China Rongzhong Financial Holdings Co (HKSE:03963) Accounts Receivable : HK$8.64 Mil (As of Sep. 2023)

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What is China Rongzhong Financial Holdings Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Rongzhong Financial Holdings Co's accounts receivables for the quarter that ended in Sep. 2023 was HK$8.64 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Rongzhong Financial Holdings Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 32.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Rongzhong Financial Holdings Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.22.

China Rongzhong Financial Holdings Co Accounts Receivable Historical Data

The historical data trend for China Rongzhong Financial Holdings 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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China Rongzhong Financial Holdings Co Accounts Receivable Chart

China Rongzhong Financial Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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6.75

4.77

China Rongzhong Financial Holdings Co Semi-Annual Data
	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													6.62	6.75	6.58	4.77	8.64

China Rongzhong Financial Holdings Co Accounts Receivable Calculation

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

China Rongzhong Financial Holdings 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.

China Rongzhong Financial Holdings Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.641	/	49.197	*	91
=	32.05

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

China Rongzhong Financial Holdings Co'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)
=	(15.269	+	0.75 * 8.641	+	0.5 * 0	-	106.591
-	0	-	8.41)	/	420.759
=	-0.22

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.

China Rongzhong Financial Holdings Co Accounts Receivable Related Terms

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China Rongzhong Financial Holdings Co (HKSE:03963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Rongzhong Financial Holdings Co Ltd (HKSE:03963) » Definitions » Accounts Receivable

Comparable Companies

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Address

89 Queensway, Unit 3901, 39th floor, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.chinarzfh.com

China Rongzhong Financial Holdings Co Ltd provides financial leasing services in the People's Republic of China. It operates in two segments Leasing services which include direct leasing and operating lease; and Debt collection and credit investigation services. It also provides advisory and consultancy services to its finance lease customers. Its revenue is derived from advisory income and interest income from the loan, government incentives, and bank interest income. The majority of the company's revenue from operations is derived from the People's Republic of China.

Executives

Goldbond Group Holdings Limited	2101 Beneficial owner
Wong Yu Lung, Charles	2301 Trustee
Wong Fang Pik Chun	2301 Trustee
Kwok Gareth Wing-sien	2202 Interest of your spouse
Wong Yatyee Michelle	2305 Beneficiary of a trust
Wong Jacqueline Yue Yee	2305 Beneficiary of a trust
Xie Xiaoqing
Yong Hua International Limited
Perfect Honour Limited	2101 Beneficial owner
Yeung Nam	2202 Interest of your spouse
Lee Cheuk Yin Dannis	2101 Beneficial owner
Zhao John Huan	2201 Interest of corporation controlled by you
Silver Creation Investments Limited	2101 Beneficial owner
Hony Managing Partners Limited	2201 Interest of corporation controlled by you
Hony Group Management Limited	2201 Interest of corporation controlled by you

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