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Cheche Group (Cheche Group) Change In Receivables : $-16.9 Mil (TTM As of Dec. 2022)


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What is Cheche Group Change In Receivables?

Cheche Group's change in receivables for the quarter that ended in Dec. 2022 was $-10.3 Mil. It means Cheche Group's Accounts Receivable increased by $10.3 Mil from Jun. 2022 to Dec. 2022 .

Cheche Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-9.2 Mil. It means Cheche Group's Accounts Receivable increased by $9.2 Mil from Dec. 2022 to Dec. 2023 .

Cheche Group's Accounts Receivable for the quarter that ended in Dec. 2022 was $57.6 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. Cheche Group's Days Sales Outstanding for the six months ended in Dec. 2022 was 48.26.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cheche Group's liquidation value for the six months ended in Dec. 2022 was $-218.3 Mil.

Cheche Group Change In Receivables Historical Data

The historical data trend for Cheche 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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Cheche Group Change In Receivables Chart

Cheche Group Annual Data
Trend Dec21 Dec22 Dec23
Change In Receivables
-25.88 -16.63 -9.19

Cheche Group Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Dec23
Change In Receivables -18.88 -6.83 -6.58 -10.32 -

Cheche 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-16.9 Mil.

* 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.

Cheche Group  (NAS:CCG) 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.

Cheche Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=57.614/217.851*91
=48.26

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

Cheche Group's liquidation value for the quarter that ended in Dec. 2022 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=21.482-283.007+0.75 * 57.614+0.5 * 0
=-218.3

* 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.

Cheche Group Change In Receivables Related Terms

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Cheche Group (Cheche Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Change In Receivables
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Traded in Other Exchanges
N/A
Address
13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088
Website
https://www.chechegroup.com
Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

Cheche Group (Cheche Group) Headlines

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