Anacle Systems (HKSE:08353) Accounts Receivable : HK$17.4 Mil (As of Nov. 2023)

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What is Anacle Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Anacle Systems's accounts receivables for the quarter that ended in Nov. 2023 was HK$17.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Anacle Systems's Days Sales Outstanding for the quarter that ended in Nov. 2023 was 47.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Anacle Systems's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was HK$0.09.

Anacle Systems Accounts Receivable Historical Data

The historical data trend for Anacle Systems'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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Anacle Systems Accounts Receivable Chart

Anacle Systems Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Receivable

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27.11

34.62

43.87

22.03

26.23

Anacle Systems Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable	Get a 7-Day Free Trial															-	26.23	-	17.35	-

Anacle Systems Accounts Receivable Calculation

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

Anacle Systems 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.

Anacle Systems's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	17.354	/	33.23	*	91
=	47.65

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

Anacle Systems's Net-Net Working Capital Per Share for the quarter that ended in Nov. 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)
=	(54.396	+	0.75 * 17.354	+	0.5 * 4.096	-	33.433
-	0	-	-0.319)	/	405.28
=	0.09

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.

Anacle Systems Accounts Receivable Related Terms

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Anacle Systems (HKSE:08353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Anacle Systems Ltd (HKSE:08353) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

3 Fusionopolis Way, No. 14-21 Symbiosis, Singapore, SGP, 138633

Website

https://www.anacle.com

Anacle Systems Ltd is a Singapore-based company engaged in software development. It has three operating segments. Simplicity and MyBill segment, which is the key revenue driver, provides specific solutions for enterprise asset management, shared resources management, tenancy management, financial management, supply chain management, customer relationship management and billing management; Starlight segment provides all-time access to the energy profiles of buildings, including information such as energy consumption, power quality, energy analytics, and carbon footprint profiles; and SpaceMonster segment provides an online venue booking platform. Its geographical segments include Singapore, Malaysia, Thailand, China and others, of which the majority of the revenue comes from Singapore.

Executives

Lau E Choon Alex	2202 Interest of your spouse
Lim Lay Hong	2202 Interest of your spouse
Ong Swee Heng	2101 Beneficial owner
Ng Yen Yen	2101 Beneficial owner
Wong Poh Kam	2101 Beneficial owner
Keppel Corporation Limited	2201 Interest of corporation controlled by you
Baf Spectrum Pte. Ltd.	2101 Beneficial owner

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