Cornerstone Technologies Holdings (HKSE:08391) Accounts Receivable : HK$34.6 Mil (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Cornerstone Technologies Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cornerstone Technologies Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$34.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cornerstone Technologies Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 120.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cornerstone Technologies Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.07.

Cornerstone Technologies Holdings Accounts Receivable Historical Data

The historical data trend for Cornerstone Technologies 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.

* Premium members only.

Cornerstone Technologies Holdings Accounts Receivable Chart

Cornerstone Technologies Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

19.88

17.07

7.64

16.83

34.63

Cornerstone Technologies Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															16.83	-	27.27	-	34.63

Cornerstone Technologies Holdings Accounts Receivable Calculation

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

Cornerstone Technologies 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.

Cornerstone Technologies Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	34.625	/	26.183	*	91
=	120.67

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

Cornerstone Technologies Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(23.381	+	0.75 * 34.625	+	0.5 * 6.123	-	114.704
-	0	-	-0.008)	/	886.239
=	-0.07

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.

Cornerstone Technologies Holdings Accounts Receivable Related Terms

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

Cornerstone Technologies Holdings (HKSE:08391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cornerstone Technologies Holdings Ltd (HKSE:08391) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Science Museum Road, Office Units 1107 - 11, 11th Floor, New East Ocean Centre, Kowloon - District, Hong Kong, HKG

Website

https://www.cstl.com.hk

Cornerstone Technologies Holdings Ltd is an investment holding company. It is a printing services provider which principally engages in the provisions of printing, typesetting and translation services in Hong Kong. The group is also engaged in supplying EV integrated charging solutions, including central management system, hub for e-payment, load management system and license plate recognition system to electric vehicle and smart parking. It derives prime revenue from the Printing business.

Executives

Wu Jianwei	2101 Beneficial owner
Liang Zihao	2101 Beneficial owner
Global Fortune Global Limited	2101 Beneficial owner
Tanner Enterprises Group Limited	2201 Interest of corporation controlled by you
Glorytwin Limited	2101 Beneficial owner
Wu Yanyan	2101 Beneficial owner
Li Man Keung Edwin	2201 Interest of corporation controlled by you
Gateway Capital (hong Kong) Limited	2102 Investment manager
Gaw Growth Equity Fund I Gp Limited	2201 Interest of corporation controlled by you
Abax Asian Structured Private Credit Fund 2022, Lp	2101 Beneficial owner
Abax Global Capital Gp 2022 Ltd.	2201 Interest of corporation controlled by you
Lau Wai Yan Lawson	2101 Beneficial owner

Cornerstone Technologies Holdings (HKSE:08391) Headlines

No Headlines