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Desun Real Estate Investment Services Group Co (HKSE:02270) Accounts Receivable : HK$202.5 Mil (As of Dec. 2024)


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What is Desun Real Estate Investment Services Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Desun Real Estate Investment Services Group Co's accounts receivables for the quarter that ended in Dec. 2024 was HK$202.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Desun Real Estate Investment Services Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 138.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Desun Real Estate Investment Services Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.46.


Desun Real Estate Investment Services Group Co Accounts Receivable Historical Data

The historical data trend for Desun Real Estate Investment Services 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.

* Premium members only.

Desun Real Estate Investment Services Group Co Accounts Receivable Chart

Desun Real Estate Investment Services Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial 42.32 109.82 127.19 180.28 202.48

Desun Real Estate Investment Services Group Co Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 127.19 161.01 180.28 174.76 202.48

Desun Real Estate Investment Services Group Co Accounts Receivable Calculation

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


Desun Real Estate Investment Services 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.

Desun Real Estate Investment Services Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=202.48/267.34*91
=138.22

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

Desun Real Estate Investment Services Group Co'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)
=(185.019+0.75 * 202.48+0.5 * 25.604-598.67
-0-5.752)/553.254
=-0.46

* 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.


Desun Real Estate Investment Services Group Co Accounts Receivable Related Terms

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Desun Real Estate Investment Services Group Co Business Description

Traded in Other Exchanges
N/A
Address
Desun International, Room 1803, Block A, No. 1480 North Section of Tianfu Avenue High-tech, Industrial Development Zone, Chengdu, CHN
Desun Real Estate Investment Services Group Co Ltd is principally engaged in the provision of property management services and value-added services to property and non-property owners in China. The company's majority of the revenue is generated in the PRC region.
Executives
Pengna Holding Limited 2103 Interests held jointly with another person
Sky Donna Holding Limited 2101 Beneficial owner
Zou Jian 2103 Interests held jointly with another person
Zou Kang 2101 Beneficial owner
Futu Trustee Limited 2301 Trustee

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