YH Entertainment Group (HKSE:02306) Accounts Receivable : HK$76.8 Mil (As of Dec. 2024)

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What is YH Entertainment Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. YH Entertainment Group's accounts receivables for the quarter that ended in Dec. 2024 was HK$76.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. YH Entertainment Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 31.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. YH Entertainment Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$0.60.

YH Entertainment Group Accounts Receivable Historical Data

The historical data trend for YH Entertainment Group'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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YH Entertainment Group Accounts Receivable Chart

YH Entertainment Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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96.00

130.81

145.11

104.66

76.78

YH Entertainment Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial				145.11	125.46	104.66	79.10	76.78

YH Entertainment Group Accounts Receivable Calculation

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

YH Entertainment Group 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.

YH Entertainment Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	76.778	/	445.505	*	91
=	31.45

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

YH Entertainment Group'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)
=	(1139.043	+	0.75 * 76.778	+	0.5 * 7.429	-	698.853
-	0	-	0.476)	/	834.561
=	0.60

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.

YH Entertainment Group Accounts Receivable Related Terms

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YH Entertainment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » YH Entertainment Group (HKSE:02306) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 28, Chuangyuan Road, Room 6006, 6/F, Building One, Chaoyang District, Beijing, CHN

Website

https://www.yuehuamusic.com

YH Entertainment Group is an artist management company in China. The company has grown into a cultural and entertainment platform whose business covers the whole lifecycle of artist management, including artist training, artist operation, and artist promotion. The Company's business model consists of the following three business lines which are artist management, music IP production and operation, and pan-entertainment business. The Group mainly operates its business in the PRC.

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