China Leon Inspection Holding (HKSE:01586) Accounts Receivable : HK$209 Mil (As of Dec. 2023)

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What is China Leon Inspection Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Leon Inspection Holding's accounts receivables for the quarter that ended in Dec. 2023 was HK$209 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Leon Inspection Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 62.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Leon Inspection Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.08.

China Leon Inspection Holding Accounts Receivable Historical Data

The historical data trend for China Leon Inspection Holding'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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China Leon Inspection Holding Accounts Receivable Chart

China Leon Inspection Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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105.88

128.94

134.78

172.30

208.84

China Leon Inspection Holding Semi-Annual Data
	Dec13	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															134.78	131.58	172.30	182.07	208.84

China Leon Inspection Holding Accounts Receivable Calculation

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

China Leon Inspection Holding 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.

China Leon Inspection Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	208.841	/	613.134	*	91
=	62.16

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

China Leon Inspection Holding'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)
=	(268.175	+	0.75 * 208.841	+	0.5 * 2.935	-	325.257
-	0	-	144.777)	/	541.631
=	-0.08

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.

China Leon Inspection Holding Accounts Receivable Related Terms

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China Leon Inspection Holding (HKSE:01586) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Leon Inspection Holding Ltd (HKSE:01586) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

5 Canton Road, Suite 1015, 10th floor, Ocean Centre,, Tsim Sha Tsui, Kowloon, Harbour, HKG

Website

http://www.leontest.com

China Leon Inspection Holding Ltd is a coal testing inspection services provider. Its business scope includes Testing services, Surveying services, Witnessing and Ancillary services, and technical and consulting services. Testing services focus on the quality assurance of coal; Surveying services include a draft survey to determine or verify the coal quantity, and it also provides witnessing services by observing testing and inspection activities conducted by the counterparties of its customers to detect dishonesty or abnormality. It operates in Mainland China, Indonesia, and other countries, from which it generates the majority of its revenue from Mainland China.

Executives

Li Xiangli	2103 Interests held jointly with another person
Wei Yajuan	2202 Interest of your spouse
Zhang Aiying	2103 Interests held jointly with another person
Liu Yi	2101 Beneficial owner
Liu Yi	2103 Interests held jointly with another person
Leon Cornerstone Investment Holding Limited	2101 Beneficial owner
Asian Equity Special Opportunities Portfolio Master Fund Limited	2101 Beneficial owner
Rays Capital Partners Limited	2102 Investment manager
Ruan David Ching Chi	2201 Interest of corporation controlled by you
Liu Yi	2101 Beneficial owner
Swan Stone Investment Holding Limited	2101 Beneficial owner
Hawk Flying Investment Holding Limited	2101 Beneficial owner

China Leon Inspection Holding (HKSE:01586) Headlines

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