Xingye Wulian Service Group Co (HKSE:09916) Accounts Receivable : HK$109.0 Mil (As of Dec. 2023)

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What is Xingye Wulian Service Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Xingye Wulian Service Group Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$109.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Xingye Wulian Service Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 91.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Xingye Wulian Service Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.29.

Xingye Wulian Service Group Co Accounts Receivable Historical Data

The historical data trend for Xingye Wulian Service Group Co'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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Xingye Wulian Service Group Co Accounts Receivable Chart

Xingye Wulian Service Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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20.29

45.51

49.03

91.80

109.02

Xingye Wulian Service Group Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial									56.97	91.80	110.38	109.02	-

Xingye Wulian Service Group Co Accounts Receivable Calculation

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

Xingye Wulian Service Group Co 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.

Xingye Wulian Service Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	109.022	/	217.892	*	91
=	91.31

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

Xingye Wulian Service Group Co'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)
=	(230.442	+	0.75 * 109.022	+	0.5 * 142.998	-	266.908
-	0	-	0.034)	/	400
=	0.29

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.

Xingye Wulian Service Group Co Accounts Receivable Related Terms

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Xingye Wulian Service Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Xingye Wulian Service Group Co Ltd (HKSE:09916) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

No.1 Gangwan Road, Room 105, 1st Floor, Guancheng Hui District, Henan Province, Zhengzhou, CHN

Website

http://www.xingyewulian.com

Xingye Wulian Service Group Co Ltd is an investment holding company. Its segments are Property Management and Value-added Services which generate the majority of the revenue and is engaged in providing property management services including, security, cleaning, greening and gardening, parking space management, repair and maintenance for common areas and customer services; Property Engineering Services providing property engineering services including the planning, design and installation of security and surveillance systems, access control systems, carpark management systems and construction site management systems; and Others comprising of club house services, including catering and ancillary services and ancillary food supply services.

Executives

Vistra Trust (bvi) Limited	2301 Trustee
Zhang Huiqi	2201 Interest of corporation controlled by you
Su Da Huan Qiu You Xian Gong Si	2201 Interest of corporation controlled by you
Rong Po Fa Zhan You Xian Gong Si	2101 Beneficial owner
Rong Da Qi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Ying Yu You Xian Gong Si	2101 Beneficial owner

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