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MOG Digitech Holdings (HKSE:01942) Accounts Receivable : HK$136.4 Mil (As of Sep. 2022)


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What is MOG Digitech Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MOG Digitech Holdings's accounts receivables for the quarter that ended in Sep. 2022 was HK$136.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MOG Digitech Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 70.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MOG Digitech Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was HK$0.23.


MOG Digitech Holdings Accounts Receivable Historical Data

The historical data trend for MOG Digitech 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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MOG Digitech Holdings Accounts Receivable Chart

MOG Digitech Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21
Accounts Receivable
2.08 2.45 0.38 0.91 0.25

MOG Digitech Holdings Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.66 0.25 0.22 269.06 136.44

MOG Digitech Holdings Accounts Receivable Calculation

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


MOG Digitech 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.

MOG Digitech Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=136.441/353.58*91
=70.42

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

MOG Digitech Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=(178.551+0.75 * 136.441+0.5 * 42.977-151.783
-0-11.593)/598.993
=0.23

* 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.


MOG Digitech Holdings Accounts Receivable Related Terms

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MOG Digitech Holdings (HKSE:01942) Business Description

Traded in Other Exchanges
N/A
Address
No. 8655, 9 Shihua East Road, 84 Western Style Villa, Guangdong, Zhuhai, CHN, 519015
MOG Digitech Holdings Ltd is an investment holding company. It offers a wide range of optical products including lenses, frames, contact lenses, and sunglasses from international brands. Its operating segment includes Digital retail payment solutions hardware trading business, Sales of optical products, Franchise and license management, E-commerce, and Financing services. The company generates the majority of its revenue from the Digital retail payment solutions hardware trading business.

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