Wisdomcome Group Holdings (HKSE:08079) Accounts Receivable : HK$1.55 Mil (As of Mar. 2024)

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What is Wisdomcome Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wisdomcome Group Holdings's accounts receivables for the quarter that ended in Mar. 2024 was HK$1.55 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wisdomcome Group Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$0.05.

Wisdomcome Group Holdings Accounts Receivable Historical Data

The historical data trend for Wisdomcome Group Holdings'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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Wisdomcome Group Holdings Accounts Receivable Chart

Wisdomcome Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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7.01

13.66

13.23

12.82

1.55

Wisdomcome Group Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															12.82	-	14.76	1.55	1.99

Wisdomcome Group Holdings Accounts Receivable Calculation

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

Wisdomcome Group Holdings 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.

Wisdomcome Group Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.551	/	0	*	91
=

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

Wisdomcome Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(9.983	+	0.75 * 1.551	+	0.5 * 8.539	-	14.292
-	0	-	-0.245)	/	25.932
=	0.05

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.

Wisdomcome Group Holdings Accounts Receivable Related Terms

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Wisdomcome Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Wisdomcome Group Holdings Ltd (HKSE:08079) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Sheung Yuet Road, Unit 502, 5th Floor, Eastmark, Kowloon Bay, Hong Kong, HKG

Website

http://www.ecrepay.com

Wisdomcome Group Holdings Ltd is an investment holding company mainly engaged in the wholesale and retail of groceries. Along with subsidiaries, the Company operates its business through two segments. The Retail and Wholesale segment is principally involved in the groceries retail and wholesale, frozen foods, and coupons, Retail groceries mainly include frozen soup, frozen seafood, personal care products, and stationery. The Money Lending segment is mainly engaged in the money lending business. In addition, the Company is also engaged in financial instruments and quoted shares investment business. All of the group's operations are located in Hong Kong.

Executives

Chan Tsz Hong	2106 Person having a security interest in shares
Li Yung	2101 Beneficial owner
Cheng Sai Chit Luke	2101 Beneficial owner
Arab Osman Mohammed	2104 Agent
Lai Wing Lun	2104 Agent
Toprich Elite Limited	2106 Person having a security interest in shares
Ip Clayton	2106 Person having a security interest in shares
Nb Management Services Limited	2106 Person having a security interest in shares
Ruima Group Limited	2106 Person having a security interest in shares
Leung Lisa	2201 Interest of corporation controlled by you
Best Richest Management Company Limited	2101 Beneficial owner
Chan Yan Tak	2201 Interest of corporation controlled by you
Chan Hung Kai	2101 Beneficial owner
Raffaello Opportunity Fund	2101 Beneficial owner
Tsang Kin Wai	2201 Interest of corporation controlled by you

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