China Wacan Group Co (HKSE:01920) Accounts Receivable : HK$21.8 Mil (As of Dec. 2024)

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What is China Wacan Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Wacan Group Co's accounts receivables for the quarter that ended in Dec. 2024 was HK$21.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Wacan Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 55.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Wacan Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.02.

China Wacan Group Co Accounts Receivable Historical Data

The historical data trend for China Wacan 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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China Wacan Group Co Accounts Receivable Chart

China Wacan Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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9.90

8.81

6.47

5.51

21.78

China Wacan Group Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial											6.47	8.94	5.51	7.30	21.78

China Wacan Group Co Accounts Receivable Calculation

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

China Wacan 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.

China Wacan 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
=	21.776	/	71.582	*	91
=	55.52

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

China Wacan 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)
=	(10.539	+	0.75 * 21.776	+	0.5 * 0	-	32.43
-	0	-	0)	/	312.000
=	-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.

China Wacan Group Co Accounts Receivable Related Terms

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China Wacan Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Wacan Group Co Ltd (HKSE:01920) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

28 Shanghai Street, Room 9, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG

Website

https://www.handsform.com

China Wacan Group Co Ltd formerly Hands Form Holdings Ltd is an established subcontractor in Hong Kong and principally engaged in the provision of wet trades work and other wet trades-related ancillary works and the provision of construction information technology services. Wet trades works include plastering on floors, walls, and ceilings, tile laying on internal and external walls and floors, bricklaying, and marble works. The company's segment includes Construction services and Construction IT services. It generates maximum revenue from the Construction services segment.

Executives

Chu Chui Ling	2106 Person having a security interest in shares
Ultra Accord Limited	2106 Person having a security interest in shares
China Alliance Venture Limited	2101 Beneficial owner
Zhou Zhenlin	2201 Interest of corporation controlled by you
Cheung Kwok Fai Adam	2201 Interest of corporation controlled by you
Wonderful Renown Limited	2101 Beneficial owner
Cheung Lai Chun	2103 Interests held jointly with another person
Chan Shui King	2202 Interest of your spouse

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