J-Long Group (J-Long Group) Accounts Receivable : $2.10 Mil (As of Mar. 2023)

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What is J-Long Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. J-Long Group's accounts receivables for the quarter that ended in Mar. 2023 was $2.10 Mil.

Accounts receivable can be measured by Days Sales Outstanding. J-Long Group's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 10.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. J-Long Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $0.05.

J-Long Group Accounts Receivable Historical Data

The historical data trend for J-Long 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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J-Long Group Accounts Receivable Chart

J-Long Group Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

2.95

3.05

2.10

J-Long Group Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	2.95	3.05	2.10

J-Long Group Accounts Receivable Calculation

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

J-Long 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.

J-Long Group's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.103	/	38.292	*	91
=	10.02

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

J-Long Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(6.203	+	0.75 * 2.103	+	0.5 * 5.786	-	9.258
-	0	-	0)	/	31.4
=	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.

J-Long Group Accounts Receivable Related Terms

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J-Long Group (J-Long Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG

Website

https://www.j-long.com

J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.

J-Long Group (J-Long Group) Headlines

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