First Tractor Co (HKSE:00038) Change In Receivables : HK$0 Mil (TTM As of Mar. 2024)

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What is First Tractor Co Change In Receivables?

First Tractor Co's change in receivables for the quarter that ended in Mar. 2024 was HK$0 Mil. It means First Tractor Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

First Tractor Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$44 Mil. It means First Tractor Co's Accounts Receivable declined by HK$44 Mil from Dec. 2022 to Dec. 2023 .

First Tractor Co's Accounts Receivable for the quarter that ended in Mar. 2024 was HK$1,835 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. First Tractor Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 33.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Tractor Co's liquidation value for the three months ended in Mar. 2024 was HK$-2,196 Mil.

First Tractor Co Change In Receivables Historical Data

The historical data trend for First Tractor 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.

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First Tractor Co Change In Receivables Chart

First Tractor Co Annual Data

Trend

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Dec23

Change In Receivables

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-283.13

-1,077.21

649.02

1,876.58

43.75

First Tractor Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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First Tractor 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.

First Tractor Co (HKSE:00038) 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.

First Tractor Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1835.376	/	5057.694	*	91
=	33.11

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

First Tractor Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3831.808	-	8179.419	+	0.75 * 1835.376	+	0.5 * 1549.885
=	-2,196

First Tractor Co Change In Receivables Related Terms

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First Tractor Co (HKSE:00038) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » First Tractor Co Ltd (HKSE:00038) » Definitions » Change In Receivables

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Traded in Other Exchanges

FIRRF:USA 601038:China

Address

No. 154 Jianshe Road, Henan Province, Luoyang, CHN, 471004

Website

http://www.first-tractor.com.cn

First Tractor Co Ltd is a Chinese company engaged in the agricultural machinery manufacturing industry. Its business scope mainly includes manufacturing and selling agricultural machinery, diesel engines and fuel injections, other machinery, and an operating business of a finance company. It has four reporting divisions. The Agricultural Machinery division, which is the key revenue driver, is responsible for the production and sale of agricultural tractors, harvesters, and others. The power machinery division is mainly responsible for producing and selling diesel engines. The financial business is to handle the member units between the entrusted loans and investment, internal transfer settlement, absorption of member units deposits, and other business.

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