Autostreets Development (HKSE:02443) Accounts Receivable : HK$15.7 Mil (As of Dec. 2024)

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What is Autostreets Development Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Autostreets Development's accounts receivables for the quarter that ended in Dec. 2024 was HK$15.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Autostreets Development's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 12.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Autostreets Development's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$0.94.

Autostreets Development Accounts Receivable Historical Data

The historical data trend for Autostreets Development'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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Autostreets Development Accounts Receivable Chart

Autostreets Development Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

11.51

14.81

17.82

15.66

Autostreets Development Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			14.81	-	17.82	26.23	15.66

Autostreets Development Accounts Receivable Calculation

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

Autostreets Development 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.663	/	231.986	*	91
=	12.32

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

Autostreets Development'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)
=	(1120.948	+	0.75 * 15.663	+	0.5 * 0	-	333.87
-	0	-	12.016)	/	832.662
=	0.94

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.

Autostreets Development Accounts Receivable Related Terms

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Autostreets Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Autostreets Development Ltd (HKSE:02443) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhenbei Road, No. 2251, 6th Floor, Kailong Center, Putuo District, Shanghai, CHN

Website

http://www.autostreets.com

Autostreets Development Ltd is engaged in used vehicle transaction service provider. It connects used vehicle buyers and sellers through its transaction platform in two auction formats, namely online-offline integrated auction and online auction. It had 79 auction sites located in 74 cities and offered offline services in 317 cities across China. It generates all of its revenues from PRC China.

Executives

Guang Hui Qi Che Fu Wu Ji Tuan Gu Fen Gong Si Guang Hui Qi Che Fu Wu Gu Fen Gong Si	2201 Interest of corporation controlled by you
World Key Investment Trading Limited	2101 Beneficial owner
Yang Hansong	2201 Interest of corporation controlled by you
Yang Aihua	2307 Founder of a discretionary trust who can infl
Extensive Prosperous Investments Limited	2101 Beneficial owner
Extensive Success Holding Limited	2201 Interest of corporation controlled by you
Orient Rich Investment Development Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Han Zhuoheng	2201 Interest of corporation controlled by you
Zhuoheng Holding Limited	2101 Beneficial owner
China Grand Automotive Services Group Co., Ltd.	2201 Interest of corporation controlled by you
Cox Automotive, Inc.	2201 Interest of corporation controlled by you
Cox Enterprises, Inc.	2201 Interest of corporation controlled by you
Manheim Investments, Inc.	2101 Beneficial owner

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