Justin Allen Holdings (HKSE:01425) Accounts Receivable : HK$105 Mil (As of Dec. 2023)

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What is Justin Allen Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Justin Allen Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$105 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Justin Allen Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 25.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Justin Allen Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.36.

Justin Allen Holdings Accounts Receivable Historical Data

The historical data trend for Justin Allen 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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Justin Allen Holdings Accounts Receivable Chart

Justin Allen Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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32.59

20.50

37.56

155.73

105.14

Justin Allen Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial								37.56	34.22	155.73	29.39	105.14

Justin Allen Holdings Accounts Receivable Calculation

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

Justin Allen 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.

Justin Allen Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	105.137	/	750.753	*	91
=	25.56

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

Justin Allen Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(548.774	+	0.75 * 105.137	+	0.5 * 81.656	-	214.729
-	0	-	0)	/	1250
=	0.36

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.

Justin Allen Holdings Accounts Receivable Related Terms

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Justin Allen Holdings (HKSE:01425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Justin Allen Holdings Ltd (HKSE:01425) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

483A Castle Peak Road, 31st Floor, Excel Centre, Cheung Sha Wan, Hong Kong, HKG

Website

https://www.justinallengroup.com

Justin Allen Holdings Ltd engages in OEM garment manufacturing specializing in the production of sleepwear and loungewear products. The company offers one-stop apparel solutions comprising raw materials sourcing and greige fabric production, fabric design, and development, as well as fashion design. It derives revenue from manufacturing and sales of sleepwear products, loungewear products, and greige fabric. Its operations are spread across the United States of America, United Kingdom, Ireland, Canada, The PRC, Spain, and Cambodia.

Executives

Strategic King Holdings Limited	2101 Beneficial owner
Tam Kwok Pui	2201 Interest of corporation controlled by you
Yeung Suk Foon Paulina	2202 Interest of your spouse

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