G-Resources Group (HKSE:01051) Accounts Receivable : HK$311.5 Mil (As of Dec. 2023)

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What is G-Resources Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. G-Resources Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$311.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. G-Resources Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 137.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. G-Resources Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$12.99.

G-Resources Group Accounts Receivable Historical Data

The historical data trend for G-Resources Group'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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G-Resources Group Accounts Receivable Chart

G-Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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39.88

165.14

147.57

115.28

311.52

G-Resources Group 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															147.57	23.03	115.28	14.95	311.52

G-Resources Group Accounts Receivable Calculation

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

G-Resources Group 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.

G-Resources Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	311.517	/	414.021	*	91
=	137.32

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

G-Resources Group'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)
=	(5869.033	+	0.75 * 311.517	+	0.5 * 0	-	244.283
-	0	-	1.32)	/	450.814
=	12.99

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.

G-Resources Group Accounts Receivable Related Terms

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G-Resources Group (HKSE:01051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » G-Resources Group Ltd (HKSE:01051) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

GGPXF:USA

Address

No. 151 Gloucester Road, Room 1801, 18th Floor, Capital Centre, Wanchai, Hong Kong, HKG

Website

https://www.g-resources.com

G-Resources Group Ltd is an investment and financial services company. The company is split across three segments: Principal investment business, Financial services business, and Real property business. The Principal investment business which derives majority revenue invests in listed and unlisted financial securities, including shares, bonds, and managed investments. The Financial services business generates revenue primarily from interest from money lending operations, and partly from commission income from financial services provided. The Real property business invests in Hong Kong commercial property and derives income through rent.

Executives

Ortiz Espinosa Elvin Alan	2201 Interest of corporation controlled by you
Sprout Wings Limited	2201 Interest of corporation controlled by you
19 Growth Capital Fund Gp, Inc.	2201 Interest of corporation controlled by you
19 Growth Equity Fund, Lp	2101 Beneficial owner
Buckley John Paul	2201 Interest of corporation controlled by you
Zhang Zheng	2201 Interest of corporation controlled by you
Px Capital Management Ltd.	2201 Interest of corporation controlled by you
Px Capital Partners L.p.	2101 Beneficial owner
Px Global Advisors, Llc	2201 Interest of corporation controlled by you
Xie Pengfei	2201 Interest of corporation controlled by you

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