A-Living Smart City Services Co (HKSE:03319) Accounts Receivable : HK$7,278 Mil (As of Dec. 2023)

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What is A-Living Smart City Services Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. A-Living Smart City Services Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$7,278 Mil.

Accounts receivable can be measured by Days Sales Outstanding. A-Living Smart City Services Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 156.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. A-Living Smart City Services Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.12.

A-Living Smart City Services Co Accounts Receivable Historical Data

The historical data trend for A-Living Smart City Services Co'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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A-Living Smart City Services Co Accounts Receivable Chart

A-Living Smart City Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,420.45

2,668.96

4,430.86

6,871.38

7,277.71

A-Living Smart City Services Co Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial												4,430.86	6,329.84	6,871.38	7,435.83	7,277.71

A-Living Smart City Services Co Accounts Receivable Calculation

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

A-Living Smart City Services Co 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.

A-Living Smart City Services Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7277.709	/	8471.249	*	91
=	156.79

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), A-Living Smart City Services Co's accounts receivable are only considered to be worth 75% of book value:

A-Living Smart City Services Co'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)
=	(6644.682	+	0.75 * 7277.709	+	0.5 * 42.13	-	10501.862
-	0	-	1789.412)	/	1420
=	-0.12

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.

A-Living Smart City Services Co Accounts Receivable Related Terms

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A-Living Smart City Services Co (HKSE:03319) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » A-Living Smart City Services Co Ltd (HKSE:03319) » Definitions » Accounts Receivable

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1V0:Germany

Address

26 Huaxia Road, 35th Floor, Agile Centre, Zhujiang New Town, Tianhe District, Guangdong Province, Guangzhou, CHN, 510623

Website

https://www.agileliving.com.cn

A-Living Smart City Services, or A-Living, is one of Hong Kong's first listed property management companies. It was spun off from parent Agile Property Holdings in 2018, with Agile retaining 54%. A-Living generates revenue from providing property management services with a focus on mid-to-high-end properties, as well as value-added services to property owners and nonproperty owners. A-Living operates in over 27 cities and regions across China, with a geographical focus in Guangdong province. Prior to listing, A-Living acquired Greenland Property Services in 2017, which accounted for significant goodwill on the balance sheet. Post listing, the company also announced the major acquisition of CMIG PM.

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