Gaodi Holdings (HKSE:01676) Accounts Receivable : HK$114.2 Mil (As of Jun. 2023)

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What is Gaodi Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gaodi Holdings's accounts receivables for the quarter that ended in Jun. 2023 was HK$114.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gaodi Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 35.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gaodi Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$1.07.

Gaodi Holdings Accounts Receivable Historical Data

The historical data trend for Gaodi 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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Gaodi Holdings Accounts Receivable Chart

Gaodi Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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116.03

124.89

113.81

158.23

141.58

Gaodi Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Accounts Receivable	Get a 7-Day Free Trial											158.23	145.20	141.58	207.95	114.17

Gaodi Holdings Accounts Receivable Calculation

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

Gaodi 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	114.167	/	579.93	*	91
=	35.93

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

Gaodi Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(72.716	+	0.75 * 114.167	+	0.5 * 86.607	-	73.141
-	0	-	-0.229)	/	120
=	1.07

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.

Gaodi Holdings Accounts Receivable Related Terms

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Gaodi Holdings (HKSE:01676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gaodi Holdings Ltd (HKSE:01676) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

5th Floor, No. 5 Factory Meixi Road, Huandong Waters Tongon District, Huli Industrial Park, Fujian Province, Xiamen, CHN

Website

http://www.chinashenghaigroup.com

China Shenghai Group Ltd is engaged in the packaging and sales of seafood products and procurement and sales of fast moving consumer goods and others to the supermarket chains and convenience stores located across China. The company's products are categorized into dried seafood, algae and fungi, seafood snack and frozen seafood products. It has also developed new business on FMCG and cosmetics in Hong Kong and China. Its operating segments include packaging and sales of marine products segment and all other segment. It derives majority of the revenue from packaging and sales of marine products segment.

Executives

Foton Holdings Limited	2101 Beneficial owner
Yang Liqiong	2101 Beneficial owner
Ultima Prime Investment Limited	2501 Other
Arab Osman Mohammed	2104 Agent
Lai Wing Lun	2104 Agent
Rui Qi You Xian Gong Si	2101 Beneficial owner
Lau Shek Yau John	2101 Beneficial owner
Lin Yueying	2202 Interest of your spouse
Liu Rongru	2201 Interest of corporation controlled by you

Gaodi Holdings (HKSE:01676) Headlines

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