Natural Food International Holding (HKSE:01837) Accounts Receivable : HK$239 Mil (As of Dec. 2024)

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What is Natural Food International Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Natural Food International Holding's accounts receivables for the quarter that ended in Dec. 2024 was HK$239 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Natural Food International Holding's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 38.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Natural Food International Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$0.50.

Natural Food International Holding Accounts Receivable Historical Data

The historical data trend for Natural Food International Holding'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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Natural Food International Holding Accounts Receivable Chart

Natural Food International Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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196.59

213.07

218.52

236.12

239.24

Natural Food International Holding Semi-Annual Data
	Dec15	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													218.52	196.40	236.12	201.66	239.24

Natural Food International Holding Accounts Receivable Calculation

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

Natural Food International Holding 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.

Natural Food International Holding's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	239.243	/	1140.257	*	91
=	38.29

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

Natural Food International Holding'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)
=	(1188.15	+	0.75 * 239.243	+	0.5 * 100.984	-	338.553
-	0	-	0)	/	2176.107
=	0.50

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.

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Natural Food International Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Natural Food International Holding Ltd (HKSE:01837) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yuehei Street, No. 8 Haitian 1st Road, 7th Floor, West Tower, Baidu International Building, Binhai Community, Nanshan District, Shenzhen, CHN

Website

http://www.szwgmf.com

Natural Food International Holding Ltd is a natural health food company. Along with its subsidiaries, the company is engaged in processing and selling natural health food in the People's Republic of China. The group sells its products through an extensive network of offline concessionary counters as well as online channels, including e-commerce platforms and self-operated WeChat member stores, of which the majority of revenue is derived through sales made by offline channels. Geographically, the company generates a majority of its revenue from the People's Republic of China.

Executives

Beadvance Investments Limited	2101 Beneficial owner
Yang Guangning	2201 Interest of corporation controlled by you
Gui Changqing
Zhang Zejun
Yang Zhuoya	2201 Interest of corporation controlled by you
Pepsico, Inc.	2101 Beneficial owner
Paddy Aroma Investment Limited
Trident Trust Company (hk) Limited	2301 Trustee
Tian Ran Zi Ben Kong Gu You Xian Gong Si

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