CTR Holdings (HKSE:01416) Accounts Receivable : HK$65.8 Mil (As of Aug. 2023)

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What is CTR Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CTR Holdings's accounts receivables for the quarter that ended in Aug. 2023 was HK$65.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CTR Holdings's Days Sales Outstanding for the quarter that ended in Aug. 2023 was 34.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CTR Holdings's Net-Net Working Capital per share for the quarter that ended in Aug. 2023 was HK$0.02.

CTR Holdings Accounts Receivable Historical Data

The historical data trend for CTR Holdings'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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CTR Holdings Accounts Receivable Chart

CTR Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Accounts Receivable

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24.58

31.13

31.69

59.78

51.86

CTR Holdings Semi-Annual Data
	Feb17	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Accounts Receivable	Get a 7-Day Free Trial							34.26	59.78	52.16	51.86	65.82

CTR Holdings Accounts Receivable Calculation

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

CTR Holdings 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.

CTR Holdings's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	65.822	/	351.459	*	91
=	34.18

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

CTR Holdings's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=	(159.597	+	0.75 * 65.822	+	0.5 * 0.261	-	177.219
-	0	-	0)	/	1400
=	0.02

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.

CTR Holdings Accounts Receivable Related Terms

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CTR Holdings (HKSE:01416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CTR Holdings Ltd (HKSE:01416) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Woodlands Close No. 08-11/12, Primz Bizhub, Singapore, SGP, 737854

Website

https://www.ctrholdings.com

CTR Holdings Ltd is an investment holding company. The company focuses on the provision of structural engineering works and wet architectural works services. The company generates maximum revenue from Structural engineering works. Geographically, the company derives revenue from Singapore. The Structural engineering works services of the company include reinforced concrete works which include steel reinforcement works, formwork erection and concrete works, and Precast installation works while the Wet architectural works services include Masonry building works; Plastering and screeding works; Tiling works and Waterproofing works.

Executives

Brave Ocean Limited	2101 Beneficial owner
Gou Shuzhen	2103 Interests held jointly with another person
Le Thi Minh Tam	2202 Interest of your spouse
Lin Qingling	2202 Interest of your spouse
Xu Junjie	2202 Interest of your spouse
Xu Tiancheng	2201 Interest of corporation controlled by you
Xu Xuping	2201 Interest of corporation controlled by you

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