South China Vocational Education Group Co (HKSE:06913) Accounts Receivable : HK$9.9 Mil (As of Dec. 2024)

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What is South China Vocational Education Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. South China Vocational Education Group Co's accounts receivables for the quarter that ended in Dec. 2024 was HK$9.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. South China Vocational Education Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 4.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. South China Vocational Education Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.40.

South China Vocational Education Group Co Accounts Receivable Historical Data

The historical data trend for South China Vocational Education Group 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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South China Vocational Education Group Co Accounts Receivable Chart

South China Vocational Education Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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8.50

7.30

8.67

5.49

9.88

South China Vocational Education Group Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial							8.67	1.72	5.49	3.04	9.88

South China Vocational Education Group Co Accounts Receivable Calculation

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

South China Vocational Education Group 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.

South China Vocational Education Group 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
=	9.88	/	371.396	*	91
=	4.85

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

South China Vocational Education Group 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)
=	(388.868	+	0.75 * 9.88	+	0.5 * 0	-	932.313
-	0	-	0.33)	/	1334.000
=	-0.40

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.

South China Vocational Education Group Co Accounts Receivable Related Terms

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South China Vocational Education Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » South China Vocational Education Group Co Ltd (HKSE:06913) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 492 Da Guan Zhong Road, Tianhe District, Guangdong Province, Guangzhou, CHN

Website

https://www.scvedugroup.com

South China Vocational Education Group Co Ltd is a private formal vocational education service provider. The company offers a wide range of innovative courses and provides students with practical skills through extensive and in-depth school-enterprise cooperation projects.

Executives

He Huishan	2201 Interest of corporation controlled by you
Zhou Lanqing	2201 Interest of corporation controlled by you
China Foreign Education Limited	2101 Beneficial owner
Du Wenyu	2202 Interest of your spouse
Fangyuan International Education Investment Limited	2101 Beneficial owner
He Huifen	2201 Interest of corporation controlled by you
Good Booming Limited	2101 Beneficial owner
Zhihui Guang Limited	2101 Beneficial owner
Han Liqing	2202 Interest of your spouse
He Huifang	2201 Interest of corporation controlled by you

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