Sino Grandness

[crubs]

Hi crubs and portuser,
 
Best World booked prepayments under “Other Assets” – St****** used to do that but had shifted them under “Other Receivables” in the latest AR.
 
Anyway, back to Trade Receivables as % of Revenue, I reckon by comparing 3M, 1H or 9M figures to that of FY figure is not exactly comparing apple to apple. So let’s wait for the FY2015 figures.
 
By comparing SG to HY could be useful provided one could make the correct comparisons, interpretations and conclusions from it.
 
What interpretations and conclusions could one draw from the following table?


[Image: w0knch.jpg]

I've plotted 2 graphs

[Image: r8i35u.png]

This graph, trade receivables as a percentage of sales shows that Sino Grandness and Hui Yuan have been exhibiting similar trends from 2011 onwards.

[Image: 2jeqx5c.png]

The second graph shows that both companies exhibit revenue growth but Sino Grandness is growing faster than Hui Yuan.