Bowen Fintech (LSE:BWN) Accounts Receivable : £0.00 Mil (As of Oct. 2023)

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What is Bowen Fintech Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bowen Fintech's accounts receivables for the quarter that ended in Oct. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bowen Fintech's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was £0.03.

Bowen Fintech Accounts Receivable Historical Data

The historical data trend for Bowen Fintech'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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Bowen Fintech Accounts Receivable Chart

Bowen Fintech Annual Data

Trend

Apr22

Apr23

Accounts Receivable

0.01

Bowen Fintech Semi-Annual Data
	Apr22	Oct22	Apr23	Oct23
Accounts Receivable	-	-	0.01	-

Bowen Fintech Accounts Receivable Calculation

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

Bowen Fintech 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.

Bowen Fintech's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

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

Bowen Fintech's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=	(1.589	+	0.75 * 0	+	0.5 * 0	-	0.017
-	0	-	0)	/	55
=	0.03

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.

Bowen Fintech Accounts Receivable Related Terms

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Bowen Fintech (LSE:BWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bowen Fintech PLC (LSE:BWN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Ince Gordon Dadds LLP, 2 Leman Street, Aldgate Tower, London, GBR, E1 8QN

Website

https://www.ukbowen.com

Bowen Fintech PLC objective is to undertake an acquisition of a target company or asset in the technology innovations sector with a particular focus on the financial services industry.