Sunfonda Group Holdings (HKSE:01771) Accounts Receivable : HK$41 Mil (As of Dec. 2023)

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What is Sunfonda Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sunfonda Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$41 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sunfonda Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sunfonda Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-4.43.

Sunfonda Group Holdings Accounts Receivable Historical Data

The historical data trend for Sunfonda Group 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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Sunfonda Group Holdings Accounts Receivable Chart

Sunfonda Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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52.58

46.02

37.56

42.03

40.81

Sunfonda Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															37.56	45.38	42.03	51.39	40.81

Sunfonda Group Holdings Accounts Receivable Calculation

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

Sunfonda Group 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.

Sunfonda Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.806	/	6241.802	*	91
=	1.19

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

Sunfonda Group Holdings'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)
=	(836.516	+	0.75 * 40.806	+	0.5 * 1397.293	-	4222.337
-	0	-	0)	/	600
=	-4.43

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.

Sunfonda Group Holdings Accounts Receivable Related Terms

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Sunfonda Group Holdings (HKSE:01771) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sunfonda Group Holdings Ltd (HKSE:01771) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1555 Ouya 1st Road, Sunfonda Automobile Center, Beichen Avenue, Shaanxi Province, Chanba Ecological District, Xi’an, CHN, 710021

Website

https://www.sunfonda.com.cn

Sunfonda Group Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the sale and service of luxury and ultra-luxury car brands in Mainland China. The Group operates in one business unit based on its products, and has one reportable segment, which is the sale of motor vehicles and the provision of related services. In 2021, the Linxia GAC Toyota store in Gansu, the Wuhan BMW store, the Wuxi GAC Toyota store, were successively put into operation, of which the Wuhan BMW Store has the first 4S store of the Group in Central China. In addition, the Group has been authorized to set up new stores including Xi'an Porsche, Yinchuan BMW and Xining BMW and pending commencement of business.

Executives

Golden Speed Enterprises Limited
Top Wheel Limited
Win Force Enterprises Limited
Chiu Man
Wu Tak Lam
Rays Capital Partners Limited	2102 Investment manager
Ruan David Ching Chi	2201 Interest of corporation controlled by you
Asian Equity Special Opportunities Portfolio Master Fund Limited	2101 Beneficial owner

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