Topsports International Holdings (HKSE:06110) Accounts Receivable : HK$1,139 Mil (As of Aug. 2023)

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What is Topsports International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Topsports International Holdings's accounts receivables for the quarter that ended in Aug. 2023 was HK$1,139 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Topsports International Holdings's Days Sales Outstanding for the quarter that ended in Aug. 2023 was 13.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Topsports International Holdings's Net-Net Working Capital per share for the quarter that ended in Aug. 2023 was HK$-0.12.

Topsports International Holdings Accounts Receivable Historical Data

The historical data trend for Topsports International 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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Topsports International Holdings Accounts Receivable Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Accounts Receivable

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2,933.03

1,652.23

2,613.02

1,360.89

1,210.57

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Accounts Receivable	Get a 7-Day Free Trial								1,324.67	1,360.89	1,447.65	1,210.57	1,138.97

Topsports International Holdings Accounts Receivable Calculation

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

Topsports International 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.

Topsports International Holdings's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1138.974	/	15306.341	*	91
=	13.58

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

Topsports International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=	(2566.874	+	0.75 * 1138.974	+	0.5 * 6745.198	-	7543.959
-	0	-	0)	/	6201.22
=	-0.12

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.

Topsports International Holdings Accounts Receivable Related Terms

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Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

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