Solowin Holdings (Solowin Holdings) Accounts Receivable : $1.05 Mil (As of Sep. 2023)

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What is Solowin Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Solowin Holdings's accounts receivables for the quarter that ended in Sep. 2023 was $1.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Solowin Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 72.72.

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

Solowin Holdings Accounts Receivable Historical Data

The historical data trend for Solowin 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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Solowin Holdings Accounts Receivable Chart

Solowin Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

0.27

0.25

1.28

Solowin Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	0.25	0.56	1.28	1.05

Solowin Holdings Accounts Receivable Calculation

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

Solowin 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.

Solowin 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
=	1.052	/	2.64	*	91
=	72.72

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

Solowin 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)
=	(6.377	+	0.75 * 1.052	+	0.5 * 0	-	5.988
-	0	-	0)	/	14
=	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.

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Solowin Holdings (Solowin Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Solowin Holdings Ltd (NAS:SWIN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Canton Road, Room 1910-1912A, Tower 3, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.solomonwin.com.hk

Solowin Holdings is a investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its advanced and secured one-stop electronic platform. It is primarily engaged in providing securities related services, investment advisory service, and asset management service to customers.

Solowin Holdings (Solowin Holdings) Headlines

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