfar Property Services Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	280.575	/	498.795	*	91
=	102.66

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Xi'an Kingfar Property Services Co's accounts receivable are only considered to be worth 75% of book value:

Xi'an Kingfar Property Services Co'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)
=	(210.564	+	0.75 * 280.575	+	0.5 * 0.448	-	543.253
-	0	-	6.795)	/	66.667
=	-1.93

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.

Xi'an Kingfar Property Services Co Accounts Receivable Related Terms

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Xi'an Kingfar Property Services Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Xi'an Kingfar Property Services Co Ltd (HKSE:01354) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51 Fengcheng Second Road, Room 10701, Unit 1, Building 3, Xi’an Financial Innovation Center, Shaanxi, Economic and Technological, Development Zone, Xi’an, CHN

Website

https://www.xajfwy.com

Xi'an Kingfar Property Services Co Ltd is a state-owned city service and property management service provider in Shaanxi Province with presence in Northwest China. It has three primary business lines; City Services, Residential Property Management Services and Commercial Property Management Services. The company contracted to provide public property management services, basic residential property management services and basic commercial property management services to 149 projects in China. Key revenue is generated from City services.

Executives

The Reynold Lemkins Group (asia) Limited
Kaufmann & Company Pan-asia Limited	2101 Beneficial owner
Xin Fu Yuan Ke Ji You Xian Gong Si	2101 Beneficial owner
Ding Huaming	2201 Interest of corporation controlled by you
Ju E Mao Yi Ji Tuan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Meng Wujun	2201 Interest of corporation controlled by you
Xi An Tian Bo Zhen Duan Ji Shu You Xian Gong Si	2101 Beneficial owner
Liao Huixia	2201 Interest of corporation controlled by you
Ding Hua Ming	2101 Beneficial owner
Pan Zhixiong	2201 Interest of corporation controlled by you

Xi'an Kingfar Property Services Co Headlines

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