Rongzun International Holdings Group (HKSE:01780) Accounts Receivable : HK$34.0 Mil (As of Sep. 2023)

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What is Rongzun International Holdings Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rongzun International Holdings Group's accounts receivables for the quarter that ended in Sep. 2023 was HK$34.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rongzun International Holdings Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 57.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rongzun International Holdings Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.12.

Rongzun International Holdings Group Accounts Receivable Historical Data

The historical data trend for Rongzun International Holdings 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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Rongzun International Holdings Group Accounts Receivable Chart

Rongzun International Holdings Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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20.55

15.64

0.14

23.72

18.41

Rongzun International Holdings Group Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial									12.21	23.72	19.59	18.41	34.02

Rongzun International Holdings Group Accounts Receivable Calculation

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

Rongzun International Holdings 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.

Rongzun International Holdings Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	34.023	/	108.056	*	91
=	57.46

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

Rongzun International Holdings Group'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)
=	(140.97	+	0.75 * 34.023	+	0.5 * 0	-	89.652
-	0	-	0)	/	620
=	0.12

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.

Rongzun International Holdings Group Accounts Receivable Related Terms

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Rongzun International Holdings Group (HKSE:01780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rongzun International Holdings Group Ltd (HKSE:01780) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 79 Lei Muk Road, Units 2803-2803A, Asia Trade Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.bnd-strategic.com.hk

B & D Strategic Holdings Ltd is an investment holding company. It operates in two segments: Alteration & addition works and Civil engineering works. Its Alteration & addition works include new structural works, fitting-out works, changes in facilities configuration, construction of a new extension to an existing building, conversion of an existing building to different types, fabrication, modification, removal, or installation of hardware and equipment; erection, relocation, or removal of partitions, doors, and windows; changes in the type of finishes and flooring materials. The Civil engineering segment includes site formation works and foundation works. All of its revenues are generated from Hong Kong.

Executives

Kaneko Hiroshi	2201 Interest of corporation controlled by you
Kyosei Technology Inc.	2101 Beneficial owner
Yanase Kenichi	2201 Interest of corporation controlled by you
Sky Winner Holdings Limited	2101 Beneficial owner
Chan Wai Ching Rebecca	2202 Interest of your spouse
Lam Ah Yee	2202 Interest of your spouse
Lo Wing Hang	2201 Interest of corporation controlled by you
Tang Wing Kwok	2201 Interest of corporation controlled by you

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