Flowing Cloud Technology (HKSE:06610) Accounts Receivable : HK$685 Mil (As of Dec. 2024)

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What is Flowing Cloud Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Flowing Cloud Technology's accounts receivables for the quarter that ended in Dec. 2024 was HK$685 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Flowing Cloud Technology's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 214.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Flowing Cloud Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$0.15.

Flowing Cloud Technology Accounts Receivable Historical Data

The historical data trend for Flowing Cloud Technology'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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Flowing Cloud Technology Accounts Receivable Chart

Flowing Cloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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165.67

198.19

432.47

614.17

685.32

Flowing Cloud Technology Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial				432.47	567.01	614.17	612.46	685.32

Flowing Cloud Technology Accounts Receivable Calculation

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

Flowing Cloud Technology 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.

Flowing Cloud Technology's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	685.323	/	584.373	*	91
=	214.03

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

Flowing Cloud Technology'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)
=	(173.413	+	0.75 * 685.323	+	0.5 * 0	-	413.73
-	0	-	2.914)	/	1806.146
=	0.15

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.

Flowing Cloud Technology Accounts Receivable Related Terms

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Flowing Cloud Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Flowing Cloud Technology Ltd (HKSE:06610) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangqulu No. 3, Shop 8, Jingyuan Art Center, Chaoyang District, Beijing, CHN

Website

https://www.flowingcloud.com

Flowing Cloud Technology Ltd is a supplier of the Metaverse scene application tier in China. It is a leading smart marketing technology service provider in China. It uses AR/VR engine, AI behavior algorithm, cloud computing and other technical capabilities to empower the business development of enterprises in various vertical industries such as e-commerce, education, and cultural tourism.

Executives

Brainstorming Cafe Limited	2101 Beneficial owner
Cyber Warrior Holdings Limited	2201 Interest of corporation controlled by you
Lyh. Ltd.	2201 Interest of corporation controlled by you
Vistra Trust (singapore) Pte. Limited	2301 Trustee
Wanglei Co., Ltd.	2201 Interest of corporation controlled by you
Wang Lei	2201 Interest of corporation controlled by you
Feng Da Sha	2202 Interest of your spouse
Zhang Zi Mo	2202 Interest of your spouse
Li Yan Hao	2201 Interest of corporation controlled by you
Bei Jing Tong Chuang Zhi Ming Ke Ji He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shan Dong Tong Chuang Xin Xing Zhi Lian Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

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