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Top KingWin (Top KingWin) Accounts Receivable : $0.50 Mil (As of Dec. 2023)


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What is Top KingWin Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Top KingWin's accounts receivables for the quarter that ended in Dec. 2023 was $0.50 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. Top KingWin's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.15.

Top KingWin Accounts Receivable Historical Data

The historical data trend for Top KingWin'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.

* Premium members only.

Top KingWin Accounts Receivable Chart

Top KingWin Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
0.73 0.92 0.10 0.50

Top KingWin Quarterly Data
Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial - 0.85 0.10 1.18 0.50

Top KingWin Accounts Receivable Calculation

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

Top KingWin 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.

Top KingWin's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.504/0*91
=

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

Top KingWin's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(4.619+0.75 * 0.504+0.5 * 0-2.832
-0-0)/14.75
=0.15

* 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.

Top KingWin Accounts Receivable Related Terms

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Top KingWin (Top KingWin) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Top KingWin Ltd (NAS:TCJH) » Definitions » Accounts Receivable
Comparable Companies
MEGL BTCS ATIF MIGI COHN BETS OLKR SAI PHIL CRMZ MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
Traded in Other Exchanges
N/A
Address
Donghuan Street, No. 555, North Panyu Avenue, Room 1304, Building No. 25, Tian’an Headquarters Center, Panyu District, Guangdong Province, Guangzhou, CHN, 511400
Website
Top KingWin Ltd operates as a corporate business training and consulting company, providing personal and management training and financial consulting services. It provides a number of essential business services in China to young and emerging companies including corporate business training services, which mainly focus on advanced knowledge and new perspectives on the capital markets; corporate consulting services, which mainly focus on various aspects of fundraising, and advisory and transaction services. Its main clients are entrepreneurs and executives in China's small and medium enterprises (SMEs).

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