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Sinic Holdings (Group) Co (HKSE:02103) Accounts Receivable : HK$49 Mil (As of Jun. 2021)


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What is Sinic Holdings (Group) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sinic Holdings (Group) Co's accounts receivables for the quarter that ended in Jun. 2021 was HK$49 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sinic Holdings (Group) Co's Days Sales Outstanding for the quarter that ended in Jun. 2021 was 0.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sinic Holdings (Group) Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was HK$-17.45.

Sinic Holdings (Group) Co Accounts Receivable Historical Data

The historical data trend for Sinic Holdings (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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Sinic Holdings (Group) Co Accounts Receivable Chart

Sinic Holdings (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
Accounts Receivable
- - - 23.23 49.87

Sinic Holdings (Group) Co Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Accounts Receivable Get a 7-Day Free Trial - 23.23 31.60 49.87 49.38

Sinic Holdings (Group) Co Accounts Receivable Calculation

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

Sinic Holdings (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.

Sinic Holdings (Group) Co's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=49.38/13552.994*91
=0.66

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

Sinic Holdings (Group) Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 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)
=(24270.089+0.75 * 49.38+0.5 * 72934.932-110903.856
-0-12165.301)/3570.19
=-17.45

* 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.

Sinic Holdings (Group) Co Accounts Receivable Related Terms

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Sinic Holdings (Group) Co (HKSE:02103) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sinic Holdings (Group) Co Ltd (HKSE:02103) » Definitions » Accounts Receivable
Comparable Companies
HKSE:00081 HKSE:01243 HKSE:03377 HKSE:01966 HKSE:01628 HKSE:01622 HKSE:02768 HKSE:01638 HKSE:03301 HKSE:01238 SZSE:000002 HKSE:00688 HKSE:00016 HKSE:03333 HKSE:01109 HKSE:02007 SHSE:600048 HKSE:01113 HKSE:01918 SZSE:001979
Traded in Other Exchanges
N/A
Address
No. 988 ShenChang Road, 7th Floor, HongQiao Vanke Center T6, MinHang District, Shanghai, CHN
Website
http://www.sinicdc.com
Sinic Holdings (Group) Co Ltd is a Cayman Islands-based property developer. It is engaged in the development of residential and commercial properties. The company offers property development, property leasing, and the provision of management consulting services. It generates revenue through the sale of properties and mainly operates in Mainland China.
Executives
Zhang Yuanlin 2101 Beneficial owner
Wu Chengping 2202 Interest of your spouse
Honoured Ever Oriental Holdings Limited 2201 Interest of corporation controlled by you
Sinic Group Company Limited 2201 Interest of corporation controlled by you
Sinic Holdings Group Company Limited 2101 Beneficial owner
Tmf (cayman) Ltd. 2301 Trustee
Xin Hong Company Limited 2201 Interest of corporation controlled by you

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