Keep (HKSE:03650) Accounts Receivable : HK$250 Mil (As of Dec. 2023)

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What is Keep Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Keep's accounts receivables for the quarter that ended in Dec. 2023 was HK$250 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Keep's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 36.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Keep's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.96.

Keep Accounts Receivable Historical Data

The historical data trend for Keep'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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Keep Accounts Receivable Chart

Keep Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

88.92

214.29

380.04

281.05

249.69

Keep Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			380.04	-	281.05	214.60	249.69

Keep Accounts Receivable Calculation

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

Keep 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	249.687	/	1261.322	*	91
=	36.13

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

Keep'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)
=	(1932.629	+	0.75 * 249.687	+	0.5 * 132.763	-	629.57
-	0	-	0)	/	525.672
=	2.96

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.

Keep Accounts Receivable Related Terms

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Keep (HKSE:03650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Keep Inc (HKSE:03650) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Wangjing Street, Building D, Vanke Time Square, Chaoyang, Beijing, CHN

Website

https://keep.com

Keep Inc is a growing and result-oriented platform that provides users with a comprehensive fitness solution to help them achieve their fitness goals. It offers extensive and professional fitness content with AI-assisted personalized curriculums, encompassing interactive live-streaming classes and recorded fitness courses, that dynamically adjust course content and workout intensity based on users' athletic levels, fitness goals, daily workout patterns and diet. Its content is complemented by a variety of smart fitness devices, fitness gear, apparel and food, which enables seamlessly connecting the physical and digital realms to create an immersive, one-stop fitness experience.

Executives

Arrow Factory Limited	2501 Other
Trident Trust Company (hk) Limited	2501 Other
Wang Ning	2501 Other
Persistent Courage Holdings Limited	2501 Other
Softbank Vision Fund Ii-2 L.p.	2201 Interest of corporation controlled by you
Svf Ii Gp (jersey) Limited	2201 Interest of corporation controlled by you
Svf Ii Holdings (de) Llc	2201 Interest of corporation controlled by you
Svf Ii Investment Holdings (subco) Llc	2201 Interest of corporation controlled by you
Svf Ii Investment Holdings Llc	2201 Interest of corporation controlled by you
Softbank Group Corp.	2201 Interest of corporation controlled by you
Softbank Group Overseas Gk	2201 Interest of corporation controlled by you
Svf Ii Calorie Subco (de) Llc	2101 Beneficial owner
Svf Ii Aggregator (jersey) L.p.	2201 Interest of corporation controlled by you
Sb Global Advisers Limited	2201 Interest of corporation controlled by you
Sb Global Advisers Capital Markets Limited	2201 Interest of corporation controlled by you

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