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Easy Smart Group Holdings (HKSE:02442) Accounts Receivable : HK$65.1 Mil (As of Dec. 2024)


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What is Easy Smart Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Easy Smart Group Holdings's accounts receivables for the quarter that ended in Dec. 2024 was HK$65.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Easy Smart Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 64.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Easy Smart Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$0.13.

Easy Smart Group Holdings Accounts Receivable Historical Data

The historical data trend for Easy Smart Group 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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Easy Smart Group Holdings Accounts Receivable Chart

Easy Smart Group Holdings Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Accounts Receivable
11.53 17.33 12.07 17.22 11.21

Easy Smart Group Holdings Semi-Annual Data
Jun20 Jun21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Accounts Receivable Get a 7-Day Free Trial - 17.22 50.83 11.21 65.06

Easy Smart Group Holdings Accounts Receivable Calculation

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

Easy Smart Group 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.

Easy Smart Group 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
=65.061/183.166*91
=64.82

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

Easy Smart Group 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)
=(22.523+0.75 * 65.061+0.5 * 0-16.332
-0-0)/408.000
=0.13

* 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.

Easy Smart Group Holdings Accounts Receivable Related Terms

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Easy Smart Group Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Easy Smart Group Holdings Ltd (HKSE:02442) » Definitions » Accounts Receivable
Comparable Companies
HKSE:06663 HKSE:02239 HKSE:02885 HKSE:02086 HKSE:01162 HKSE:08379 HKSE:08051 HKSE:08315 HKSE:01850 HKSE:03882 OSTO:ASSA B TSE:9735 ALLE OSTO:SECU B SZSE:002236 ADT MSA GEO BCO TSE:2331
Traded in Other Exchanges
N/A
Address
135-137 Tung Chau Street, Unit A, 10th Floor, Ming Tak Centre, Kowloon, Hong Kong, HKG
Website
https://www.easysmart.com.hk
Easy Smart Group Holdings Ltd operates as a subcontractor specializing in passive fire protection works in Hong Kong. Its passive fire protection works generally involve the design, selection, procurement, and installation of appropriate materials and components in a building to reduce or prevent the spread and effects of fire, heat, or smoke without requiring detection or activation upon detection. The Group has two principal activities: the provision of passive fire protection works and the provision of passive fire protection information services.
Executives
Lofty Profit Investments Limited 2101 Beneficial owner
Ng Wing Woon Dave 2201 Interest of corporation controlled by you
Wong Kwai Ying 2202 Interest of your spouse

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