SMIT Holdings (HKSE:02239) Accounts Receivable : HK$51.0 Mil (As of Dec. 2024)

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What is SMIT Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SMIT Holdings's accounts receivables for the quarter that ended in Dec. 2024 was HK$51.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SMIT Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 225.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SMIT Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$0.03.

SMIT Holdings Accounts Receivable Historical Data

The historical data trend for SMIT 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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SMIT Holdings Accounts Receivable Chart

SMIT Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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296.72

216.10

72.91

70.81

50.99

SMIT Holdings Semi-Annual Data
	Jun15	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															72.91	29.62	70.81	67.81	50.99

SMIT Holdings Accounts Receivable Calculation

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

SMIT 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.

SMIT Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	50.994	/	41.308	*	91
=	225.29

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

SMIT Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(130.593	+	0.75 * 50.994	+	0.5 * 27.409	-	160.218
-	0	-	11.45)	/	324.932
=	0.03

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.

SMIT Holdings Accounts Receivable Related Terms

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SMIT Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SMIT Holdings Ltd (HKSE:02239) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Science Park East Avenue, 1st Floor, Harbour View 2, Hong Kong Science Park Shatin, New Territories, Hong Kong, HKG

Website

https://www.smit.com.cn

SMIT Holdings Ltd is an investment holding company. The Company operates as one security device provider for pay television (TV) broadcasting access worldwide and for mobile point-of-sale (mPOS), or mPOS payment systems in China. The Company's mPOS products are designed to be used primarily by business enterprises for secure and convenient payment transactions. It sells its mPOS devices in China to hardware-based mobile payment service providers, which utilize its mPOS devices in conjunction with their own mobile applications to enable end users to make mobile payment transactions. The Company's conditional access modules, or conditional access module (CAM) products are used to provide end users with access to pay TV content.

Executives

Zhang Shiyun	2202 Interest of your spouse
Ever Expert Holdings Limited	2101 Beneficial owner
Huang Xueliang	2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Guo Wei Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

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