Fu Shou Yuan International Group (HKSE:01448) Accounts Receivable : HK$138 Mil (As of Jun. 2024)

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What is Fu Shou Yuan International Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fu Shou Yuan International Group's accounts receivables for the quarter that ended in Jun. 2024 was HK$138 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fu Shou Yuan International Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 21.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fu Shou Yuan International Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.50.

Fu Shou Yuan International Group Accounts Receivable Historical Data

The historical data trend for Fu Shou Yuan International Group'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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Fu Shou Yuan International Group Accounts Receivable Chart

Fu Shou Yuan International Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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75.00

132.66

153.97

152.16

104.86

Fu Shou Yuan International Group 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															153.97	135.54	152.16	137.90	104.86

Fu Shou Yuan International Group Accounts Receivable Calculation

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

Fu Shou Yuan International Group 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.

Fu Shou Yuan International Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	137.903	/	1184.188	*	91
=	21.25

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

Fu Shou Yuan International Group'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)
=	(3665.622	+	0.75 * 137.903	+	0.5 * 609.654	-	2184.999
-	0	-	763.614)	/	2271.063
=	0.50

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.

Fu Shou Yuan International Group Accounts Receivable Related Terms

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Fu Shou Yuan International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Fu Shou Yuan International Group Ltd (HKSE:01448) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

FSHUF:USA

Address

No. 88 Cao Xi Road North, Room 1306, Sheng Ai Building, Xuhui District, Shanghai, CHN, 200030

Website

https://www.fsygroup.com

Fu Shou Yuan International Group Ltd is a personal services company that provides burial, funeral, and auxiliary services throughout China. The company derives the revenue from three business segments which are burial services, funeral services and other services. It derives majority of its revenue from the burial services segment. Within this business activity, Fu Shou Yuan generates most of its revenue from the sale of primarily customized, artistic, and traditional burial plots. The company also provides cemetery maintenance services for its portfolio of cemeteries within its burial services segment. The majority of Fu Shou Yuan's sales come from the Shanghai region, while the Liaoning province also contributes a sizable percentage of total revenue.

Executives

Fsg Holding Corporation	2101 Beneficial owner
Shang Hai Zhong Min Lao Ling Shi Ye Zi Xun Fu Wu Zhong Xin	2201 Interest of corporation controlled by you
Shang Hai Zhong Min Lao Ling Shi Ye Kai Fa Fu Wu Zhong Xin	2201 Interest of corporation controlled by you
Shang Hai Hong Fu Tou Zi Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Zhong Fu Shi Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Li Fu Sheng You Xian Gong Si	2201 Interest of corporation controlled by you
Perfect Score Group Limited	2101 Beneficial owner
Yang Guang Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Yang Guang Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner

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