Synagistics (HKSE:02562) Accounts Receivable : HK$108.8 Mil (As of Dec. 2024)

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What is Synagistics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Synagistics's accounts receivables for the quarter that ended in Dec. 2024 was HK$108.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Synagistics's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 33.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Synagistics's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-1.23.

Synagistics Accounts Receivable Historical Data

The historical data trend for Synagistics'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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Synagistics Accounts Receivable Chart

Synagistics Annual Data

Trend

Dec22

Dec23

Dec24

Accounts Receivable

115.67

99.34

108.82

Synagistics Semi-Annual Data
	Dec22	Dec23	Dec24
Accounts Receivable	115.67	99.34	108.82

Synagistics Accounts Receivable Calculation

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

Synagistics 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.

Synagistics's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	108.824	/	586.349	*	91
=	33.87

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

Synagistics'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)
=	(275.782	+	0.75 * 108.824	+	0.5 * 2.205	-	891.161
-	0	-	-0.109)	/	434.157
=	-1.23

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.

Synagistics Accounts Receivable Related Terms

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Synagistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synagistics Ltd (HKSE:02562) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Jalan Pemimpin, No. 05-07, M38, Singapore, SGP, 577178

Website

https://www.synagie.com

Synagistics Ltd is the Data-Driven Digital Solutions Platform in Southeast Asia. It provides integrated digital solutions to its brand partners, where (1) under its direct-to-brands (D2B) business model, it provides data-driven digital solutions to the brands covering all aspects of e-commerce, and (2) under its direct-to-consumers (D2C) business model, it sells the brands' products to consumers directly.

Executives

Lee Shieh-peen Clement	2201 Interest of corporation controlled by you
Gobi Ventures Asean	2201 Interest of corporation controlled by you
Extra Shine Limited	2101 Beneficial owner
Tai Ho Yan	2201 Interest of corporation controlled by you
Metadrome Ltd.	2101 Beneficial owner
Wang Chuan-chung	2201 Interest of corporation controlled by you
Taklamakan Holdings Inc.	2201 Interest of corporation controlled by you
Meranti Asean Growth Fund L.p.	2101 Beneficial owner
Chan Tak Lam Norman	2201 Interest of corporation controlled by you
Alibaba Investment Limited	2201 Interest of corporation controlled by you
Alibaba.com Limited	2201 Interest of corporation controlled by you
Alibaba.com Investment Holding Limited	2201 Interest of corporation controlled by you
Alibaba.com International (cayman) Holding Limited	2201 Interest of corporation controlled by you
Alibaba.com Holding Limited	2201 Interest of corporation controlled by you
Alibaba Singapore Holding Private Limited	2101 Beneficial owner

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