Wecon Holdings (HKSE:01793) Accounts Receivable : HK$176.8 Mil (As of Sep. 2023)

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What is Wecon Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wecon Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$176.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wecon Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 65.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wecon Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.01.

Wecon Holdings Accounts Receivable Historical Data

The historical data trend for Wecon 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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Wecon Holdings Accounts Receivable Chart

Wecon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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235.12

311.07

199.16

260.47

153.79

Wecon Holdings 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									265.41	260.47	192.25	153.79	176.76

Wecon Holdings Accounts Receivable Calculation

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

Wecon 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.

Wecon 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
=	176.757	/	494.39	*	91
=	65.25

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

Wecon 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)
=	(57.01	+	0.75 * 176.757	+	0.5 * 0	-	198.935
-	0	-	0)	/	800
=	-0.01

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.

Wecon Holdings Accounts Receivable Related Terms

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Wecon Holdings (HKSE:01793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wecon Holdings Ltd (HKSE:01793) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

244-252 Des Voeux Road Central, 18th Floor, Tung Hip Commercial Building, Hong Kong, HKG

Website

https://www.wecon.com.hk

Wecon Holdings Ltd is an investment holding company. The company's operating segment includes Building construction services and RMAA works services. The Building construction services provided by the group primarily consist of building works for new buildings, including residential, commercial, and industrial buildings. Its RMAA works services include the general upkeep, maintenance, improvement, refurbishment, alteration, and addition of existing facilities and components of buildings and their surroundings. It generates maximum revenue from the Construction contracts segment. Geographically, it derives revenue from Hong Kong.

Executives

Triple Arch Limited	2101 Beneficial owner
Lai Yuk Lin Eliza	2202 Interest of your spouse
Tsang Ka Yip	2201 Interest of corporation controlled by you

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