Sunray Engineering Group (HKSE:08616) Accounts Receivable : HK$24.5 Mil (As of Sep. 2024)

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What is Sunray Engineering Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sunray Engineering Group's accounts receivables for the quarter that ended in Sep. 2024 was HK$24.5 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. Sunray Engineering Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was HK$-0.00.

Sunray Engineering Group Accounts Receivable Historical Data

The historical data trend for Sunray Engineering Group'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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Sunray Engineering Group Accounts Receivable Chart

Sunray Engineering Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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23.32

25.35

15.81

21.40

22.32

Sunray Engineering Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															-	18.61	-	22.32	24.51

Sunray Engineering Group Accounts Receivable Calculation

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

Sunray Engineering Group 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.

Sunray Engineering Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	24.509	/	0	*	91
=

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

Sunray Engineering Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(44.205	+	0.75 * 24.509	+	0.5 * 19.037	-	75.854
-	0	-	0)	/	1000.000
=	-0.00

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.

Sunray Engineering Group Accounts Receivable Related Terms

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Sunray Engineering Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sunray Engineering Group Ltd (HKSE:08616) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

501-503 Castle Peak Road, 5/F, International Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.sunray.com.hk

Sunray Engineering Group Ltd is an investment holding company. The company's operating segment includes the Provision of building protection works and the Supply of building protection products. The company generates maximum revenue from the Provision of building protection works segment. The company's building protection works focus on waterproofing works, and are complemented by flooring works and joint sealant works. Geographically, the company derives a majority of revenue from Hong Kong and also has a presence in Macau.

Executives

Ultra Success Industries Limited	2101 Beneficial owner
Lam Ka Wing	2201 Interest of corporation controlled by you
Wong Pui Yee Edith	2202 Interest of your spouse

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