AM Group Holdings (HKSE:01849) Accounts Receivable : HK$115.1 Mil (As of Dec. 2023)

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What is AM Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AM Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$115.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AM Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 236.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AM Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.02.

AM Group Holdings Accounts Receivable Historical Data

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

AM Group Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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23.18

20.92

89.35

104.15

117.13

AM Group Holdings Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial										95.88	104.15	149.63	117.13	115.12

AM Group Holdings Accounts Receivable Calculation

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

AM 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.

AM 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
=	115.116	/	88.692	*	91
=	236.87

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

AM 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)
=	(81.393	+	0.75 * 115.116	+	0.5 * 0	-	148.58
-	0	-	36.197)	/	800
=	-0.02

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.

AM Group Holdings Accounts Receivable Related Terms

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AM Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AM Group Holdings Ltd (HKSE:01849) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No.12 - 51/52, Paya Lebar Square, Singapore City, SGP, 409051

Website

https://www.amgroupholdings.com

AM Group Holdings Ltd is engaged in providing online marketing services in Singapore. The company's segment consists of Search engine marketing services, Creative and technology services, Social media marketing services, and Online e-commerce platform operations. The company generates the majority of its revenue from the Online e-commerce platform operation segment which is engaged in technical services, commission for transaction proceeds, and marketing services on the online e-commerce platform in the PRC.

Executives

Yeung Kelvin	2101 Beneficial owner
Teo Li Lian	2202 Interest of your spouse
Sim Hak Chor	2101 Beneficial owner
Activa Media Investment Limited	2101 Beneficial owner
Teo Kuo Liang	2201 Interest of corporation controlled by you

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