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GDH Guangnan (Holdings) (HKSE:01203) Accounts Receivable : HK$351 Mil (As of Dec. 2023)


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What is GDH Guangnan (Holdings) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GDH Guangnan (Holdings)'s accounts receivables for the quarter that ended in Dec. 2023 was HK$351 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GDH Guangnan (Holdings)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 was 12.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GDH Guangnan (Holdings)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.75.


GDH Guangnan (Holdings) Accounts Receivable Historical Data

The historical data trend for GDH Guangnan (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.

* Premium members only.

GDH Guangnan (Holdings) Accounts Receivable Chart

GDH Guangnan (Holdings) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 225.87 324.21 347.86 382.94 350.84

GDH Guangnan (Holdings) Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 382.94 448.55 - 350.84 -

GDH Guangnan (Holdings) Accounts Receivable Calculation

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


GDH Guangnan (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.

GDH Guangnan (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
=350.842/2599.293*91
=12.32

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

GDH Guangnan (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)
=(1035.928+0.75 * 350.842+0.5 * 486.328-1993.356
-0-225.631)/907.593
=-0.75

* 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.


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.


GDH Guangnan (Holdings) Accounts Receivable Related Terms

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GDH Guangnan (Holdings) (HKSE:01203) Business Description

Traded in Other Exchanges
Address
6-8 Harbour Road, Units 2905-08, 29th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
GDH Guangnan (Holdings) Ltd is an investment holding company engaged in the manufacturing and sales of tinplates. The company operates through three business segments. The Tinplating segment is engaged in the production and sales of tinplates and related products, which are used as packaging materials for food processing manufacturers. The Fresh and Live Foodstuffs segment is engaged in the distribution, purchasing, and sales of fresh and live foodstuffs. The Property Leasing segment is engaged in the leasing of office and industrial premises to generate rental income. It is also involved in the operation of pig farming and the distribution of live pigs.

GDH Guangnan (Holdings) (HKSE:01203) Headlines

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