E-Home Household Service Holdings (E-Home Household Service Holdings) Accounts Receivable : $0.70 Mil (As of Dec. 2023)

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What is E-Home Household Service Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. E-Home Household Service Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $0.70 Mil.

Accounts receivable can be measured by Days Sales Outstanding. E-Home Household Service Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 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. E-Home Household Service Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $19.12.

E-Home Household Service Holdings Accounts Receivable Historical Data

The historical data trend for E-Home Household Service 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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E-Home Household Service Holdings Accounts Receivable Chart

E-Home Household Service Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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1.07

1.78

0.83

0.88

1.02

E-Home Household Service Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									0.88	0.88	2.10	1.02	0.70

E-Home Household Service Holdings Accounts Receivable Calculation

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

E-Home Household Service 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.

E-Home Household Service 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
=	0.697	/	26.947	*	91
=	4.72

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

E-Home Household Service 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)
=	(74.325	+	0.75 * 0.697	+	0.5 * 0.012	-	15.152
-	0	-	0.851)	/	3.07822
=	19.12

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.

E-Home Household Service Holdings Accounts Receivable Related Terms

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E-Home Household Service Holdings (E-Home Household Service Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » E-Home Household Service Holdings Ltd (NAS:EJH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangqiao Road, Dongbai Center, 18th Floor, East Tower, Building B, Gulou District, Fuzhou, CHN, 350001

Website

https://www.ej111.com

E-Home Household Service Holdings Ltd is a household service company providing integrated household services through its website and WeChat platform across China. The company offers services including home appliance and housekeeping services. It operates its business mainly by receiving the orders online and providing the services offline. Its operations are organized into five reportable segments: installation and maintenance services, housekeeping services, senior care services, sales of pharmaceutical products and educational consulting services. The group's principal source of revenue comes from the Installation and Maintenance segment, followed by Housekeeping and Senior care services segment.