Smart-Core Holdings (HKSE:02166) Accounts Receivable : HK$863 Mil (As of Jun. 2024)

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What is Smart-Core Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Smart-Core Holdings's accounts receivables for the quarter that ended in Jun. 2024 was HK$863 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Smart-Core Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 60.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Smart-Core Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.16.

Smart-Core Holdings Accounts Receivable Historical Data

The historical data trend for Smart-Core 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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Smart-Core Holdings Accounts Receivable Chart

Smart-Core Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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1,102.30

1,879.45

1,189.80

645.78

644.94

Smart-Core Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															1,189.80	1,101.49	645.78	862.97	644.94

Smart-Core Holdings Accounts Receivable Calculation

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

Smart-Core 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.

Smart-Core Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	862.967	/	2623.869	*	91
=	60.02

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

Smart-Core Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=	(192.984	+	0.75 * 862.967	+	0.5 * 179.893	-	1009.051
-	0	-	0.198)	/	488.681
=	-0.16

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.

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Smart-Core Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Smart-Core Holdings Ltd (HKSE:02166) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 15th Floor, Tower B, Regent Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.smart-core.com.hk

Smart-Core Holdings Ltd is a distributor of integrated circuits and other electronic components and technology value-added service providers covering multiple market segments such as televisions (TV), optoelectronic displays, smart terminals, memory, security monitoring, Internet of Things (IoT), optical communications. Its service networks cover the majority of regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support, and software services. Its segments include Authorised distribution and Independent distribution. It makes the majority of the revenue from the Authorised distribution segment.

Executives

Futu Trustee Limited	2301 Trustee
Insight Limited	2101 Beneficial owner
Liu Hongbing	2101 Beneficial owner
Wong Tsz Leung	2201 Interest of corporation controlled by you
Smart Ic Limited
Tian Weidong

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