Sipai Health Technology Co (HKSE:00314) Change In Receivables : HK$-141 Mil (TTM As of Dec. 2023)

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What is Sipai Health Technology Co Change In Receivables?

Sipai Health Technology Co's change in receivables for the quarter that ended in Dec. 2023 was HK$-44 Mil. It means Sipai Health Technology Co's Accounts Receivable increased by HK$44 Mil from Jun. 2023 to Dec. 2023 .

Sipai Health Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-141 Mil. It means Sipai Health Technology Co's Accounts Receivable increased by HK$141 Mil from Dec. 2022 to Dec. 2023 .

Sipai Health Technology Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$377 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. Sipai Health Technology Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 27.66.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sipai Health Technology Co's liquidation value for the six months ended in Dec. 2023 was HK$358 Mil.

Sipai Health Technology Co Change In Receivables Historical Data

The historical data trend for Sipai Health Technology 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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Sipai Health Technology Co Change In Receivables Chart

Sipai Health Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

-175.04

-67.85

-141.18

Sipai Health Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	-	-110.58	37.50	-97.25	-43.93

Sipai Health Technology 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-141 Mil.

Sipai Health Technology Co (HKSE:00314) 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.

Sipai Health Technology 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
=	377.046	/	2487.418	*	91
=	27.66

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

Sipai Health Technology 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)
=	1235.562	-	1294.913	+	0.75 * 377.046	+	0.5 * 269.133
=	358

Sipai Health Technology Co Change In Receivables Related Terms

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Sipai Health Technology Co (HKSE:00314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sipai Health Technology Co Ltd (HKSE:00314) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

AX1:Germany

Address

No. 1888, Caoyang Road, 7/F, Building 3, Xingguangyao Plaza, Putuo District, Shanghai, CHN

Website

https://www.medbankshealthtech.com

Sipai Health Technology Co Ltd is a medical technology and health management company in China. It has three reportable operating segments: Specialty Pharmacy Business - operation and distribution of specialty pharmacy stores and pharmaceutical products; Physician Research Assistance Business - offering pharmaceutical companies and other clinical trial institutions site management organization services; Health Insurance Services Business - rendering insurance brokerage services to insurance companies. The company generates key revenue from Specialty Pharmacy Business. Almost all of the company's revenues were derived from operations in the PRC.

Executives

Chang Jimmy Ching-hsin	2201 Interest of corporation controlled by you
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Leung Catherine Ho Yan	2202 Interest of your spouse
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Ma Xuguang	2501 Other
Li Ji	2501 Other
Wise Approach Investments Limited	2101 Beneficial owner
Ark Trust (hong Kong) Limited	2301 Trustee
Jpmorgan Chase & Co.	2502 Approved lending agent
Lucky Seven Healthcare Co., Ltd.	2101 Beneficial owner
Simul International Holdings Limited	2201 Interest of corporation controlled by you
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