SPHL (Springview Holdings) Accounts Receivable : $0.10 Mil (As of Jun. 2024)

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What is Springview Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Springview Holdings's accounts receivables for the quarter that ended in Jun. 2024 was $0.10 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Springview Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 4.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Springview Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.28.

Springview Holdings Accounts Receivable Historical Data

The historical data trend for Springview Holdings'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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Springview Holdings Accounts Receivable Chart

Springview Holdings Annual Data

Trend

Dec22

Dec23

Accounts Receivable

0.36

0.35

Springview Holdings Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	-	0.36	0.39	0.35	0.10

Springview Holdings Accounts Receivable Calculation

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

Springview Holdings 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.

Springview Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.095	/	3.67	*	91
=	4.72

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

Springview Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.114	+	0.75 * 0.095	+	0.5 * 0	-	3.306
-	0	-	0)	/	11.25
=	-0.28

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.

Springview Holdings Accounts Receivable Related Terms

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Springview Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Springview Holdings Ltd (NAS:SPHL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

203 Henderson Road, No.06-01, Henderson Industrial Park, Singapore, SGP, 159546

Website

https://www.springviewggl.com

Springview Holdings Ltd is a company that conducts its operations through its indirect wholly-owned subsidiary which designs and constructs residential and commercial buildings in Singapore. It also provides four main types of works which includes new construction, reconstruction, Additions and Alterations (A&A), and other general contracting services such as renovation and design consultation.

Springview Holdings Headlines

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Springview Holdings Ltd Announces Closing of Initial Public Offering

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