Champion Real Estate Investment Trust (HKSE:02778) Accounts Receivable : HK$31 Mil (As of Dec. 2023)

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What is Champion Real Estate Investment Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Champion Real Estate Investment Trust's accounts receivables for the quarter that ended in Dec. 2023 was HK$31 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Champion Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Champion Real Estate Investment Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.83.

Champion Real Estate Investment Trust Accounts Receivable Historical Data

The historical data trend for Champion Real Estate Investment Trust'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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Champion Real Estate Investment Trust Accounts Receivable Chart

Champion Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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10.47

59.40

56.75

53.98

31.38

Champion Real Estate Investment Trust 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															56.75	141.36	53.98	37.03	31.38

Champion Real Estate Investment Trust Accounts Receivable Calculation

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

Champion Real Estate Investment Trust 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.

Champion Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	31.382	/	1276.15	*	91
=	4.49

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

Champion Real Estate Investment Trust'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)
=	(980.582	+	0.75 * 31.382	+	0.5 * 0	-	18050.956
-	0	-	0)	/	6013.73
=	-2.83

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.

Champion Real Estate Investment Trust Accounts Receivable Related Terms

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Champion Real Estate Investment Trust (HKSE:02778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Champion Real Estate Investment Trust (HKSE:02778) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CMPNF:USA

Address

Great Eagle Centre, 23 Harbour Road, Suite 3008, 30th Floor, Wanchai, Hong Kong, HKG

Website

https://www.championreit.com

Champion Real Estate Investment Trust, or Champion REIT, owns and invests in income-producing office and retail properties, with a focus on Grade A commercial properties in prime locations. In Hong Kong, the trust holds two assets in Three Garden Road in the central business district and the retail and office components of Langham Place in Mong Kok. Great Eagle Holdings listed Champion REIT with a 91.5% stake in Three Garden Road in 2006 and injected the Langham Place office and retail portions into the trust in 2008. The trust acquired the remaining stake in Three Garden Road and unified ownership of the property in 2013. Great Eagle Holdings retains a 68.3% stake in Champion REIT. In 2021, the trust entered into a joint venture to acquire a 27% stake in 66 Shoe Lane in London.

Executives

Great Eagle Holdings Limited	2201 Interest of corporation controlled by you
Lo Ka Shui	2201 Interest of corporation controlled by you
Eagle Asset Management (cp) Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee

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