Freetech Road Recycling Technology (Holdings) (HKSE:06888) Accounts Receivable : HK$103.5 Mil (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Freetech Road Recycling Technology (Holdings) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Freetech Road Recycling Technology (Holdings)'s accounts receivables for the quarter that ended in Dec. 2023 was HK$103.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Freetech Road Recycling Technology (Holdings)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 was 49.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Freetech Road Recycling Technology (Holdings)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.10.

Freetech Road Recycling Technology (Holdings) Accounts Receivable Historical Data

The historical data trend for Freetech Road Recycling Technology (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.

* Premium members only.

Freetech Road Recycling Technology (Holdings) Accounts Receivable Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

112.15

126.50

90.37

77.48

103.51

Freetech Road Recycling Technology (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															90.37	92.84	77.48	67.56	103.51

Freetech Road Recycling Technology (Holdings) Accounts Receivable Calculation

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

Freetech Road Recycling Technology (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.

Freetech Road Recycling Technology (Holdings)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	103.505	/	379.06	*	91
=	49.83

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

Freetech Road Recycling Technology (Holdings)'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)
=	(246.688	+	0.75 * 103.505	+	0.5 * 177.335	-	472.93
-	0	-	47.953)	/	1079
=	-0.10

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.

Freetech Road Recycling Technology (Holdings) Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Freetech Road Recycling Technology (Holdings)'s Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Headlines

No Headlines