PC Partner Group (HKSE:01263) Accounts Receivable : HK$815 Mil (As of Dec. 2023)

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What is PC Partner Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PC Partner Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$815 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PC Partner Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PC Partner Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.96.

PC Partner Group Accounts Receivable Historical Data

The historical data trend for PC Partner 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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PC Partner Group Accounts Receivable Chart

PC Partner Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,164.88

1,196.29

1,241.64

1,184.71

814.63

PC Partner 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															1,241.64	1,242.88	1,184.71	761.66	814.63

PC Partner Group Accounts Receivable Calculation

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

PC Partner 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.

PC Partner 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
=	814.626	/	4991.774	*	91
=	29.78

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

PC Partner 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)
=	(2490.881	+	0.75 * 814.626	+	0.5 * 1135.492	-	2521.152
-	0	-	1.384)	/	387.884
=	2.96

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.

PC Partner Group Accounts Receivable Related Terms

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PC Partner Group (HKSE:01263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » PC Partner Group Ltd (HKSE:01263) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

28th floor NCB Innovation Centre, 888 Lai Chi Kok Road, Kowloon, Hong Kong, HKG

Website

https://www.pcpartner.com

PC Partner Group Ltd is a manufacturer of computer electronics. Principally, it is engaged in the designing and manufacturing of electronics and personal computer parts and accessories. The company's product consists of video graphics card, mini-PCs, and motherboards. In addition, it is involved in the development and production of video graphics cards for desktop personal computers (PC's), electronics manufacturing services, and trading of other PC related products and components. The company's brand includes ZOTAC, Manli, and Inno3D. Majority of company's revenue is derived from the Asia Pacific region.

Executives

Ho Nai Nap	2101 Beneficial owner
Ho Wong Mary Mee-tak	2101 Beneficial owner
Wong Fong Pak	2101 Beneficial owner
Wong Shik Ho Tony	2101 Beneficial owner
Leung Wah Kan	2101 Beneficial owner
Perfect Choice Limited	2101 Beneficial owner

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