HSC Resources Group (HKSE:01850) Accounts Receivable : HK$53.9 Mil (As of Oct. 2023)

HSC Resources Group Accounts Receivable Chart

HSC Resources Group Annual Data
	Trend	Apr15	Apr16	Apr17	Apr18	Apr19	Apr20	Apr21	Apr22	Apr23
Accounts Receivable		Get a 7-Day Free Trial				33.35	41.30	33.97	19.46	23.40

HSC Resources Group Semi-Annual Data
	Apr15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Accounts Receivable	Get a 7-Day Free Trial												10.62	19.46	25.64	23.40	53.89

HSC Resources Group Accounts Receivable Calculation

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

HSC Resources Group 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.

HSC Resources Group's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

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

HSC Resources Group's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is calculated as:

* 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.

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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HSC Resources Group (HKSE:01850) Business Description