Excellence Commercial Property & Facilities Management Group (HKSE:06989) Accounts Receivable : HK$1,325 Mil (As of Dec. 2023)

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What is Excellence Commercial Property & Facilities Management Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Excellence Commercial Property & Facilities Management Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$1,325 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Excellence Commercial Property & Facilities Management Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 105.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Excellence Commercial Property & Facilities Management Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.34.

Excellence Commercial Property & Facilities Management Group Accounts Receivable Historical Data

The historical data trend for Excellence Commercial Property & Facilities Management 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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Excellence Commercial Property & Facilities Management Group Accounts Receivable Chart

Excellence Commercial Property & Facilities Management Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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424.72

546.39

634.55

1,044.92

1,325.04

Excellence Commercial Property & Facilities Management Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial						634.55	977.36	1,044.92	1,214.61	1,325.04

Excellence Commercial Property & Facilities Management Group Accounts Receivable Calculation

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

Excellence Commercial Property & Facilities Management 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.

Excellence Commercial Property & Facilities Management 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
=	1325.04	/	2283.23	*	91
=	105.91

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

Excellence Commercial Property & Facilities Management 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)
=	(2358.956	+	0.75 * 1325.04	+	0.5 * 105.836	-	1690.647
-	0	-	81.657)	/	1220.35
=	1.34

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.

Excellence Commercial Property & Facilities Management Group Accounts Receivable Related Terms

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Excellence Commercial Property & Facilities Management Group (HKSE:06989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Excellence Commercial Property & Facilities Management Group Ltd (HKSE:06989) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuhua Third Road, 38Ath Floor, Tower 4, Excellence Century Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.excepm.com

Excellence Commercial Property & Facilities Management Group Ltd is a commercial property management service provider in China. The company's projects included commercial properties, public and industrial properties, and residential properties. It operates in three segments namely Finance services, Other services, and Property management services that provide basic property management services or system supply and installation services to property developers, property owners, and tenants, and value-added services to such customers, including asset services which includes preliminary property consulting services, property leasing and sales agency services, asset-light property operation services and space operation services, and corporate services.

Executives

Xiao Xingping	2202 Interest of your spouse
Li Xiaoping	2101 Beneficial owner
Li Wa	2201 Interest of corporation controlled by you
Oriental Rich Holdings Group Limited	2201 Interest of corporation controlled by you
Urban Hero Investments Limited	2101 Beneficial owner
Ever Rainbow Holdings Limited	2101 Beneficial owner
Autumn Riches Limited	2101 Beneficial owner
Li Yuan	2201 Interest of corporation controlled by you

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