Zibuyu Group (HKSE:02420) Accounts Receivable : HK$152 Mil (As of Dec. 2023)

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What is Zibuyu Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zibuyu Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$152 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zibuyu Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 15.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zibuyu Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.38.

Zibuyu Group Accounts Receivable Historical Data

The historical data trend for Zibuyu 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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Zibuyu Group Accounts Receivable Chart

Zibuyu Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

211.06

197.38

145.99

196.44

152.21

Zibuyu Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			145.99	211.86	196.44	217.84	152.21

Zibuyu Group Accounts Receivable Calculation

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

Zibuyu 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.

Zibuyu Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	152.209	/	1777.39	*	91
=	15.63

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

Zibuyu Group'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)
=	(303.496	+	0.75 * 152.209	+	0.5 * 436.908	-	448.086
-	0	-	0)	/	500
=	0.38

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.

Zibuyu Group Accounts Receivable Related Terms

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Zibuyu Group (HKSE:02420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zibuyu Group Ltd (HKSE:02420) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 410, No. 108, Xincheng Road, Nanyuan Street, Linping District, Zhejiang Province, Hangzhou, CHN

Website

https://www.zbycorp.com

Zibuyu Group Ltd is an investment holding company and its subsidiaries are engaged in focusing on the sale of apparel and footwear products through third-party e-commerce platforms across china. It designs apparel, footwear and other products, procure products manufactured in accordance with its design and on OEM basis from selected OEM suppliers, and subsequently sell such products to customers globally through a combination of third-party e-commerce platforms and its self-operated online stores. Its sales channels consisted of Amazon, Wish, other third-party e-commerce platforms such as eBay and AliExpress, and its self-operated online stores.

Executives

Wang Shijian
Hua Bingru	2201 Interest of corporation controlled by you
Yu Feng	2201 Interest of corporation controlled by you
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