Evergrande Property Services Group (HKSE:06666) Accounts Receivable : HK$3,332 Mil (As of Dec. 2023)

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What is Evergrande Property Services Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Evergrande Property Services Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$3,332 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Evergrande Property Services Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 87.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Evergrande Property Services Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.42.

Evergrande Property Services Group Accounts Receivable Historical Data

The historical data trend for Evergrande Property Services Group'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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Evergrande Property Services Group Accounts Receivable Chart

Evergrande Property Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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5,468.13

3,631.83

2,446.83

3,058.70

3,332.30

Evergrande Property Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							2,446.83	6,135.54	3,058.70	3,548.41	3,332.30

Evergrande Property Services Group Accounts Receivable Calculation

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

Evergrande Property Services Group 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.

Evergrande Property Services Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3332.297	/	6936.119	*	91
=	87.68

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

Evergrande Property Services Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(2517.336	+	0.75 * 3332.297	+	0.5 * 2.587	-	8998.743
-	0	-	532.436)	/	10810.8
=	-0.42

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.

Evergrande Property Services Group Accounts Receivable Related Terms

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Evergrande Property Services Group (HKSE:06666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Evergrande Property Services Group Ltd (HKSE:06666) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EVGPF:USA

Address

No. 78, Huangpu Avenue West, Third Compartment of Room 3101, Tianhe District, Guangdong, Guangzhou, CHN, 510660

Website

https://www.evergrandeservice.com

Evergrande Property Services Group Ltd is a property management service providers in China. It manages a diverse portfolio of properties, including mid- to high-end residential properties, office buildings and commercial properties. Further, it also manages other types of properties such as theme parks, industrial parks, healthcare complexes, themed towns and schools, among others.

Executives

China Evergrande Group	2201 Interest of corporation controlled by you
Ding Yu Mei	2202 Interest of your spouse
Hui Ka Yan	2201 Interest of corporation controlled by you
Xin Xin (bvi) Limited	2201 Interest of corporation controlled by you
Anji (bvi) Limited	2201 Interest of corporation controlled by you
Ceg Holdings (bvi) Limited	2101 Beneficial owner
Shengjian (bvi) Limited	2201 Interest of corporation controlled by you

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