Macau E&M Holding (HKSE:01408) Accounts Receivable : HK$37.0 Mil (As of Jun. 2024)

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What is Macau E&M Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Macau E&M Holding's accounts receivables for the quarter that ended in Jun. 2024 was HK$37.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Macau E&M Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 121.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Macau E&M Holding's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.22.

Macau E&M Holding Accounts Receivable Historical Data

The historical data trend for Macau E&M Holding'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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Macau E&M Holding Accounts Receivable Chart

Macau E&M Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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49.46

38.25

32.79

58.34

27.06

Macau E&M Holding Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial								47.72	58.34	17.09	27.06	36.95

Macau E&M Holding Accounts Receivable Calculation

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

Macau E&M Holding 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.

Macau E&M Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	36.951	/	55.614	*	91
=	121.26

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

Macau E&M Holding'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)
=	(126.422	+	0.75 * 36.951	+	0.5 * 0	-	43.288
-	0	-	0)	/	500
=	0.22

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.

Macau E&M Holding Accounts Receivable Related Terms

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Macau E&M Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Macau E&M Holding Ltd (HKSE:01408) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida da Concordia, NO. 175–181, Tower B and D, 10th floor, Edificio Industrial Wang Fu, Macao, MAC

Website

http://www.macauem.com

Macau E&M Holding Ltd is an Electrical & Mechanical engineering services works contractor in Macau. The company provides a comprehensive mix of E&M engineering services works based on the contractual needs of its customers in Macau, which involve a combination of the supply and/or installation of LV systems works; HVAC systems work; and ELV systems work, and the relevant testing and commissioning thereof, as well as management and monitoring of quality and delivery of its E&M engineering services, works. It also provides maintenance and repair services to its customers.

Executives

Cheong Ka Wo	2201 Interest of corporation controlled by you
Lo Chao Ieng	2202 Interest of your spouse
Macau E&m Group Limited	2101 Beneficial owner
One Wesco Inc.	2101 Beneficial owner
Leong Kam In	2202 Interest of your spouse
Leong Kam Leng	2201 Interest of corporation controlled by you
Macau E&m Assets Limited	2101 Beneficial owner
Bridge Capital Limited	2101 Beneficial owner
Law Ming Chu	2202 Interest of your spouse
Tam Chi Wai	2201 Interest of corporation controlled by you
Li Sau Fun	2202 Interest of your spouse
Tsang Yuen Wai Samuel	2201 Interest of corporation controlled by you

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