Evergreen Products Group (HKSE:01962) Accounts Receivable : HK$214.9 Mil (As of Dec. 2023)

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What is Evergreen Products Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Evergreen Products Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$214.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Evergreen Products Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 78.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Evergreen Products Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.41.

Evergreen Products Group Accounts Receivable Historical Data

The historical data trend for Evergreen Products Group'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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Evergreen Products Group Accounts Receivable Chart

Evergreen Products Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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183.61

194.02

234.65

195.49

214.93

Evergreen Products Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial													234.65	225.40	195.49	289.88	214.93

Evergreen Products Group Accounts Receivable Calculation

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

Evergreen Products 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.

Evergreen Products Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	214.926	/	500.047	*	91
=	78.44

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

Evergreen Products Group'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)
=	(90.583	+	0.75 * 214.926	+	0.5 * 521.359	-	786.466
-	0	-	-6.526)	/	655.652
=	-0.41

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.

Evergreen Products Group Accounts Receivable Related Terms

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Evergreen Products Group (HKSE:01962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Evergreen Products Group Ltd (HKSE:01962) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-32 Kung Yip Street, 11th Floor, Chiap Luen Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.epfhk.com

Evergreen Products Group Ltd is a manufacturer of hair goods. The group designs, manufacture and sell a wide range of hair goods made with synthetic fibers and human hair, including wigs, hairpieces, braids, and high-end human hair extensions. It boasts a comprehensive product portfolio targeted at different ethnic groups and the Halloween market. Its geographical segments are the United States, China, Bangladesh, United Kingdom, Japan, Germany, and others, of which the majority of its revenue comes from Bangladesh.

Executives

Seavi Advent Investments Ltd	2101 Beneficial owner
Clc Investment Worldwide Limited	2201 Interest of corporation controlled by you
Evergreen Enterprise Holdings Limited	2101 Beneficial owner
Fc Investment Worldwide Limited	2201 Interest of corporation controlled by you
Golden Evergreen Limited	2201 Interest of corporation controlled by you
Hsbc International Trustee Limited	2301 Trustee
Chang Yoe Chong Felix	2101 Beneficial owner
Wong Hor Yan	2202 Interest of your spouse
Chang Chih Lung	2307 Founder of a discretionary trust who can infl
Precision Global Capital Management Llc	2102 Investment manager

Evergreen Products Group (HKSE:01962) Headlines

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