Colour Life Services Group Co (HKSE:01778) Accounts Receivable : HK$799 Mil (As of Dec. 2024)

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What is Colour Life Services Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Colour Life Services Group Co's accounts receivables for the quarter that ended in Dec. 2024 was HK$799 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Colour Life Services Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 139.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Colour Life Services Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.05.

Colour Life Services Group Co Accounts Receivable Historical Data

The historical data trend for Colour Life Services 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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Colour Life Services Group Co Accounts Receivable Chart

Colour Life Services Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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648.42

609.66

631.29

712.93

799.18

Colour Life Services Group Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															631.29	800.11	712.93	980.15	799.18

Colour Life Services Group Co Accounts Receivable Calculation

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

Colour Life Services 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.

Colour Life Services Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	799.176	/	1042.937	*	91
=	139.85

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

Colour Life Services Group Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 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)
=	(1061.393	+	0.75 * 799.176	+	0.5 * 0	-	1532.625
-	0	-	207.676)	/	1492.857
=	-0.05

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.

Colour Life Services Group Co Accounts Receivable Related Terms

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Colour Life Services Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Colour Life Services Group Co Ltd (HKSE:01778) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Tairan 7th Road, 10th Floor, Tower B, The Platinum Tower, Futian District, Shenzhen, CHN, 518000

Website

http://www.colourlife.hk

Colour Life Services Group Co Ltd is a China-based company that provides property management and community services in China. The company operates in two segments namely the Property management services, which include: provision of services for communities under lump sum basis, provision of services for communities under commission basis, provision of pre-delivery services for property developers, and provision of consultancy services for property management companies; and Value-added services, which include: online promotion services, sales and rental assistance services, engineering services, other value-added services. The company operates in the PRC.

Executives

Fantasia Holdings Group Co., Limited	2101 Beneficial owner
Fantasy Pearl International Limited	2201 Interest of corporation controlled by you
Ice Apex Limited	2201 Interest of corporation controlled by you
Splendid Fortune Enterprise Limited	2101 Beneficial owner
Zeng Jie Baby	2201 Interest of corporation controlled by you
Delight Vision Holdings Limited	2201 Interest of corporation controlled by you
Jovial New Limited	2201 Interest of corporation controlled by you
Tfi Securities And Futures Limited	2101 Beneficial owner
Colour Success Limited	2201 Interest of corporation controlled by you
Tang Xuebin	2101 Beneficial owner

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