Parkson Retail Group (HKSE:03368) Accounts Receivable : HK$397 Mil (As of Sep. 2024)

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What is Parkson Retail Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Parkson Retail Group's accounts receivables for the quarter that ended in Sep. 2024 was HK$397 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Parkson Retail Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 46.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Parkson Retail Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was HK$-2.41.

Parkson Retail Group Accounts Receivable Historical Data

The historical data trend for Parkson Retail Group'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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Parkson Retail Group Accounts Receivable Chart

Parkson Retail Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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312.33

258.25

246.88

316.34

391.18

Parkson Retail Group Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															316.34	-	338.92	396.51	391.18

Parkson Retail Group Accounts Receivable Calculation

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

Parkson Retail Group 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.

Parkson Retail Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	396.509	/	783.373	*	91
=	46.19

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

Parkson Retail Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(1599.055	+	0.75 * 396.509	+	0.5 * 410.867	-	8381.158
-	0	-	79.609)	/	2634.532
=	-2.41

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.

Parkson Retail Group Accounts Receivable Related Terms

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Parkson Retail Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Parkson Retail Group Ltd (HKSE:03368) » Definitions » Accounts Receivable

Traded in Other Exchanges

PKSGY:USA

Address

No. 555, Loushanguan Road, 5th Floor, Metro Plaza, Changning District, Shanghai, CHN, 200051

Website

https://www.parksongroup.com.cn

Parkson Retail Group Ltd is engaged in departmental store operations. It manages a diversified collection of retail formats - including department stores, shopping malls, city outlets, supermarkets, and food & beverage outlets. The Group has one major operating segment: Retail. It operates mainly in the PRC.

Executives

Chan Chau Ha @ Chan Chow Har	2202 Interest of your spouse
Cheng Heng Jem	2201 Interest of corporation controlled by you
Parkson Holdings Berhad	2201 Interest of corporation controlled by you
Prg Corporation Limited	2101 Beneficial owner
Argyle Street Management Holdings Limited	2201 Interest of corporation controlled by you
Argyle Street Management Limited	2102 Investment manager
Chan Kin	2201 Interest of corporation controlled by you
Asm Connaught House Fund Ii Lp	2201 Interest of corporation controlled by you
Asm Connaught House General Partner Ii Limited	2201 Interest of corporation controlled by you
Bishan Street Limited	2106 Person having a security interest in shares
Wang Hsu Vivine H	2305 Beneficiary of a trust
Wang Hung Roger	2301 Trustee
Geico Holdings Limited	2201 Interest of corporation controlled by you
Golden Eagle International Retail Group Limited	2101 Beneficial owner
Wang Dorothy S L	2305 Beneficiary of a trust

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