New Concepts Holdings (HKSE:02221) Accounts Receivable : HK$153.6 Mil (As of Sep. 2024)

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What is New Concepts Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Concepts Holdings's accounts receivables for the quarter that ended in Sep. 2024 was HK$153.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New Concepts Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 77.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Concepts Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was HK$-0.40.

New Concepts Holdings Accounts Receivable Historical Data

The historical data trend for New Concepts 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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New Concepts Holdings Accounts Receivable Chart

New Concepts Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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171.68

134.58

109.75

92.43

110.96

New Concepts Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															156.88	92.43	81.70	110.96	153.63

New Concepts Holdings Accounts Receivable Calculation

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

New Concepts 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.

New Concepts Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	153.628	/	362.293	*	91
=	77.39

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

New Concepts Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(53.386	+	0.75 * 153.628	+	0.5 * 11.151	-	747.036
-	0	-	61.992)	/	1606.132
=	-0.40

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.

New Concepts Holdings Accounts Receivable Related Terms

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New Concepts Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » New Concepts Holdings Ltd (HKSE:02221) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Wang Chiu Road, Kingston International Centre, Office B, 3rd Floor, Kowloon Bay, Hong Kong, HKG

Website

http://www.primeworld-china.com

New Concepts Holdings Ltd is an investment holding company, which majorly focuses on foundation works, civil engineering, and general building services, and environmental protection projects, including kitchen waste treatment, environmental park development, and new energy materials in Mainland China. The company's operating segment includes Construction works and Environmental protection services. It generates maximum revenue from the Construction works segment. The Construction work segment is engaged in the provision of foundation works, civil engineering works, and general building works in Hong Kong. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Mainland China.

Executives

Yuan Heng Qi Ye Guan Li Shen Zhen Ji Tuan You Xian Gong Si
Zhu Yongjun
Yuan Heng Group International Co., Limited
Lin Jiakuang
Final Destination Limited	2201 Interest of corporation controlled by you
Ding Yi Feng Holdings Group International Limited	2201 Interest of corporation controlled by you
Hong Kong Toprich Investment Limited	2101 Beneficial owner
Flying Goddess Limited	2201 Interest of corporation controlled by you
Eternity Sky Limited	2201 Interest of corporation controlled by you
Prosper Power Group Limited
Chu Shu Cheong
Jumbo Grand Enterprise Development Limited
China Investment Fund Company Limited	2201 Interest of corporation controlled by you
Flying Goddess Limited	2201 Interest of corporation controlled by you
Hong Kong Toprich Investment Limited	2101 Beneficial owner

New Concepts Holdings Headlines

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