Sundy Service Group Co (HKSE:09608) Accounts Receivable : HK$242.7 Mil (As of Jun. 2024)

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What is Sundy Service Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sundy Service Group Co's accounts receivables for the quarter that ended in Jun. 2024 was HK$242.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sundy Service Group Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 349.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sundy Service Group Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.05.

Sundy Service Group Co Accounts Receivable Historical Data

The historical data trend for Sundy Service Group Co'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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Sundy Service Group Co Accounts Receivable Chart

Sundy Service Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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19.03

35.20

137.14

198.32

221.25

Sundy Service Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial								200.01	198.32	188.90	221.25	242.65

Sundy Service Group Co Accounts Receivable Calculation

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

Sundy Service Group Co 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.

Sundy Service Group Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	242.653	/	126.604	*	91
=	349.78

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

Sundy Service Group Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(168.184	+	0.75 * 242.653	+	0.5 * 10.036	-	168.13
-	0	-	6.894)	/	3840
=	0.05

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.

Sundy Service Group Co Accounts Receivable Related Terms

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Sundy Service Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sundy Service Group Co Ltd (HKSE:09608) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

127, Hanghai Road, Jianggan district, Zhejiang province, Hangzhou, CHN

Website

https://www.songdufuwu.com

Sundy Service Group Co Ltd through its subsidiaries is principally engaged in property development and sales of properties. The company's Property management services primarily consist of security, cleaning, gardening, repair and maintenance of common areas and common facilities and ancillary services. The portfolio of the Group's managed properties comprises residential properties and non-residential properties. Its segments include Property management services and the corresponding value-added services; Hotel business services; and Long-term rental apartment business. The company's majority of the revenue is generated from property management services.

Executives

Antopex Limited	2306 Nominee for another person
Cmb Wing Lung (trustee) Limited	2301 Trustee
Wang Xiangyu	2201 Interest of corporation controlled by you
Lin Mingqing	2201 Interest of corporation controlled by you
Dong Nan Ming Qing Gong Ying Lian Xia Men You Xian Gong Si	2201 Interest of corporation controlled by you
Dong Nan Ming Qing Gong Ying Lian Fu Yang You Xian Gong Si	2201 Interest of corporation controlled by you
Yu Jianwu	2307 Founder of a discretionary trust who can infl
Shang Hai Ming Jin Guo Ji Mao Yi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ming Jin Xin Neng Yuan Kai Fa You Xian Gong Si	2201 Interest of corporation controlled by you
Fu Yang Ming Jin Xin Neng Yuan Kai Fa You Xian Gong Si	2101 Beneficial owner
Shun Ji Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Song Dou He Ye You Xian Gong Si	2101 Beneficial owner
Yu Jian Wu

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