The Wharf (Holdings) (The Wharf (Holdings)) Accounts Receivable : $27 Mil (As of Dec. 2023)

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What is The Wharf (Holdings) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Wharf (Holdings)'s accounts receivables for the quarter that ended in Dec. 2023 was $27 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Wharf (Holdings)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 was 3.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Wharf (Holdings)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.66.

The Wharf (Holdings) Accounts Receivable Historical Data

The historical data trend for The Wharf (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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The Wharf (Holdings) Accounts Receivable Chart

The Wharf (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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38.31

61.40

39.75

31.34

27.40

The Wharf (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															39.75	37.72	31.34	30.77	27.40

The Wharf (Holdings) Accounts Receivable Calculation

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

The Wharf (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.

The Wharf (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
=	27.401	/	1385.439	*	91
=	3.61

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

The Wharf (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)
=	(454.813	+	0.75 * 27.401	+	0.5 * 4762.734	-	7256.78
-	0	-	667.623)	/	3056.03
=	-1.66

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.

The Wharf (Holdings) Accounts Receivable Related Terms

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The Wharf (Holdings) (The Wharf (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » The Wharf (Holdings) Ltd (OTCPK:WARFF) » Definitions » Accounts Receivable

Traded in Other Exchanges

WARFY:USA 00004:Hong Kong WHA:Germany

Address

Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG

Website

https://www.wharfholdings.com

The Wharf (Holdings) Ltd has determined five reportable operating segments for measuring performance and allocating resources. The segments are investment properties, development properties, hotels, logistics, and investments. The investment properties segment mainly includes property leasing & management operations. The development properties segment encompasses activities relating to the acquisition, development, sales, and marketing of the Group's trading properties. The hotel segment includes hotel management in Asia. The logistics segment mainly includes container terminal operations. The investment segment includes a diversified portfolio of listed equity investments. The majority is from the Development Properties segment. Geographically, the majority is from Mainland China.