Sheng Tang Holdings (HKSE:08305) Accounts Receivable : HK$26.18 Mil (As of Dec. 2024)

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What is Sheng Tang Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sheng Tang Holdings's accounts receivables for the quarter that ended in Dec. 2024 was HK$26.18 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. Sheng Tang Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.05.

Sheng Tang Holdings Accounts Receivable Historical Data

The historical data trend for Sheng Tang 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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Sheng Tang Holdings Accounts Receivable Chart

Sheng Tang Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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44.64

54.25

41.84

29.85

26.18

Sheng Tang Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															44.22	-	29.85	35.97	26.18

Sheng Tang Holdings Accounts Receivable Calculation

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

Sheng Tang 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.177	/	0	*	91
=

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

Sheng Tang Holdings'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)
=	(6.042	+	0.75 * 26.177	+	0.5 * 0	-	88.703
-	0	-	0)	/	1260.000
=	-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.

Sheng Tang Holdings Accounts Receivable Related Terms

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Sheng Tang Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sheng Tang Holdings Ltd (HKSE:08305) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

3 On Yiu Street, Unit 1901-1905, 19th Floor, Delta House, Shatin, New Territories, Hong Kong, HKG

Website

https://www.tongkee.com.hk

Sheng Tang Holdings Ltd Formerly Allurefem Holding Ltd is a multi-disciplinary contractor in Hong Kong. The company provides various services such as E&M Works, Civil Works, Steel Works, and others. It offers its services to the Construction Industry, Registers of the Buildings Department, Minor Works contractors in Class I, II, and III of all types of Specialist contractors, and others. The company's reportable segments are RMAA works projects, New construction works projects, and Corrosion protection works projects. It generates a majority of its revenue from the RMAA works projects. Geographically, the company generates the majority of its revenue from Hong Kong.

Executives

Advanced Pacific Enterprises Limited	2101 Beneficial owner
Heung Chung Sum	2201 Interest of corporation controlled by you
Xu Changcheng	2101 Beneficial owner
China Innovation Investment Limited	2101 Beneficial owner

Sheng Tang Holdings Headlines

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