LC Logistics (HKSE:02490) Accounts Receivable : HK$98 Mil (As of Dec. 2023)

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What is LC Logistics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LC Logistics's accounts receivables for the quarter that ended in Dec. 2023 was HK$98 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LC Logistics's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LC Logistics's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.10.

LC Logistics Accounts Receivable Historical Data

The historical data trend for LC Logistics'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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LC Logistics Accounts Receivable Chart

LC Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

139.07

381.16

166.55

97.63

LC Logistics Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	139.07	381.16	166.55	97.63

LC Logistics Accounts Receivable Calculation

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

LC Logistics 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	97.631	/	1354.613	*	91
=	13.15

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

LC Logistics'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)
=	(233.678	+	0.75 * 97.631	+	0.5 * 5.888	-	307.444
-	0	-	32.28)	/	286.269
=	-0.10

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.

LC Logistics Accounts Receivable Related Terms

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LC Logistics (HKSE:02490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN

Website

http://www.burnasia.cn

LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.

Executives

Li Yan	2201 Interest of corporation controlled by you
Liu Quanxiang	2201 Interest of corporation controlled by you
Xu Xin	2201 Interest of corporation controlled by you
Grand Sailing Limited	2201 Interest of corporation controlled by you
Lecang Altitude Limited	2101 Beneficial owner
Glorious Sailing Limited	2101 Beneficial owner
Lecang Flourishing Limited	2101 Beneficial owner
Spring Wealth Limited	2201 Interest of corporation controlled by you
Lecang Shining Limited	2101 Beneficial owner
Peace Seaworld Limited	2201 Interest of corporation controlled by you

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