Zhenro Services Group (HKSE:06958) Accounts Receivable : HK$293 Mil (As of Jun. 2024)

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What is Zhenro Services Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhenro Services Group's accounts receivables for the quarter that ended in Jun. 2024 was HK$293 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhenro Services Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 90.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhenro Services Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.13.

Zhenro Services Group Accounts Receivable Historical Data

The historical data trend for Zhenro 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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Zhenro Services Group Accounts Receivable Chart

Zhenro Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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322.58

380.60

315.66

338.80

365.55

Zhenro Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial									315.66	423.02	338.80	293.19	365.55

Zhenro Services Group Accounts Receivable Calculation

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

Zhenro 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.

Zhenro Services Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	293.189	/	590.092	*	91
=	90.68

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

Zhenro Services Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(592.584	+	0.75 * 293.189	+	0.5 * 0	-	938.038
-	0	-	4.587)	/	1037.500
=	-0.13

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.

Zhenro Services Group Accounts Receivable Related Terms

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Zhenro Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhenro Services Group Ltd (HKSE:06958) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 666, Shenhong Road, 1st Floor, Building No. 7, Hongqiao Zhenro Center, Minhang District, Hongqiao Business Core District, Shanghai, CHN

Website

http://www.zhenrowy.com

Zhenro Services Group Ltd is a property management service provider in China, offering diversified property management services for residential and non-residential properties. The group is principally engaged in the provision of property management services, value-added services to non-property owners, community value-added services, and commercial operational management services. The majority of revenue is derived from the property management services. Geographically it operates in Mainland China.

Executives

Shan Tian Investment Limited	2101 Beneficial owner
Li Xi	2202 Interest of your spouse
Ou Guoqiang	2201 Interest of corporation controlled by you
Ou Guowei	2201 Interest of corporation controlled by you
Warm Shine Limited	2101 Beneficial owner
Wei Qiang Kong Gu You Xian Gong Si	2101 Beneficial owner
Sunny Time International Company Limited	2101 Beneficial owner
Lin Shuying	2202 Interest of your spouse
Ou Zongrong	2201 Interest of corporation controlled by you
Wei Zheng Kong Gu You Xian Gong Si	2101 Beneficial owner
Hua Bo Mao Yi You Xian Gong Si	2101 Beneficial owner
Wei Tian Kong Gu You Xian Gong Si
Wei Yao Kong Gu You Xian Gong Si

Zhenro Services Group Headlines

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