eBroker Group (HKSE:08036) Accounts Receivable : HK$5.17 Mil (As of Dec. 2023)

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What is eBroker Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. eBroker Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$5.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. eBroker Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 54.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. eBroker Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.03.

eBroker Group Accounts Receivable Historical Data

The historical data trend for eBroker 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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eBroker Group Accounts Receivable Chart

eBroker Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4.18

5.07

4.46

7.10

5.17

eBroker Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															7.10	-	4.51	-	5.17

eBroker Group Accounts Receivable Calculation

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

eBroker 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.

eBroker Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.171	/	8.658	*	91
=	54.50

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

eBroker Group'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)
=	(39.168	+	0.75 * 5.171	+	0.5 * 0	-	4.087
-	0	-	0)	/	1138.58
=	0.03

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.

eBroker Group Accounts Receivable Related Terms

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eBroker Group (HKSE:08036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » eBroker Group Ltd (HKSE:08036) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Canton Road, Tsim Sha Tsui, World Finance Centre, Suites 1410-11, 14th Floor, North Tower, Kowloon, Hong Kong, HKG

Website

http://www.ebrokersystems.com

eBroker Group Limited is an investment holding company mainly engaged in the development and supply of financial software solutions. The Company provides financial software solutions to financial institutions. The Company mainly provides front-office solution services, back-office solution services, software and hardware installation and customization services, and cloud management services. The front office solutions are used for front office operations, including trading execution, fund management, credit control, risk management, and cyber security services. The back office solutions are used for back office settlement operations, including clearing and settlement of trading orders, portfolio risk reporting, and colocation services.

Executives

Eagle Business Consulting Limited	2101 Beneficial owner
Good Steward Foundation Limited	2201 Interest of corporation controlled by you
Bank Of Communications Trustee Limited	2301 Trustee
Quantsmile (bvi) Limited	2101 Beneficial owner
Financial Data Technologies Limited	2101 Beneficial owner
Nie Lehui	2201 Interest of corporation controlled by you

eBroker Group (HKSE:08036) Headlines

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