Kelfred Holdings (HKSE:01134) Accounts Receivable : HK$109.1 Mil (As of Dec. 2023)

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What is Kelfred Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kelfred Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$109.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kelfred Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 100.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kelfred Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.12.

Kelfred Holdings Accounts Receivable Historical Data

The historical data trend for Kelfred 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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Kelfred Holdings Accounts Receivable Chart

Kelfred Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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90.27

94.65

101.35

95.77

109.07

Kelfred Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									101.35	118.42	95.77	79.24	109.07

Kelfred Holdings Accounts Receivable Calculation

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

Kelfred 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.

Kelfred 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
=	109.067	/	198.202	*	91
=	100.43

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

Kelfred 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)
=	(20.334	+	0.75 * 109.067	+	0.5 * 74.764	-	80.813
-	0	-	0)	/	500
=	0.12

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.

Kelfred Holdings Accounts Receivable Related Terms

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Kelfred Holdings (HKSE:01134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kelfred Holdings Ltd (HKSE:01134) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 On Ping Street, Workshops 1605-1606, 16th Floor, Block B, New Trade Plaza, Sha Tin, New Territories, Hong Kong, HKG

Website

https://www.kelfred.com.hk

Kelfred Holdings Ltd is an eyewear manufacturer in the PRC and Hong Kong. It manufactures and sells a wide range of spectacle frames and sunglasses mainly through original design manufacturing and original equipment manufacturing business models. It offers integrated and customized services which include product design and development, raw materials procurement, production, quality control, packaging, and delivery. In addition to the traditional OEM and ODM business models, the group also offers its original brand manufacturing (OBM) products under the brand Miga. The group operates in Italy, United Kingdom, Netherlands, Hong Kong, France, Spain, Japan, Hungary, the United States, and others.

Executives

Conquer Holding Limited	2101 Beneficial owner
Chan Yin Wah	2201 Interest of corporation controlled by you
Kwok Kwan Fai	2201 Interest of corporation controlled by you
Kwok Kwan Yu	2201 Interest of corporation controlled by you
Kwok Mau Kwan	2202 Interest of your spouse
Li Man Yee Stella	2202 Interest of your spouse
Siu Fong Ting Tammy	2202 Interest of your spouse

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