Tu Yi Holding Co (HKSE:01701) Accounts Receivable : HK$15.9 Mil (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Tu Yi Holding Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tu Yi Holding Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$15.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tu Yi Holding Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 40.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tu Yi Holding Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.04.

Tu Yi Holding Co Accounts Receivable Historical Data

The historical data trend for Tu Yi Holding Co'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.

* Premium members only.

Tu Yi Holding Co Accounts Receivable Chart

Tu Yi Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

37.91

2.17

1.68

0.96

15.94

Tu Yi Holding Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									1.68	1.52	0.96	5.76	15.94

Tu Yi Holding Co Accounts Receivable Calculation

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

Tu Yi Holding Co 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.

Tu Yi Holding Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.936	/	71.675	*	91
=	40.58

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

Tu Yi Holding Co'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)
=	(45.647	+	0.75 * 15.936	+	0.5 * 1.385	-	97.013
-	0	-	2.435)	/	1000
=	-0.04

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.

Tu Yi Holding Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Tu Yi Holding Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tu Yi Holding Co (HKSE:01701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tu Yi Holding Co Ltd (HKSE:01701) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1288 Wenyi West Road, Room 813, 8th Floor, Block 4, Cangqian Sub-district, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.tuyigroup.com

Tu Yi Holding Co Ltd is a travel service provider. Its businesses include the Selling of package tours and day tours, Margin income from sales of FIT products, Provision of visa application processing services, Selling of certain ancillary travel-related products and services, Hotel operation and Duty-free shop business. A majority of the income is generated from the sale of package tours and day tour products. The company operates in Mainland China, Taiwan and Japan, out of which Mainland China contributes to the majority of the revenue.

Executives

Pan Wei	2201 Interest of corporation controlled by you
Xu Jiong	2401 A concert party to an agreement to buy shares
Yu Dingxin	2401 A concert party to an agreement to buy shares
King Pan Co., Ltd.	2101 Beneficial owner
York Yu Co., Ltd.	2101 Beneficial owner
Jeffery Xu Co., Ltd.	2101 Beneficial owner
David Xu Co., Ltd.	2101 Beneficial owner

Tu Yi Holding Co (HKSE:01701) Headlines

No Headlines