China Partytime Culture Holdings (HKSE:01532) Accounts Receivable : HK$85.2 Mil (As of Jun. 2024)

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What is China Partytime Culture Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Partytime Culture Holdings's accounts receivables for the quarter that ended in Jun. 2024 was HK$85.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Partytime Culture Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 87.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Partytime Culture Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.01.

China Partytime Culture Holdings Accounts Receivable Historical Data

The historical data trend for China Partytime Culture 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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China Partytime Culture Holdings Accounts Receivable Chart

China Partytime Culture Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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34.73

73.63

44.66

57.68

40.65

China Partytime Culture Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial															128.38	57.68	74.76	40.65	85.19

China Partytime Culture Holdings Accounts Receivable Calculation

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

China Partytime Culture 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.

China Partytime Culture Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	85.194	/	177.241	*	91
=	87.72

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

China Partytime Culture Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=	(38.337	+	0.75 * 85.194	+	0.5 * 22.311	-	70.174
-	0	-	28.723)	/	1773.26
=	0.01

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.

China Partytime Culture Holdings Accounts Receivable Related Terms

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China Partytime Culture Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Partytime Culture Holdings Ltd (HKSE:01532) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3 Chunchao Road, Yichun Economic and Technological Development Zone, Jiangxi Province, Yichun, CHN

Website

http://www.partytime.com.cn

China Partytime Culture Holdings Ltd is an investment company. It is engaged in the design, development, production, selling, and marketing of cosplay products (including cosplay costumes and cosplay wigs) and non-cosplay apparel which include mainly sexy lingerie. The operating segments of the group are Wigs; Clothing and others, including cosplay costumes, sexy lingerie, and others; and the Leasing of factory premises involving self-owned or held under leasehold interest. The group derives revenue from the PRC, the U.S., Germany, the U.K., Australia, Holland, Japan and other countries.

Executives

Master Professional Holdings Limited	2101 Beneficial owner
Li Bin	2101 Beneficial owner
Feng Xianhua	2101 Beneficial owner
Chen Shucai	2201 Interest of corporation controlled by you
Ye Wanhong	2201 Interest of corporation controlled by you
Lam Shek Sun	2101 Beneficial owner
Ng Ting Wai	2101 Beneficial owner

China Partytime Culture Holdings Headlines

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