Amuse Group Holding (HKSE:08545) Accounts Receivable : HK$35.6 Mil (As of Sep. 2023)

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What is Amuse Group Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Amuse Group Holding's accounts receivables for the quarter that ended in Sep. 2023 was HK$35.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Amuse Group Holding's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 63.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Amuse Group Holding's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.08.

Amuse Group Holding Accounts Receivable Historical Data

The historical data trend for Amuse Group Holding'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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Amuse Group Holding Accounts Receivable Chart

Amuse Group Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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49.06

7.60

8.83

5.83

13.38

Amuse Group Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															18.00	-	13.38	-	35.56

Amuse Group Holding Accounts Receivable Calculation

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

Amuse Group Holding 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.

Amuse Group Holding's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	35.559	/	50.922	*	91
=	63.72

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

Amuse Group Holding'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)
=	(126.008	+	0.75 * 35.559	+	0.5 * 1.513	-	61.282
-	0	-	0)	/	1192.31
=	0.08

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.

Amuse Group Holding Accounts Receivable Related Terms

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Amuse Group Holding (HKSE:08545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Amuse Group Holding Ltd (HKSE:08545) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Yeung Uk Road, Flat B, 33/F, Plaza 88, Tsuen Wan, New Territories, Hong Kong, HKG

Website

https://www.amusegroupholding.com

Amuse Group Holding Ltd is a Hong Kong-based toy company. It is engaged in the designing, marketing, distribution and retail sales of toys and related products. Some of its brands are TOPI, FLAME TOYS, and SENTINEL. The company manages its business through three divisions namely sales of ODM toys to license holders, distribution of imported toys and related products and sales of own licensed toys and related products. It generates a majority of its revenue from the sale of ODM toys division. Geographically, the company generates a majority of its revenue from Japan.

Executives

Chu Guigui	2101 Beneficial owner
Lin Weiyi	2306 Nominee for another person
Weng Yulin	2101 Beneficial owner
Lam Hoi Yan	2101 Beneficial owner
Infinite Force Holdings Ltd	2101 Beneficial owner
Fong Wing Yan	2202 Interest of your spouse
Li Wai Keung	2201 Interest of corporation controlled by you

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