360 Ludashi Holdings (HKSE:03601) Accounts Receivable : HK$252 Mil (As of Jun. 2024)

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What is 360 Ludashi Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 360 Ludashi Holdings's accounts receivables for the quarter that ended in Jun. 2024 was HK$252 Mil.

Accounts receivable can be measured by Days Sales Outstanding. 360 Ludashi Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 57.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. 360 Ludashi Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$1.88.

360 Ludashi Holdings Accounts Receivable Historical Data

The historical data trend for 360 Ludashi 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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360 Ludashi Holdings Accounts Receivable Chart

360 Ludashi Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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95.71

63.57

61.06

42.66

85.54

360 Ludashi Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial									47.61	42.66	87.52	85.54	251.92

360 Ludashi Holdings Accounts Receivable Calculation

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

360 Ludashi 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.

360 Ludashi Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	251.919	/	798.93	*	91
=	57.55

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), 360 Ludashi Holdings's accounts receivable are only considered to be worth 75% of book value:

360 Ludashi Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(460.421	+	0.75 * 251.919	+	0.5 * 0.609	-	139.401
-	0	-	4.229)	/	269
=	1.88

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.

360 Ludashi Holdings Accounts Receivable Related Terms

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360 Ludashi Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 360 Ludashi Holdings Ltd (HKSE:03601) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1268 Tianfu Avenue, 11th Floor, 11-24 Tianfu Software Site E1, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

https://www.ludashi.com

360 Ludashi Holdings Ltd is a hardware and system benchmarking and monitoring solutions provider for PC and mobile devices in China. The company derives revenue from two business lines, namely online traffic monetization and electronic device sales. The online traffic monetization revenue is derived from online advertising services, online game platforms, and the operation of exclusive licensed online game business. The revenue from electronic device sales mainly includes revenue from sales of smart accessories. The firm derives a majority of its revenue from online traffic monetization.

Executives

True Thrive Limited	2101 Beneficial owner
Dashi Technology Holdings Limited	2101 Beneficial owner
Tian Ye	2201 Interest of corporation controlled by you
360 Security Technology Inc.	2201 Interest of corporation controlled by you
Tianjin Qixin Zhicheng Technology Company Limited	2201 Interest of corporation controlled by you
Zhou Hongyi	2201 Interest of corporation controlled by you
Shanghai Dongfangwang Stock Company Limited	2201 Interest of corporation controlled by you
Shanghai Songheng Network Technology Company Limited	2201 Interest of corporation controlled by you
360 Technology Group Co., Ltd.	2201 Interest of corporation controlled by you
True Thrive Limited	2101 Beneficial owner
Hong Kong Songyuan International Limited	2201 Interest of corporation controlled by you
Shanghai Gaoxin Computer System Company Limited	2201 Interest of corporation controlled by you
Songchang International Limited	2101 Beneficial owner

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