JH Educational Technology (HKSE:01935) Accounts Receivable : HK$1.7 Mil (As of Dec. 2023)

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What is JH Educational Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JH Educational Technology's accounts receivables for the quarter that ended in Dec. 2023 was HK$1.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. JH Educational Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. JH Educational Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.44.

JH Educational Technology Accounts Receivable Historical Data

The historical data trend for JH Educational Technology'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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JH Educational Technology Accounts Receivable Chart

JH Educational Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.99

1.41

0.74

1.95

1.72

JH Educational Technology Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									0.74	0.25	1.95	0.32	1.72

JH Educational Technology Accounts Receivable Calculation

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

JH Educational Technology 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.

JH Educational Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.723	/	472.83	*	91
=	0.67

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

JH Educational Technology'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)
=	(2299.719	+	0.75 * 1.723	+	0.5 * 0	-	831.922
-	0	-	768.445)	/	1600.83
=	0.44

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.

JH Educational Technology Accounts Receivable Related Terms

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JH Educational Technology (HKSE:01935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » JH Educational Technology Inc (HKSE:01935) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 618, Liuweng Road, Liushi Town, Yueqing, CHN

Website

http://www.jheduchina.com

JH Educational Technology Inc is engaged in the provision of higher and secondary education services and related management services in the People's Republic of China (the PRC). In addition to offering higher education, it also provides education to high school students in Zhejiang province. It controls and operates three schools, namely Zhengzhou College of Economics and Business, Zhejiang Changzheng Vocational & Technical College, and Yueqing Jingyi Secondary School. Geographically company generates its revenue from China.

Executives

Feng’s Investment Holdings Limited	2101 Beneficial owner
Chen Ling Feng	2201 Interest of corporation controlled by you
Chen Shu	2201 Interest of corporation controlled by you
Chen Yu Cao	2201 Interest of corporation controlled by you
Nan Luo Qiu	2202 Interest of your spouse
Cao’s Investment Holdings Limited	2101 Beneficial owner
Chen Yu Dian	2202 Interest of your spouse
Chen Yu Chun	2201 Interest of corporation controlled by you
Zheng Sui Lan	2202 Interest of your spouse
Zhang Xu Li	2201 Interest of corporation controlled by you
Chun’s Investment Holdings Limited	2101 Beneficial owner
Zxl Investment Holdings Limited	2101 Beneficial owner
Lin Yun Ru	2202 Interest of your spouse
Shu’s Investment Holdings Limited	2101 Beneficial owner
Chen Yu Guo	2201 Interest of corporation controlled by you

JH Educational Technology (HKSE:01935) Headlines

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