Trendzon Holdings Group (HKSE:01865) Accounts Receivable : HK$54.6 Mil (As of Sep. 2023)

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What is Trendzon Holdings Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Trendzon Holdings Group's accounts receivables for the quarter that ended in Sep. 2023 was HK$54.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Trendzon Holdings Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 59.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Trendzon Holdings Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.13.

Trendzon Holdings Group Accounts Receivable Historical Data

The historical data trend for Trendzon 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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Trendzon Holdings Group Accounts Receivable Chart

Trendzon Holdings Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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9.44

16.16

46.15

74.31

73.03

Trendzon Holdings Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial										76.62	74.31	18.55	73.03	54.58

Trendzon Holdings Group Accounts Receivable Calculation

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

Trendzon 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.

Trendzon 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
=	54.576	/	168.298	*	91
=	59.18

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

Trendzon 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)
=	(55.822	+	0.75 * 54.576	+	0.5 * 0	-	279.178
-	0	-	4.472)	/	1416.8
=	-0.13

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.

Trendzon Holdings Group Accounts Receivable Related Terms

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Trendzon Holdings Group (HKSE:01865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trendzon Holdings Group Ltd (HKSE:01865) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Gateway, Suite 2108, Prudential Tower, Harbour City, Hong Kong, HKG, 758110

Website

https://www.trendzon1865.com

Trendzon Holdings Group Ltd is an investment holding company. It is engaged in the provision of infrastructural pipeline construction and related engineering services mainly to private and public utilities companies in the gas, water, telecommunications, and power industries, trading of building materials, brokerage, placing and margin financing services. The company's operating segment includes Construction services, Brokerage, placing and margin financing services, and Trading of building materials. It generates maximum revenue from the Construction contracts segment. Geographically, it derives a majority of its revenue from Singapore.

Executives

Zhang Jiancheng	2201 Interest of corporation controlled by you
Zhong Bei Zi Ben You Xian Gong Si	2101 Beneficial owner
Shang Hai He Ri Tou Zi You Xian Gong Si	2101 Beneficial owner

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