Plus Group Holdings (HKSE:02486) Accounts Receivable : HK$302.3 Mil (As of Dec. 2023)

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What is Plus Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Plus Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$302.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Plus Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 165.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Plus Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.20.

Plus Group Holdings Accounts Receivable Historical Data

The historical data trend for Plus 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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Plus Group Holdings Accounts Receivable Chart

Plus Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

383.31

481.27

385.16

302.26

Plus Group Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			481.27	-	385.16	334.98	302.26

Plus Group Holdings Accounts Receivable Calculation

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

Plus 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	302.261	/	332.371	*	91
=	165.97

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

Plus Group Holdings'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)
=	(248.534	+	0.75 * 302.261	+	0.5 * 0	-	207.937
-	0	-	0)	/	121.702
=	2.20

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.

Plus Group Holdings Accounts Receivable Related Terms

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Plus Group Holdings (HKSE:02486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Plus Group Holdings Inc (HKSE:02486) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 652 Changshou Road, 2nd Floor–3rd Floor, Building 6, Putuo, Shanghai, CHN

Website

https://www.plscn.com

Plus Group Holdings Inc is an established digitalized sales and marketing service provider, primarily focusing on market-leading FMCG brand owners. Its services aim at digitalizing and systemizing offline commerce. The company offers four types of services, including (i) on-site solution; (ii) field force assignment; (iii) matching service; and (iv) SaaS+ subscription. Its service network has extensive coverage in terms of the scale of customers, geographical locations and types of tasks. The majority of revenue is derived from the On-site solution services. The on-site solution offers solution services for customized sales and marketing activities with the set up of offline venues and event materials.

Executives

Sun Guangjun	2201 Interest of corporation controlled by you
Tan Hui	2202 Interest of your spouse
Trident Trust Company (hk) Limited	2301 Trustee
Guangjun Holdings Limited	2101 Beneficial owner
Summit Plus International Holding Limited	2201 Interest of corporation controlled by you
Guangjun Sun Holdings Limited	2101 Beneficial owner
Junshu Holdings Limited	2201 Interest of corporation controlled by you
Xia Jingtang	2201 Interest of corporation controlled by you
Yan Xiaohang	2202 Interest of your spouse
Kuwei Holdings Limited	2101 Beneficial owner
Cmb Wing Lung (trustee) Limited	2301 Trustee
Plus Group 2023 Limited	2101 Beneficial owner
Hannah Xia Holdings Limited	2101 Beneficial owner
Jonson Xia Smile Family Holdings Limited	2201 Interest of corporation controlled by you

Plus Group Holdings (HKSE:02486) Headlines

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