Leading Holdings Group (HKSE:06999) Accounts Receivable : HK$45 Mil (As of Dec. 2023)

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What is Leading Holdings Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Leading Holdings Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$45 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Leading Holdings Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Leading Holdings Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-21.15.

Leading Holdings Group Accounts Receivable Historical Data

The historical data trend for Leading Holdings 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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Leading Holdings Group Accounts Receivable Chart

Leading Holdings Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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67.64

86.37

99.29

45.64

45.21

Leading Holdings Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial						99.29	68.15	45.64	47.09	45.21

Leading Holdings Group Accounts Receivable Calculation

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

Leading Holdings 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.

Leading Holdings 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
=	45.208	/	12543.993	*	91
=	0.66

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

Leading Holdings 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)
=	(1435.327	+	0.75 * 45.208	+	0.5 * 23131.267	-	34357.66
-	0	-	400.089)	/	1026.94
=	-21.15

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.

Leading Holdings Group Accounts Receivable Related Terms

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Leading Holdings Group (HKSE:06999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Leading Holdings Group Ltd (HKSE:06999) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 151, 2nd Tianfu Street, Leading International Finance Center, 46th Floor, Tower A, Gaoxin District, Sichuan Province, Chengdu, CHN

Website

https://www.leading-group.com

Leading Holdings Group Ltd is focused on the development and sale of residential and commercial properties. In addition, the group holds a portion of commercial properties for investment purpose and are engaged in the hotel management business. Further, it also provides project management services. It operates in three segments: Property development, Commercial property investment, and operations, and Hotel operations, of which the majority of its revenue comes from the Property development segment. Its operations are conducted in Mainland China.

Executives

Liu Yuhui	2201 Interest of corporation controlled by you
Chen Ao Ao	2202 Interest of your spouse
Hou Sanli	2201 Interest of corporation controlled by you
Lan Tian	2202 Interest of your spouse
Liu Ce	2201 Interest of corporation controlled by you
Liu Haowei	2201 Interest of corporation controlled by you
Liu Shan	2202 Interest of your spouse
Liu Yuqi	2202 Interest of your spouse
Long Yiqin	2201 Interest of corporation controlled by you
Wang Tao	2201 Interest of corporation controlled by you
Jin Sha Jiang Holding Limited	2101 Beneficial owner
Yue Lai Investment Limited	2101 Beneficial owner
Ling Yue Capital Holding Limited	2101 Beneficial owner
Yuan Di Capital Limited	2101 Beneficial owner

Leading Holdings Group (HKSE:06999) Headlines

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