Wing Lee Development Construction Holdings (HKSE:09639) Accounts Receivable : HK$20.6 Mil (As of Sep. 2024)

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What is Wing Lee Development Construction Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wing Lee Development Construction Holdings's accounts receivables for the quarter that ended in Sep. 2024 was HK$20.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wing Lee Development Construction Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 9.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wing Lee Development Construction Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was HK$-0.20.

Wing Lee Development Construction Holdings Accounts Receivable Historical Data

The historical data trend for Wing Lee Development Construction 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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Wing Lee Development Construction Holdings Accounts Receivable Chart

Wing Lee Development Construction Holdings Annual Data

Trend

Mar22

Mar23

Mar24

Accounts Receivable

60.91

36.95

48.19

Wing Lee Development Construction Holdings Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	60.91	36.95	-	48.19	20.59

Wing Lee Development Construction Holdings Accounts Receivable Calculation

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

Wing Lee Development Construction 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.

Wing Lee Development Construction Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.586	/	400.813	*	91
=	9.37

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

Wing Lee Development Construction Holdings'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)
=	(32.27	+	0.75 * 20.586	+	0.5 * 0.413	-	244.555
-	0	-	0)	/	1000.000
=	-0.20

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.

Wing Lee Development Construction Holdings Accounts Receivable Related Terms

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Wing Lee Development Construction Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Lee Development Construction Holdings Ltd (HKSE:09639) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Room A6, 16th Floor, TML Tower, Tsuen Wan, Hong Kong, HKG

Website

https://www.winglee.com.hk

Wing Lee Development Construction Holdings Ltd is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. Its civil engineering works specialize in site formation works and road and drainage works, and its electrical cable engineering works specialize in cable trenching, laying and jointing works. For solar PV system works, the company specializes in the design, installation and maintenance works of solar PV systems. The majority of revenue is derived from civil engineering works.

Executives

Chan Lo Man	2201 Interest of corporation controlled by you
Chen Caiyun	2202 Interest of your spouse
Lam Yan Ki Maggie	2202 Interest of your spouse
Liu Ying	2202 Interest of your spouse
Rong Li Lv Se Fa Zhan You Xian Gong Si	2101 Beneficial owner
Yiu Wang Lee	2201 Interest of corporation controlled by you
Yiu Wang Lung	2201 Interest of corporation controlled by you

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