Meihao Medical Group Co (HKSE:01947) Accounts Receivable : HK$1.17 Mil (As of Jun. 2023)

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What is Meihao Medical Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Meihao Medical Group Co's accounts receivables for the quarter that ended in Jun. 2023 was HK$1.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Meihao Medical Group Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 5.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Meihao Medical Group Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$0.15.

Meihao Medical Group Co Accounts Receivable Historical Data

The historical data trend for Meihao Medical 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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Meihao Medical Group Co Accounts Receivable Chart

Meihao Medical Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.96

0.84

0.74

0.58

0.86

Meihao Medical Group Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.74	-	0.58	1.17	0.86

Meihao Medical Group Co Accounts Receivable Calculation

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

Meihao Medical 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.

Meihao Medical Group Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.165	/	38.266	*	91
=	5.56

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

Meihao Medical Group Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(161.362	+	0.75 * 1.165	+	0.5 * 2.564	-	74.34
-	0	-	0.417)	/	600
=	0.15

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.

Meihao Medical Group Co Accounts Receivable Related Terms

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Meihao Medical Group Co (HKSE:01947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihao Medical Group Co Ltd (HKSE:01947) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

197 Fuqian Street, Lucheng District, Zhejiang Province, Wenzhou, CHN

Website

https://www.meihaomedical.com

Meihao Medical Group Co Ltd is a dental service provider in Wenzhou. It offers services to individuals, covering principally four dental sectors namely, general dentistry, reparative dentistry, implant dentistry, and orthodontics and cosmetic dentistry.

Executives

Wang Xiaomin
Zheng Man
Jian Chi Kang Zhong Guo You Xian Gong Si	2101 Beneficial owner
Mei Hao Zhong Guo You Xian Gong Si	2101 Beneficial owner
Rui Kang Zhong Guo You Xian Gong Si	2101 Beneficial owner

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