TravelSky Technology (HKSE:00696) Change In Receivables : HK$-1,691 Mil (TTM As of Dec. 2023)

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What is TravelSky Technology Change In Receivables?

TravelSky Technology's change in receivables for the quarter that ended in Dec. 2023 was HK$-498 Mil. It means TravelSky Technology's Accounts Receivable increased by HK$498 Mil from Jun. 2023 to Dec. 2023 .

TravelSky Technology's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-1,691 Mil. It means TravelSky Technology's Accounts Receivable increased by HK$1,691 Mil from Dec. 2022 to Dec. 2023 .

TravelSky Technology's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$4,943 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. TravelSky Technology's Days Sales Outstanding for the six months ended in Dec. 2023 was 224.36.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TravelSky Technology's liquidation value for the six months ended in Dec. 2023 was HK$8,557 Mil.

TravelSky Technology Change In Receivables Historical Data

The historical data trend for TravelSky Technology'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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TravelSky Technology Change In Receivables Chart

TravelSky Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-659.49

3,076.58

1,122.68

-494.69

-1,691.17

TravelSky Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															1,811.18	-405.14	-108.73	-1,193.07	-498.10

TravelSky Technology 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$-1,691 Mil.

TravelSky Technology (HKSE:00696) 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.

TravelSky Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4943.347	/	4021.049	*	91
=	224.36

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

TravelSky Technology'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)
=	11892.014	-	7089.366	+	0.75 * 4943.347	+	0.5 * 94
=	8,557

TravelSky Technology Change In Receivables Related Terms

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TravelSky Technology (HKSE:00696) Business Description

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Address

7 Yu Min Da Street, Houshayu Town, Shunyi District, Beijing, CHN, 101318

Website

https://www.travelskyir.com

TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue.

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