NVC International Holdings (HKSE:02222) Accounts Receivable : HK$384 Mil (As of Dec. 2023)

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What is NVC International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NVC International Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$384 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NVC International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 76.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NVC International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.30.

NVC International Holdings Accounts Receivable Historical Data

The historical data trend for NVC International 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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NVC International Holdings Accounts Receivable Chart

NVC International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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660.02

584.34

612.11

352.13

384.38

NVC International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	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															612.11	405.80	352.13	410.93	384.38

NVC International Holdings Accounts Receivable Calculation

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

NVC International 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.

NVC International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	384.383	/	913.309	*	91
=	76.81

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

NVC International Holdings'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)
=	(1041.593	+	0.75 * 384.383	+	0.5 * 353.284	-	698.993
-	0	-	147.059)	/	507.274
=	1.30

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.

NVC International Holdings Accounts Receivable Related Terms

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NVC International Holdings (HKSE:02222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » NVC International Holdings Ltd (HKSE:02222) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase 3, Hong Kong Science Park, Unit 705, 7th Floor, Building 20E, Pak Shek Kok, Hong Kong, HKG

Website

https://www.nvc-international.com

NVC International Holdings Ltd is engaged in the lighting industry. Its segment includes NVC brand lighting products - international market, Non-NVC brand lighting products - domestic market, and Non-NVC brand lighting products - international market It offers lighting solutions to hospitality, commercial, and corporate projects across varied industries sectors. The products offered by the company include LED Floodlights, LED Inground lights, LED Under canopy lighting, and LED Linear lighting among others. majority of the revenue of the company is generated from the United States.

Executives

Harbour Faith Enterprises Limited	2101 Beneficial owner
Chan Sin Wa Carrie	2201 Interest of corporation controlled by you
Gold Interact Investment Limited	2106 Person having a security interest in shares
Su Lixin	2101 Beneficial owner
Ye Yong
Canopy Capital Limited	2101 Beneficial owner
Harker Hall Capital Ltd.	2201 Interest of corporation controlled by you
Leap Gain Limited	2201 Interest of corporation controlled by you
Oneworld Legend Limited	2201 Interest of corporation controlled by you
Wang Keven Dun	2201 Interest of corporation controlled by you
Elec-tech International (hk) Co Ltd	2101 Beneficial owner
An Hui De Hao Run Da Dian Qi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Su Lixin	2101 Beneficial owner
Zhao Yu
Cai Sheng You Xian Gong Si

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