EuroEyes International Eye Clinic (HKSE:01846) Accounts Receivable : HK$10.8 Mil (As of Jun. 2024)

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What is EuroEyes International Eye Clinic Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EuroEyes International Eye Clinic's accounts receivables for the quarter that ended in Jun. 2024 was HK$10.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. EuroEyes International Eye Clinic's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 5.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. EuroEyes International Eye Clinic's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.42.

EuroEyes International Eye Clinic Accounts Receivable Historical Data

The historical data trend for EuroEyes International Eye Clinic'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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EuroEyes International Eye Clinic Accounts Receivable Chart

EuroEyes International Eye Clinic Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2.50

4.58

3.08

5.57

6.88

EuroEyes International Eye Clinic Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial									6.23	5.57	9.49	6.88	10.79

EuroEyes International Eye Clinic Accounts Receivable Calculation

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

EuroEyes International Eye Clinic 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.

EuroEyes International Eye Clinic's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.787	/	368.372	*	91
=	5.34

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

EuroEyes International Eye Clinic's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(689.561	+	0.75 * 10.787	+	0.5 * 17.889	-	533.76
-	0	-	32.862)	/	332.505
=	0.42

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.

EuroEyes International Eye Clinic Accounts Receivable Related Terms

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EuroEyes International Eye Clinic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EuroEyes International Eye Clinic Ltd (HKSE:01846) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Valentinskamp 90, Hamburg, DEU, 20355

Website

https://www.euroeyes.hk

EuroEyes International Eye Clinic Ltd is a laser eye surgery clinic. The firm's operating segments are the Provision of vision correction services, sales of pharmaceutical products, and Rental of ophthalmic equipment and operating spaces, Rendering of training service and Interest income. Its geographical segments are Germany, China, Denmark and UK. The Group's services include treatment of myopia, treatment of high myopia, treatment of presbyopia, and treatment of cataracts. The company generates a majority of its revenue from the provision of correction services in Germany.

Executives

Jørgensen Jørn Slot	2101 Beneficial owner
Jørgensen Susanne	2202 Interest of your spouse
Jørgensen Jørn Slot	2101 Beneficial owner
Jørgensen Susanne	2202 Interest of your spouse

EuroEyes International Eye Clinic Headlines

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