S-Enjoy Service Group Co (HKSE:01755) Accounts Receivable : HK$1,965 Mil (As of Dec. 2023)

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What is S-Enjoy Service Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. S-Enjoy Service Group Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$1,965 Mil.

Accounts receivable can be measured by Days Sales Outstanding. S-Enjoy Service Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 119.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. S-Enjoy Service Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.03.

S-Enjoy Service Group Co Accounts Receivable Historical Data

The historical data trend for S-Enjoy Service Group 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.

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S-Enjoy Service Group Co Accounts Receivable Chart

S-Enjoy Service Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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292.39

422.69

762.55

1,443.08

1,965.36

S-Enjoy Service Group Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial										762.55	1,311.77	1,443.08	1,983.36	1,965.36

S-Enjoy Service Group Co Accounts Receivable Calculation

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

S-Enjoy Service Group 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.

S-Enjoy Service Group 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
=	1965.362	/	3000.436	*	91
=	119.54

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

S-Enjoy Service Group 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)
=	(2661.429	+	0.75 * 1965.362	+	0.5 * 43.329	-	3709.48
-	0	-	423.777)	/	871.331
=	0.03

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.

S-Enjoy Service Group Co Accounts Receivable Related Terms

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S-Enjoy Service Group Co (HKSE:01755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » S-Enjoy Service Group Co Ltd (HKSE:01755) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Lane 388, Zhongjiang Road, 12th Floor, Xincheng Holdings Tower B, Putuo, Shanghai, CHN

Website

https://www.xinchengyue.com

S-Enjoy Service Group Co Ltd is a investment holding company it operates through subsidiaries are principally engaged in property management service provider. It provides a range of property management services and value-added services for property developers, residents, and tenants. Services offered by the company include equipment maintenance, security services, cleaning services, gardening, public area maintenance. It operates in four segments: property management services, value-added services, developer-related value-added services, community-related value-added services, and smart community services. The company primarily operates in China.

Executives

Wang Zhenhua
Chen Ting Sen (ptc) Limited	2301 Trustee
Infinity Fortune Development Limited	2201 Interest of corporation controlled by you
First Priority Group Limited	2201 Interest of corporation controlled by you
Innovative Hero Limited	2101 Beneficial owner
Wealth Zone Hong Kong Investments Limited	2201 Interest of corporation controlled by you

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