Harbour Equine Holdings (HKSE:08377) Accounts Receivable : HK$7.53 Mil (As of Jun. 2024)

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What is Harbour Equine Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Harbour Equine Holdings's accounts receivables for the quarter that ended in Jun. 2024 was HK$7.53 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. Harbour Equine Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.10.

Harbour Equine Holdings Accounts Receivable Historical Data

The historical data trend for Harbour Equine 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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Harbour Equine Holdings Accounts Receivable Chart

Harbour Equine Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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10.40

10.03

16.03

16.00

7.60

Harbour Equine Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial															-	9.83	-	7.60	7.53

Harbour Equine Holdings Accounts Receivable Calculation

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

Harbour Equine 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.

Harbour Equine Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.53	/	0	*	91
=

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

Harbour Equine Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(4.087	+	0.75 * 7.53	+	0.5 * 7.053	-	53.238
-	0	-	0)	/	409.142
=	-0.10

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.

Harbour Equine Holdings Accounts Receivable Related Terms

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Harbour Equine Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Harbour Equine Holdings Ltd (HKSE:08377) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 386 Zeng Nan Road, Zeng Jiao Cun, Fang Cun, Liwan District, Guangzhou, CHN

Website

https://www.harbourequine.com

Harbour Equine Holdings Ltd is a textile manufacturing company. It is engaged in the manufacturing and selling of sewing threads and board categories of garment accessories, provision of interior design, interior decoration, and furnishing services, and provision of trading of bloodstock, stallion services, and equine handling services, provision of securities, advising on corporate finance and assets management. It also offers other types of sewing threads, namely textured polyester series, elastic filament sewing threads, and weft yarn. Its segments are the manufacturing and selling of sewing threads, Interior design and decoration, Equine services, and Advising on securities, corporate finance, and asset management. It generates the majority of revenue from Hong Kong.

Executives

Three Gates Investment Limited	2101 Beneficial owner
Wong Kwok Wai Albert	2201 Interest of corporation controlled by you
Fung Wing Cheung Tony	2101 Beneficial owner
Gold-face Finance Limited	2106 Person having a security interest in shares
Upbest Group Limited	2201 Interest of corporation controlled by you

Harbour Equine Holdings Headlines

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