Upbest Group (HKSE:00335) Change In Receivables : HK$0.0 Mil (TTM As of Sep. 2023)

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What is Upbest Group Change In Receivables?

Upbest Group's change in receivables for the quarter that ended in Sep. 2023 was HK$0.0 Mil. It means Upbest Group's Accounts Receivable stayed the same from Mar. 2023 to Sep. 2023 .

Upbest Group's change in receivables for the fiscal year that ended in Mar. 2023 was HK$157.2 Mil. It means Upbest Group's Accounts Receivable declined by HK$157.2 Mil from Mar. 2022 to Mar. 2023 .

Upbest Group's Accounts Receivable for the quarter that ended in Sep. 2023 was HK$782.5 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. Upbest Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 2,107.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Upbest Group's liquidation value for the six months ended in Sep. 2023 was HK$723.6 Mil.

Upbest Group Change In Receivables Historical Data

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

Upbest Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-302.44

-307.46

78.58

-70.48

157.23

Upbest Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Upbest 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Upbest Group (HKSE:00335) 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.

Upbest Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	782.52	/	67.772	*	91
=	2,107.21

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

Upbest Group's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	347.957	-	212.726	+	0.75 * 782.52	+	0.5 * 3.011
=	723.6

Upbest Group Change In Receivables Related Terms

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Upbest Group (HKSE:00335) Business Description

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Address

300 Des Voeux Road Central, 2nd Floor, Wah Kit Commercial Centre, Hong Kong, HKG

Website

https://www.upbest.com

Upbest Group Ltd is an investment holding company. The principal activity of the Company is investment holding. Its subsidiaries are principally engaged in securities broking, futures broking, securities margin financing, money lending, corporate finance advisory, assets management, precious metal trading, and property investment. The company's operating segment includes Broking, Financing, corporate finance, assets management, properties investment, and precious metal trading the firm generates the majority of its revenue from property investment. geographically the majority of its revenues come from Hongkong.

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