Gain Plus Holdings (HKSE:09900) Accounts Receivable : HK$80 Mil (As of Sep. 2023)

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What is Gain Plus Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gain Plus Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$80 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gain Plus Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 30.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gain Plus Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.42.

Gain Plus Holdings Accounts Receivable Historical Data

The historical data trend for Gain Plus 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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Gain Plus Holdings Accounts Receivable Chart

Gain Plus Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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87.51

63.39

56.36

99.38

68.60

Gain Plus Holdings 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										159.12	99.38	133.09	68.60	80.06

Gain Plus Holdings Accounts Receivable Calculation

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

Gain Plus 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.

Gain Plus 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
=	80.056	/	482.034	*	91
=	30.31

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

Gain Plus 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)
=	(197.782	+	0.75 * 80.056	+	0.5 * 0	-	97.297
-	0	-	2.547)	/	372
=	0.42

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.

Gain Plus Holdings Accounts Receivable Related Terms

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Gain Plus Holdings (HKSE:09900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Gain Plus Holdings Ltd (HKSE:09900) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Lung Sum Avenue, Unit 1323A, Level 13, Landmark North, Sheung Shui, The New Territories, Hong Kong, HKG

Website

https://www.doublegain.hk

Gain Plus Holdings Ltd is a construction contractor company. The company is engaged in the provision of building construction services and repair, maintenance, addition, and alteration services (RMAA). The services undertaken by main contractors and subcontractors include site investigation, demolition, structural alternation, and additional work. In addition, its RMAA services of the company comprise general upkeep, restoration, and renovation of existing facilities and components of buildings and surroundings, and services consisting of civil works for new buildings such as lift towers, soccer fields, and walkways. The company earns the majority of its revenue from the provision of RMAA Services.

Executives

Universe King International Investment Limited	2101 Beneficial owner
Leung Wai Ling	2202 Interest of your spouse
Tsang Chiu Kwan	2201 Interest of corporation controlled by you
Giant Winchain Limited
Lai Wai Lam Ricky
Chu Siu Ping

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