P.B. Group (HKSE:08331) Accounts Receivable : HK$8.31 Mil (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is P.B. Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. P.B. Group's accounts receivables for the quarter that ended in Sep. 2023 was HK$8.31 Mil.

Accounts receivable can be measured by Days Sales Outstanding. P.B. Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 50.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. P.B. Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.08.

P.B. Group Accounts Receivable Historical Data

The historical data trend for P.B. 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.

* Premium members only.

P.B. Group Accounts Receivable Chart

P.B. Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

Get a 7-Day Free Trial

4.01

7.21

7.55

8.25

12.21

P.B. Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															-	13.85	-	-	8.31

P.B. Group Accounts Receivable Calculation

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

P.B. 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.

P.B. Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.309	/	15.096	*	91
=	50.22

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

P.B. Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(43.272	+	0.75 * 8.309	+	0.5 * 5.809	-	38.991
-	0	-	0)	/	159.114
=	0.08

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.

P.B. Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of P.B. Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

P.B. Group (HKSE:08331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » P.B. Group Ltd (HKSE:08331) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Tung Lo Wan Road, Park Commercial Centre, Room 1601, 16/F, Causeway Bay, Hong Kong, HKG

Website

http://www.thepbg.com

P.B. Group Ltd is engaged in bentonite mining, production and sales of drilling mud and pelletising clay. The company is also engaged in the financial service business. It operates in two reportable segments Bentonite mining operation engaged in Bentonite mining, production and sales of drilling mud and pelletising clay; and Financial service business engaged in provision of wealth management services, money lending services and provision of financial services. It derives revenue from Bentonite mining operations.

Executives

P.b. Asia Holdings Limited	2101 Beneficial owner
Bonus Eventus Securities Limited	2101 Beneficial owner
Value Dynasty Limited	2201 Interest of corporation controlled by you
Chan Man Fung	2201 Interest of corporation controlled by you
Pui Wai Lun	2201 Interest of corporation controlled by you
Wang Jie
Zhang Qiang
P.b. Capital Advanced Fund Spc – P.b. Capital Advanced Fund 1 Segregated Portfolio
Zhuang Shibin	2101 Beneficial owner

P.B. Group (HKSE:08331) Headlines

No Headlines