Sinosoft Technology Group (HKSE:01297) Change In Receivables : HK$0.0 Mil (TTM As of Jun. 2023)

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What is Sinosoft Technology Group Change In Receivables?

Sinosoft Technology Group's change in receivables for the quarter that ended in Jun. 2023 was HK$0.0 Mil. It means Sinosoft Technology Group's Accounts Receivable stayed the same from Dec. 2022 to Jun. 2023 .

Sinosoft Technology Group's change in receivables for the fiscal year that ended in Dec. 2022 was HK$29.0 Mil. It means Sinosoft Technology Group's Accounts Receivable declined by HK$29.0 Mil from Dec. 2021 to Dec. 2022 .

Sinosoft Technology Group's Accounts Receivable for the quarter that ended in Jun. 2023 was HK$1,278.0 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. Sinosoft Technology Group's Days Sales Outstanding for the six months ended in Jun. 2023 was 1,485.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sinosoft Technology Group's liquidation value for the six months ended in Jun. 2023 was HK$828.3 Mil.

Sinosoft Technology Group Change In Receivables Historical Data

The historical data trend for Sinosoft Technology 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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Sinosoft Technology Group Change In Receivables Chart

Sinosoft Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-344.92

-292.03

-109.45

-77.25

29.03

Sinosoft Technology Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

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

Sinosoft Technology Group (HKSE:01297) 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.

Sinosoft Technology Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1278.003	/	157.015	*	91
=	1,485.43

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

Sinosoft Technology Group's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	233.641	-	364.961	+	0.75 * 1278.003	+	0.5 * 2.136
=	828.3

Sinosoft Technology Group Change In Receivables Related Terms

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Sinosoft Technology Group (HKSE:01297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Technology Group Ltd (HKSE:01297) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Tianpu Road, Jiangpu Street, Pukou District, Jiangsu, Nanjing City, CHN

Website

https://www.sinosoft-technology.com

Sinosoft Technology Group Ltd is a Hong Kong-based provider of application software products and solutions. The firm's operations are organized in two segments: Government big data software and related services, Low carbon & ecology software and related services.

Executives

Xin Yingmei	2201 Interest of corporation controlled by you
Long Capital International Limited	2101 Beneficial owner
Telewise Group Limited	2101 Beneficial owner

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