GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Value Convergence Holdings Ltd (OTCPK:VCHLF) » Definitions » Accounts Receivable

Value Convergence Holdings (Value Convergence Holdings) Accounts Receivable : $40.06 Mil (As of Dec. 2023)


View and export this data going back to 2007. Start your Free Trial

What is Value Convergence Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Value Convergence Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $40.06 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. Value Convergence Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.02.


Value Convergence Holdings Accounts Receivable Historical Data

The historical data trend for Value Convergence 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.

* Premium members only.

Value Convergence Holdings Accounts Receivable Chart

Value Convergence Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.66 57.13 49.02 50.62 40.06

Value Convergence Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 49.02 46.68 50.62 50.86 40.06

Value Convergence Holdings Accounts Receivable Calculation

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


Value Convergence 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.

Value Convergence Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=40.06/-0.667*91
=

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

Value Convergence Holdings'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)
=(22.133+0.75 * 40.06+0.5 * 0.171-7.154
-0--0.056)/2471.023
=0.02

* 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.


Value Convergence Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Value Convergence Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Value Convergence Holdings (Value Convergence Holdings) Business Description

Traded in Other Exchanges
Address
181-185 Gloucester Road, 6th Floor, Centre Point, Wanchai, Hong Kong, HKG
Value Convergence Holdings Ltd is a financial services group delivering financial services and products that fulfill various investment and wealth management needs of clients in the Greater China region. The company's operating segments include Brokerage and Financing; Corporate Finance and other Advisory services; Asset Management; Insurance Brokerage; Proprietary Trading; and Digital asset. The majority of its revenue derives from the Brokerage and Financing segment that engages in securities, futures, and options brokering and dealing, provision of margin financing and money lending, and placing and underwriting services.

Value Convergence Holdings (Value Convergence Holdings) Headlines

No Headlines