Intelligent Group (Intelligent Group) Accounts Receivable : $0.69 Mil (As of Nov. 2023)

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What is Intelligent Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Intelligent Group's accounts receivables for the quarter that ended in Nov. 2023 was $0.69 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Intelligent Group's Days Sales Outstanding for the quarter that ended in Nov. 2023 was 79.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Intelligent Group's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $0.12.

Intelligent Group Accounts Receivable Historical Data

The historical data trend for Intelligent 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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Intelligent Group Accounts Receivable Chart

Intelligent Group Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Accounts Receivable

0.18

0.60

0.34

0.69

Intelligent Group Semi-Annual Data
	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Accounts Receivable	Get a 7-Day Free Trial			0.60	0.64	0.34	0.60	0.69

Intelligent Group Accounts Receivable Calculation

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

Intelligent 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.

Intelligent Group's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.694	/	1.59	*	91
=	79.66

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

Intelligent Group's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 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)
=	(3.24	+	0.75 * 0.694	+	0.5 * 0	-	2.182
-	0	-	0)	/	13.125
=	0.12

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.

Intelligent Group Accounts Receivable Related Terms

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Intelligent Group (Intelligent Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Intelligent Group Ltd (NAS:INTJ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Unit 2803, Level 28, Tower 1, Admiralty Centre, Admiralty, Hong Kong, HKG

Website

http://www.intelligentjoy.com

Intelligent Group Ltd is a professional services provider in Hong Kong that principally engages in the provision of Financial PR services. The company provides a substantial number of holistic and comprehensive Financial PR services to its clients through IJL, its key operating entity in Hong Kong. It advises its clients on their communications and reputation management efforts. Its Financial PR services include creating multi-stakeholder communications programs, arranging press conferences and interviews, participating in the preparation of news releases and shareholders' meetings, monitoring news publications, identifying shareholders, targeting potential investors, organizing corporate events, and implementing crisis management policies and procedures.