Edensoft Holdings (HKSE:01147) Accounts Receivable : HK$208.2 Mil (As of Dec. 2023)

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What is Edensoft Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Edensoft Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$208.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Edensoft Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 101.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Edensoft Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.02.

Edensoft Holdings Accounts Receivable Historical Data

The historical data trend for Edensoft 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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Edensoft Holdings Accounts Receivable Chart

Edensoft Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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112.15

143.02

160.10

140.97

208.20

Edensoft Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial								160.10	186.58	140.97	187.43	208.20

Edensoft Holdings Accounts Receivable Calculation

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

Edensoft 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.

Edensoft 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
=	208.203	/	373.114	*	91
=	101.84

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

Edensoft 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)
=	(22.728	+	0.75 * 208.203	+	0.5 * 98.21	-	266.249
-	0	-	-0.053)	/	2044.95
=	-0.02

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.

Edensoft Holdings Accounts Receivable Related Terms

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Edensoft Holdings (HKSE:01147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edensoft Holdings Ltd (HKSE:01147) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hua Fu Street, 1006 Shennan Road, West, 2nd Floor, Building A, Futian Technology Square, Shenzhen International Innovation Center, Futian District, Shenzhen, CHN

Website

https://www.edensoft.com.cn

Edensoft Holdings Ltd is engaged in provision of IT infrastructure services, IT implementation and supporting services and cloud services in the PRC. Its segment includes IT infrastructure services; IT implementation and supporting services; and Cloud services. It derives key revenue from the IT infrastructure services segment that assess customers' needs and their existing IT environment and providing IT infrastructure services by advising them on the suitable hardware and software products that their IT environment would require, and procuring the relevant hardware and software products from IT products vendors and installing these IT products in customers' IT environment. It operates in Mainland China and Hong Kong, of which prime revenue is derived from Mainland China.

Executives

Ding Xinyun	2201 Interest of corporation controlled by you
Green Leaf Development Limited	2201 Interest of corporation controlled by you
Aztec Pearl Limited	2101 Beneficial owner
Cai Aaron Ding	2401 A concert party to an agreement to buy shares
Tricor Equity Trustee Limited	2301 Trustee
Yan Shi	2202 Interest of your spouse

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