Oriental Payment Group Holdings (HKSE:08613) Accounts Receivable : HK$13.32 Mil (As of Sep. 2023)

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What is Oriental Payment Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Oriental Payment Group Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$13.32 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Oriental Payment Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 235.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Oriental Payment Group Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.02.

Oriental Payment Group Holdings Accounts Receivable Historical Data

The historical data trend for Oriental Payment Group 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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Oriental Payment Group Holdings Accounts Receivable Chart

Oriental Payment Group Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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42.97

5.63

0.16

0.52

8.33

Oriental Payment Group 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															0.47	-	8.33	-	13.32

Oriental Payment Group Holdings Accounts Receivable Calculation

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

Oriental Payment Group 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.

Oriental Payment Group 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
=	13.32	/	5.159	*	91
=	235.60

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

Oriental Payment Group 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)
=	(6.907	+	0.75 * 13.32	+	0.5 * 0	-	51.559
-	0	-	0)	/	1898.11
=	-0.02

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.

Oriental Payment Group Holdings Accounts Receivable Related Terms

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Oriental Payment Group Holdings (HKSE:08613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Oriental Payment Group Holdings Ltd (HKSE:08613) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Choei Phuang Alley, Vibhavadi Rangsit Road, 24th Floor, A5 Zone, TST Building, Chatuchak District, Bangkok Metropolis, Bangkok, THA, 10900

Website

http://www.ocg.com.hk

Oriental Payment Group Holdings Ltd is an investment holding company mainly engaged in merchant acquiring business. The company is engaged in merchant acquiring business in Thailand. It provides payment processing services to merchants of all sizes. Geographically, it derives a majority of revenue from Thailand. It mainly generates revenue from its Merchant acquiring service, marketing and distribution service and Environmental, Social and Governance reporting and consultancy services on ESG.

Executives

Metagate Investment Spc	2101 Beneficial owner
Rainbow Capital Limited	2201 Interest of corporation controlled by you
Choy Hok Man	2101 Beneficial owner
Gold Track Ventures Limited	2101 Beneficial owner
Tsang Chi Kit	2201 Interest of corporation controlled by you
Yu Chun Fai	2201 Interest of corporation controlled by you
Straum Investments Limited	2101 Beneficial owner
Mobile Technology Holdings Limited	2101 Beneficial owner
Choi Hiu Wa	2202 Interest of your spouse
Rainbow Elite International Limited	2101 Beneficial owner
Lam Hak Ha Jasper	2201 Interest of corporation controlled by you
Sui Xiao Chun	2101 Beneficial owner
Original Fortune Group Limited	2101 Beneficial owner
Sung Hak Keung, Andy	2201 Interest of corporation controlled by you
China Smartpay Group Holdings Limited	2201 Interest of corporation controlled by you

Oriental Payment Group Holdings (HKSE:08613) Headlines

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