Sheung Moon Holdings (HKSE:08523) Accounts Receivable : HK$20.2 Mil (As of Sep. 2023)

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What is Sheung Moon Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sheung Moon Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$20.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sheung Moon Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 75.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sheung Moon Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.28.

Sheung Moon Holdings Accounts Receivable Historical Data

The historical data trend for Sheung Moon 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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Sheung Moon Holdings Accounts Receivable Chart

Sheung Moon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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97.53

72.03

38.74

14.36

23.80

Sheung Moon Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															40.73	-	23.80	-	20.17

Sheung Moon Holdings Accounts Receivable Calculation

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

Sheung Moon 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.

Sheung Moon Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.165	/	24.359	*	91
=	75.54

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

Sheung Moon Holdings'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)
=	(5.021	+	0.75 * 20.165	+	0.5 * 0	-	133.82
-	0	-	0)	/	400.000
=	-0.28

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.

Sheung Moon Holdings Accounts Receivable Related Terms

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Sheung Moon Holdings (HKSE:08523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sheung Moon Holdings Ltd (HKSE:08523) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 79 Wing Hong Street, Office D, 27th Floor, The Globe, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.smcl.com.hk

Sheung Moon Holdings Ltd is an investment holding company. The company is engaged in the provision of site formation works, road and drainage works, and structural works in both the public and private sectors. It generates revenue from the provision of civil engineering construction services. Geographically, it derives revenue from Hong Kong.

Executives

Chrysler Investments Limited	2101 Beneficial owner
Zhao Qing	2101 Beneficial owner
Altivo Ventures Limited	2101 Beneficial owner
Sigma Square Investment Management Limited	2201 Interest of corporation controlled by you
Tang Sze Wo	2201 Interest of corporation controlled by you
Tang Siu Fung Calvin	2201 Interest of corporation controlled by you

Sheung Moon Holdings (HKSE:08523) Headlines

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