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Dapai International Holdings Co (SGX:FP1) Accounts Receivable : S$11.13 Mil (As of Jun. 2017)


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What is Dapai International Holdings Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dapai International Holdings Co's accounts receivables for the quarter that ended in Jun. 2017 was S$11.13 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dapai International Holdings Co's Days Sales Outstanding for the quarter that ended in Jun. 2017 was 186.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dapai International Holdings Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2017 was S$-0.03.


Dapai International Holdings Co Accounts Receivable Historical Data

The historical data trend for Dapai International Holdings Co'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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Dapai International Holdings Co Accounts Receivable Chart

Dapai International Holdings Co Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.13 9.41 12.76 9.95 12.05

Dapai International Holdings Co Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.89 9.33 12.05 11.30 11.13

Dapai International Holdings Co Accounts Receivable Calculation

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


Dapai International Holdings Co 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.

Dapai International Holdings Co's Days Sales Outstanding for the quarter that ended in Jun. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=11.13/5.438*91
=186.76

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

Dapai International Holdings Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2017 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)
=(1.956+0.75 * 11.13+0.5 * 6.774-46.198
-0-0)/1190.7
=-0.03

* 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.


Dapai International Holdings Co Accounts Receivable Related Terms

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Dapai International Holdings Co (SGX:FP1) Business Description

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Dapai International Holdings Co Ltd is backpack company in China. The group designs, manufactures and sells backpacks under the DAPAI brand. Its product collections are suited for sports, fashion, business, and leisure. The company's products are targeted at the mid-range mass market consumer segment and are sold by distributor-own concessionary retail outlets in different provinces, autonomous regions and municipalities located within department stores, supermarkets and hypermarkets in China. The group's business segments are Manufacturing and sales of the backpack to distributors and retailers and Manufacturing and sales of luggage to distributors and retailers. The majority of its revenue is generated from the sales of bagpacks worldwide.

Dapai International Holdings Co (SGX:FP1) Headlines

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