SunCar Technology Group (SunCar Technology Group) Change In Receivables : $10.4 Mil (TTM As of Dec. 2023)

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What is SunCar Technology Group Change In Receivables?

SunCar Technology Group's change in receivables for the quarter that ended in Dec. 2023 was $0.0 Mil. It means SunCar Technology Group's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

SunCar Technology Group's change in receivables for the fiscal year that ended in Dec. 2023 was $30.8 Mil. It means SunCar Technology Group's Accounts Receivable declined by $30.8 Mil from Dec. 2022 to Dec. 2023 .

SunCar Technology Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $56.0 Mil.

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 Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SunCar Technology Group's liquidation value for the six months ended in Dec. 2023 was $-60.8 Mil.

SunCar Technology Group Change In Receivables Historical Data

The historical data trend for SunCar Technology Group's Change In Receivables 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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SunCar Technology Group Change In Receivables Chart

SunCar Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

1.53

-35.07

-32.64

30.82

SunCar Technology Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial			-3.65	-13.89	-	10.35	-

SunCar Technology Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $10.4 Mil.

SunCar Technology Group (NAS:SDA) Change In Receivables 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 Receivable are being managed.

SunCar Technology Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.043	/	0	*	91
=

2. In Ben Graham's calculation of liquidation value, SunCar Technology Group's accounts receivable are only considered to be worth 75% of book value:

SunCar Technology Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	52.45	-	155.245	+	0.75 * 56.043	+	0.5 * 0
=	-60.8

SunCar Technology Group Change In Receivables Related Terms

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SunCar Technology Group (SunCar Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SunCar Technology Group Inc (NAS:SDA) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Shanghai Feiyou Trading Co., Ltd., Suite 209, No. 656 Lingshi Road, Jing’an District, Shanghai, CHN, 200072

Website

https://www.suncartech.com

SunCar Technology Group Inc is a provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China. It operates an automotive after-sales services business through offering customized service solutions to enterprise clients, who are major banks, insurance companies, telecommunication companies, new energy vehicle, original equipment manufacturers or any client who have end customers demanding automotive services.