CA Cultural Technology Group (HKSE:01566) Accounts Receivable : HK$36.6 Mil (As of Sep. 2023)

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What is CA Cultural Technology Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CA Cultural Technology Group's accounts receivables for the quarter that ended in Sep. 2023 was HK$36.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CA Cultural Technology Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 38.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CA Cultural Technology Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-1.16.

CA Cultural Technology Group Accounts Receivable Historical Data

The historical data trend for CA Cultural Technology 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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CA Cultural Technology Group Accounts Receivable Chart

CA Cultural Technology Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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295.86

82.40

226.24

170.05

53.92

CA Cultural Technology Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															213.53	170.05	134.24	53.92	36.64

CA Cultural Technology Group Accounts Receivable Calculation

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

CA Cultural Technology 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.

CA Cultural Technology Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	36.644	/	175.617	*	91
=	38.08

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

CA Cultural Technology Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(26.623	+	0.75 * 36.644	+	0.5 * 5.231	-	1434.484
-	0	-	-8.256)	/	1182.04
=	-1.16

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.

CA Cultural Technology Group Accounts Receivable Related Terms

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CA Cultural Technology Group (HKSE:01566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CA Cultural Technology Group Ltd (HKSE:01566) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Harbour Road, Suites 2905, 29th Floor, China Resources Building, Wan Chai, Hong Kong, HKG

Website

https://www.animatechina.com

CA Cultural Technology Group Ltd is an investment holding company. The Company and its subsidiaries are engaged in the sales of animation derivative products, establishment and operation of indoor theme parks and multimedia animation entertainment in the PRC, Hong Kong and Japan. The company's reportable segment includes Sales of animation derivative products; Establishment and operation of indoor theme park CA SEGA JOYPOLIS brand; and Multimedia animation entertainment. It generates maximum revenue from the Establishment and operation of indoor theme parks segment.

Executives

Bright Rise Enterprises Limited	2101 Beneficial owner
Ikeda Shinichiro	2501 Other
Lee Sui Fong Fiona	2501 Other
Chong Heung Chung Jason	2201 Interest of corporation controlled by you
Bonville Glory Limited	2501 Other
Fortress Strength Limited	2501 Other
Dragon Year Group Limited	2501 Other
Ting Ka Fai Jeffrey	2501 Other
Newgate (ptc) Limited	2301 Trustee
East Jumbo Development Limited	2501 Other
Or Den Fung Bonnie	2501 Other
Fun Legend Limited	2101 Beneficial owner
Wang Xiu Hua	2101 Beneficial owner
Bloom Fort Limited	2101 Beneficial owner
Lo Yuk Yee	2201 Interest of corporation controlled by you

CA Cultural Technology Group (HKSE:01566) Headlines

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