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Xikang Cloud Hospital Holdings (HKSE:09686) Accounts Receivable : HK$117.0 Mil (As of Dec. 2024)


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What is Xikang Cloud Hospital Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Xikang Cloud Hospital Holdings's accounts receivables for the quarter that ended in Dec. 2024 was HK$117.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Xikang Cloud Hospital Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 62.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Xikang Cloud Hospital Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.01.

Xikang Cloud Hospital Holdings Accounts Receivable Historical Data

The historical data trend for Xikang Cloud Hospital 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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Xikang Cloud Hospital Holdings Accounts Receivable Chart

Xikang Cloud Hospital Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
147.52 210.92 230.81 172.90 117.05

Xikang Cloud Hospital Holdings Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Accounts Receivable Get a 7-Day Free Trial 230.81 - 172.90 129.26 117.05

Xikang Cloud Hospital Holdings Accounts Receivable Calculation

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

Xikang Cloud Hospital 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.

Xikang Cloud Hospital Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=117.047/344.091*91
=62.08

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

Xikang Cloud Hospital Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(851.694+0.75 * 117.047+0.5 * 18.437-952.697
-0-5.139)/841.877
=-0.01

* 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.

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.

Xikang Cloud Hospital Holdings Accounts Receivable Related Terms

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Xikang Cloud Hospital Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Xikang Cloud Hospital Holdings Inc (HKSE:09686) » Definitions » Accounts Receivable
Comparable Companies
HKSE:02415 HKSE:09886 HKSE:02251 HKSE:02361 HKSE:02159 HKSE:02576 VEEV GEHC ASX:PME DOCS TEM TSE:2413 HQY WAY HKSE:02587 BTSG NSE:IKS SZSE:300253 PRVA HKSE:02228
Traded in Other Exchanges
N/A
Address
No. 12 Huizheng Alley, No. 1-1, 1-2, 1-3, 1-4, 1-5, 2-1, Haishu District, Zhejiang Province, Ningbo, CHN
Website
https://www.xikang.com
Xikang Cloud Hospital Holdings Inc, formerly Neusoft Xikang Holdings Inc developed China's first city-specific cloud hospital platform. The company facilitates the delivery of Internet medical services, including online hospital services, remote medical services, smart family doctor services and Internet home care services. The company also provides health management services and offers smart healthcare products. The company has four operating segments: Cloud hospital platform services; Internet medical services; Health management services and Smart healthcare products. It derives maximum revenue from Health management services.
Executives
Dalian Neusoft Holdings Co., Ltd. 2201 Interest of corporation controlled by you
Shenyang Kang Ruidao Consulting Co., Ltd. 2201 Interest of corporation controlled by you
Tianjin Zengdao Management Consultancy Center (limited Partnership) 2201 Interest of corporation controlled by you
Dalian Kang Ruidao Management Consulting Centre (limited Partnership) 2201 Interest of corporation controlled by you
Neusoft Corporation 2201 Interest of corporation controlled by you
Neusoft (hk) Limited 2101 Beneficial owner
Liu Jiren 2201 Interest of corporation controlled by you
Zhang Qiping 2201 Interest of corporation controlled by you
Hony Capital Fund V, L.p. 2201 Interest of corporation controlled by you
Su Zhou Tong Yu Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Tong He Yu Cheng Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Fu Yan Chuang Ye Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Tong He Er Qi Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Yun Zhang Tou Zi Zi Xun You Xian Gong Si 2201 Interest of corporation controlled by you
Synergetic Innovation Fund Management Co., Ltd 2201 Interest of corporation controlled by you

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