Wah Wo Holdings Group (HKSE:09938) Accounts Receivable : HK$74.5 Mil (As of Sep. 2024)

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What is Wah Wo Holdings Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wah Wo Holdings Group's accounts receivables for the quarter that ended in Sep. 2024 was HK$74.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wah Wo Holdings Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 56.08.

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

Wah Wo Holdings Group Accounts Receivable Historical Data

The historical data trend for Wah Wo Holdings 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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Wah Wo Holdings Group Accounts Receivable Chart

Wah Wo Holdings Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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30.69

95.32

60.41

51.58

47.28

Wah Wo Holdings Group Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial									69.31	51.58	52.28	47.28	74.49

Wah Wo Holdings Group Accounts Receivable Calculation

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

Wah Wo Holdings 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.

Wah Wo Holdings 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
=	74.485	/	242.384	*	91
=	56.08

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

Wah Wo Holdings 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)
=	(39.833	+	0.75 * 74.485	+	0.5 * 0	-	141.885
-	0	-	0)	/	1000.000
=	-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.

Wah Wo Holdings Group Accounts Receivable Related Terms

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Wah Wo Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wah Wo Holdings Group Ltd (HKSE:09938) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

36–40 Tai Lin Pai Road, Flat A & D, 4th Floor, Phase 1, Kwai Shing Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.wahwoalum.com

Wah Wo Holdings Group Ltd is engaged in facade works focusing on the window in Hong Kong. The works can be classified into windows, window wall systems, curtain wall systems, and other facade members. It provides design and build services for new buildings and renovation services for built premises and rental of investment properties. Its services generally include developing designs, conducting structural calculations and preparing shop drawings, management and coordination of various aspects of a project which involve procurement of building materials from material suppliers and/or subcontracting of installation works to its subcontractors, on-site project management and post-project completion and maintenance services.

Executives

Ornate Bright Limited	2101 Beneficial owner
Chen Yuet Wa	2201 Interest of corporation controlled by you
Wong Chun Siu	2202 Interest of your spouse

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