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Laopu Gold Co (HKSE:06181) Accounts Receivable : HK$855 Mil (As of Dec. 2024)


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What is Laopu Gold Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Laopu Gold Co's accounts receivables for the quarter that ended in Dec. 2024 was HK$855 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Laopu Gold Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 29.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Laopu Gold Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$6.09.

Laopu Gold Co Accounts Receivable Historical Data

The historical data trend for Laopu Gold 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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Laopu Gold Co Accounts Receivable Chart

Laopu Gold Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Accounts Receivable
127.87 111.97 411.62 855.44

Laopu Gold Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Accounts Receivable Get a 7-Day Free Trial 111.97 - 411.62 398.23 855.44

Laopu Gold Co Accounts Receivable Calculation

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

Laopu Gold 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.

Laopu Gold Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=855.436/5322.746*91
=29.33

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

Laopu Gold Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(782.23+0.75 * 855.436+0.5 * 4364.482-2579.96
-0-0)/168.367
=6.09

* 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.

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.

Laopu Gold Co Accounts Receivable Related Terms

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Laopu Gold Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laopu Gold Co Ltd (HKSE:06181) » Definitions » Accounts Receivable
Comparable Companies
HKSE:01913 HKSE:01929 HKSE:00590 HKSE:00116 HKSE:02585 HKSE:01815 HKSE:00256 HKSE:00113 HKSE:00398 HKSE:00887 XPAR:RMS XPAR:MC XSWX:CFR XPAR:CDI NSE:TITAN XPAR:KER TPR OCSE:PNDORA XSWX:UHR MIL:BC
Traded in Other Exchanges
N/A
Address
No. 1 Dong Chang’an Avenue, No. 3 West Building, Rooms 3-6, 6th floor, The Towers at Oriental Plaza, Dongcheng District, Beijing, CHN
Website
http://www.lphj.com
Laopu Gold Co Ltd is a Chinese heritage gold jewelry brand. It design, manufacture and sell pure gold jewelry which combines ancient wisdom and modern fashions. Our gold jewelry products primarily comprise pure gold jewelry and gem-set jewelry (with diamonds or other gemstones inlaid in pure gold) The company operated 33 boutiques in reputable commercial centers in 14 cities across China.
Executives
Xu Dongbo
Xu Gaoming
Beijing Hongqiao Jinji Consulting Co., Ltd.
Chen Guodong
Tianjin Jincheng Enterprise Management Consulting L.p. (limited Partnership) 2101 Beneficial owner
Huang River Investment Limited
Tencent Holdings Limited

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