GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » Accounts Receivable

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Accounts Receivable : $4.14 Mil (As of Dec. 2023)


View and export this data going back to 2024. Start your Free Trial

What is Neo-Concept International Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Neo-Concept International Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $4.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Neo-Concept International Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 61.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Neo-Concept International Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.38.

Neo-Concept International Group Holdings Accounts Receivable Historical Data

The historical data trend for Neo-Concept International Group 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.

* Premium members only.

Neo-Concept International Group Holdings Accounts Receivable Chart

Neo-Concept International Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
6.99 3.81 1.33 4.14

Neo-Concept International Group Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial 3.81 3.54 1.33 1.63 4.14

Neo-Concept International Group Holdings Accounts Receivable Calculation

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

Neo-Concept International Group 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.

Neo-Concept International Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.141/12.329*91
=61.30

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

Neo-Concept International Group Holdings'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)
=(0.749+0.75 * 4.141+0.5 * 0.681-11.909
-0-0)/20.32
=-0.38

* 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.

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.

Neo-Concept International Group Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Neo-Concept International Group Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » Accounts Receivable
Comparable Companies
Traded in Other Exchanges
N/A
Address
10th floor, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Kowloon, HKG
Website
https://www.neo-ig.com
Neo-Concept International Group Holdings Ltd is a company whose a one-stop apparel solution services provider. They offer a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European, and North American markets through Neo-Concept HK.

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Headlines

From GuruFocus

Neo-Concept International Group Holdings Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq

By Marketwired • 04-23-2024