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Cathay Financial Holding Co (Cathay Financial Holding Co) Change In Receivables : $-887 Mil (TTM As of Dec. 2023)


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What is Cathay Financial Holding Co Change In Receivables?

Cathay Financial Holding Co's change in receivables for the quarter that ended in Dec. 2023 was $-539 Mil. It means Cathay Financial Holding Co's Accounts Receivable increased by $539 Mil from Sep. 2023 to Dec. 2023 .

Cathay Financial Holding Co's change in receivables for the fiscal year that ended in Dec. 2023 was $-827 Mil. It means Cathay Financial Holding Co's Accounts Receivable increased by $827 Mil from Dec. 2022 to Dec. 2023 .

Cathay Financial Holding Co's Accounts Receivable for the quarter that ended in Dec. 2023 was $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. Cathay Financial Holding Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cathay Financial Holding Co's liquidation value for the three months ended in Dec. 2023 was $-363,249 Mil.

Cathay Financial Holding Co Change In Receivables Historical Data

The historical data trend for Cathay Financial Holding Co'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.

* Premium members only.

Cathay Financial Holding Co Change In Receivables Chart

Cathay Financial Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -784.69 -252.79 -445.67 -101.86 -826.65

Cathay Financial Holding Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -328.76 142.42 -1,980.00 1,489.35 -538.95

Cathay Financial Holding Co 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 quarterly data reported by the company within the most recent 12 months, which was $-887 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.

Cathay Financial Holding Co  (OTCPK:CHYFF) 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.

Cathay Financial Holding 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
=0/1292.472*91
=0.00

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

Cathay Financial Holding Co'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)
=21042.215-384291.144+0.75 * 0+0.5 * 0
=-363,249

* 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.

Cathay Financial Holding Co Change In Receivables Related Terms

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Cathay Financial Holding Co (Cathay Financial Holding Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cathay Financial Holding Co Ltd (OTCPK:CHYFF) » Definitions » Change In Receivables
Comparable Companies
TPE:2881 TPE:2883 TPE:2888 TPE:2867 ROCO:5859 TPE:2905 SHSE:601318 SHSE:601628 HKSE:01299 BOM:543526 AFL MET SHSE:601601 PRU TSX:MFC LSE:PRU TSX:GWO TSE:8750 BOM:540777 BOM:540719
Traded in Other Exchanges
2882B.PFD:Taiwan 2882A.PFD:Taiwan 2882:Taiwan
Address
No. 296, Section 4, Renai Road, Da'an District, Taipei, TWN, 106
Website
https://www.cathayholdings.com
Cathay Financial Holding Co Ltd is a financial holding company that primarily serves the Taiwan market. The scope of its business is limited by the operation of law to the investment and management of financial services enterprises. The company is a hub for financial services primarily in insurance and banking, and secondarily in asset management. Cathay Financial Holding emphasizes cross-selling and information technology integration in its business model. most of its insurance business, which constitutes approximately half of the company's revenue mix, is related to life insurance. Its banking business, which makes up nearly the other half of its business, is mostly related to consumer and corporate banking.