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ZX (HKSE:09890) Accounts Receivable : HK$253 Mil (As of Dec. 2024)


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What is ZX Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ZX's accounts receivables for the quarter that ended in Dec. 2024 was HK$253 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ZX's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 18.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ZX's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-3.45.

ZX Accounts Receivable Historical Data

The historical data trend for ZX'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.

* Premium members only.

ZX Accounts Receivable Chart

ZX Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
263.16 331.94 476.63 339.83 253.25

ZX Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Accounts Receivable Get a 7-Day Free Trial 476.63 - 339.83 308.41 253.25

ZX Accounts Receivable Calculation

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

ZX 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.

ZX's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=253.245/2513.659*91
=18.39

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

ZX'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)
=(1345.18+0.75 * 253.245+0.5 * 3.051-3353.14
-0-26.191)/534.440
=-3.45

* 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.

ZX Accounts Receivable Related Terms

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ZX Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ZX Inc (HKSE:09890) » Definitions » Accounts Receivable
Comparable Companies
HKSE:00799 HKSE:00777 HKSE:00434 HKSE:02660 HKSE:06633 HKSE:01119 HKSE:02100 HKSE:03798 HKSE:09990 HKSE:06820 TSE:7974 NTES RBLX TTWO EA TSE:9766 TSE:3659 XKRX:259960 TSE:9697 SZSE:002602
Traded in Other Exchanges
N/A
Address
No. 9 Olympic Stadium South Road, Tanwan Game Building, Building B, Synaesthesia Thinking Industrial Park, Tianhe, Guangdong, Guangzhou, CHN
Website
https://www.zx.com
ZX Inc is a publisher of online game products in China. It is devoted to marketing and operating online games (in particular mobile games) in China. The online games developed by its clients marketed and operated by the company are delivered to players under the Tan Wan brand. The company has enabled the marketing and operation of game products. Its geographic markets are Mainland China and Hong Kong. It generates revenue from marketing and operating online games and consumer product business, including sales of private-label and local-flavor rice noodle products and other fast consumer foods under the brand Zha Zha Hui.
Executives
Wu Xuan 2307 Founder of a discretionary trust who can infl
Zela Holding Limited 2201 Interest of corporation controlled by you
Hanssen Trust Limited 2301 Trustee
Wu Xubo 2307 Founder of a discretionary trust who can infl
Tmf (cayman) Ltd. 2301 Trustee
Wxland Holding Limited 2201 Interest of corporation controlled by you
Wxland International Ltd 2101 Beneficial owner
Wxland Limited 2201 Interest of corporation controlled by you
Trident Trust Company (hk) Limited 2301 Trustee
Wxzela International Ltd 2101 Beneficial owner
Chen Yang 2201 Interest of corporation controlled by you
Wxworld Holding Limited 2101 Beneficial owner

ZX Headlines

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