Ching Lee Holdings (HKSE:03728) Accounts Receivable : HK$40.1 Mil (As of Sep. 2023)

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What is Ching Lee Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ching Lee Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$40.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ching Lee Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 16.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ching Lee Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.37.

Ching Lee Holdings Accounts Receivable Historical Data

The historical data trend for Ching Lee 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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Ching Lee Holdings Accounts Receivable Chart

Ching Lee Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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40.51

69.66

29.70

56.11

64.78

Ching Lee Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															63.58	56.11	60.23	64.78	40.05

Ching Lee Holdings Accounts Receivable Calculation

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

Ching Lee 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.

Ching Lee Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.052	/	444.981	*	91
=	16.43

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

Ching Lee Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(38.04	+	0.75 * 40.052	+	0.5 * 0	-	442.259
-	0	-	0)	/	1013
=	-0.37

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.

Ching Lee Holdings Accounts Receivable Related Terms

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Ching Lee Holdings (HKSE:03728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ching Lee Holdings Ltd (HKSE:03728) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

28 Shanghai Street, Room 203-204, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG

Website

https://www.chingleeholdings.com

Ching Lee Holdings Ltd is an investment holding company. It is engaged in providing substructure building works services, superstructure building works services and repair, maintenance, alteration and addition works services. Substructure building works refer to building works in relation to the parts of the structure below or above the ground level respectively while repair, maintenance, alteration and addition work services segment accounts for existing structing. The superstructure works projects consist of demolition and hoarding, site formation and foundation works and RMAA works services segment. Majority of the company's revenue comes from the superstructure building work services. The group is based in Hong Kong.

Executives

Ng Choi Wah

2101 Beneficial owner

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