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ISP Global (HKSE:08487) Accounts Receivable : HK$18.7 Mil (As of Dec. 2024)


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What is ISP Global Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ISP Global's accounts receivables for the quarter that ended in Dec. 2024 was HK$18.7 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. ISP Global's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.01.


ISP Global Accounts Receivable Historical Data

The historical data trend for ISP Global'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.

ISP Global Accounts Receivable Chart

ISP Global Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 8.37 21.85 43.58 21.26 27.71

ISP Global 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.26 - 27.00 27.71 18.75

ISP Global Accounts Receivable Calculation

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


ISP Global 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.

ISP Global's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=18.746/0*91
=

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

ISP Global'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)
=(53.299+0.75 * 18.746+0.5 * 56.333-112.238
-0--9.643)/1046.628
=-0.01

* 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.


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.


ISP Global Accounts Receivable Related Terms

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ISP Global Business Description

Traded in Other Exchanges
N/A
Address
43rd Floor, Central Plaza, Suite 4302, 18 Harbour Road, Wanchai, Hong Kong, HKG
ISP Global Ltd is a sound and communication services provider in Singapore. The company is engaged in the sale of sound and communication systems and related services; integrated services of sound and communication systems, with a focus on design, customization, and installation of sound and communication systems in buildings and alert alarm system services. The Group has two business segments: e-commerce operation; and sale and provision of integrated services of networking, sound and communication systems. The firm's revenue is mainly derived from the PRC.
Executives
Cao Chunmeng 2101 Beneficial owner
Yau Chong Wa 2101 Beneficial owner
Yau Siu Yuk 2202 Interest of your spouse
Lux Aeterna Global Fund Spc - Lux Aeterna Asia Credit Opportunities Sp 2101 Beneficial owner
Li Chao 2106 Person having a security interest in shares
Cai Linzhou 2101 Beneficial owner

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