Kingmaker Footwear Holdings (HKSE:01170) Accounts Receivable : HK$124.6 Mil (As of Sep. 2023)

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What is Kingmaker Footwear Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kingmaker Footwear Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$124.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kingmaker Footwear Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 59.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kingmaker Footwear Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.33.

Kingmaker Footwear Holdings Accounts Receivable Historical Data

The historical data trend for Kingmaker Footwear 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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Kingmaker Footwear Holdings Accounts Receivable Chart

Kingmaker Footwear Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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109.32

137.41

191.05

213.52

136.26

Kingmaker Footwear Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															103.96	213.52	252.36	136.26	124.61

Kingmaker Footwear Holdings Accounts Receivable Calculation

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

Kingmaker Footwear 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.

Kingmaker Footwear Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	124.606	/	383.032	*	91
=	59.37

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

Kingmaker Footwear Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(430.217	+	0.75 * 124.606	+	0.5 * 100.939	-	338.49
-	0	-	13.208)	/	680.929
=	0.33

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.

Kingmaker Footwear Holdings Accounts Receivable Related Terms

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Kingmaker Footwear Holdings (HKSE:01170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kingmaker Footwear Holdings Ltd (HKSE:01170) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

KMSWF:USA

Address

17-19 Chatham Road South, 17th Floor, Empress Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.kingmaker-footwear.com

Kingmaker Footwear Holdings Ltd is a Hong Kong-based company involved in the footwear business. The company focuses on the production of athletic, lifestyle shoes, rugged footwear, and children's shoes. The firm has two operating segments, Manufacturing and sale of footwear products; and Property Investment. It derives a majority of its revenue from the Manufacturing and sale of footwear products. Geographically, the group has a business presence in the United States Asia, Europe, and Other countries, the firm generates the majority of its revenue from the United States.

Executives

Huang Hsiu Duan	2201 Interest of corporation controlled by you
Fat Tat Assets Limited
Dje Kapital Ag	2201 Interest of corporation controlled by you
Ehrhardt Dr. Jens Alfred Karl	2201 Interest of corporation controlled by you
Dje Investment S.a.	2201 Interest of corporation controlled by you
Webb David Michael	2101 Beneficial owner
Li Chi Keung
King Strike Limited

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