Virtual Mind Holding Co (HKSE:01520) Change In Receivables : HK$0.00 Mil (TTM As of Dec. 2023)

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What is Virtual Mind Holding Co Change In Receivables?

Virtual Mind Holding Co's change in receivables for the quarter that ended in Dec. 2023 was HK$0.00 Mil. It means Virtual Mind Holding Co's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Virtual Mind Holding Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$45.89 Mil. It means Virtual Mind Holding Co's Accounts Receivable declined by HK$45.89 Mil from Dec. 2022 to Dec. 2023 .

Virtual Mind Holding Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$31.66 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. Virtual Mind Holding Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 167.99.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Virtual Mind Holding Co's liquidation value for the six months ended in Dec. 2023 was HK$-12.95 Mil.

Virtual Mind Holding Co Change In Receivables Historical Data

The historical data trend for Virtual Mind Holding 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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Virtual Mind Holding Co Change In Receivables Chart

Virtual Mind Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-13.70

-7.98

-35.80

-16.36

45.89

Virtual Mind Holding Co 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															-	-	-	-	-

Virtual Mind Holding 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$0.00 Mil.

Virtual Mind Holding Co (HKSE:01520) 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.

Virtual Mind Holding 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
=	31.662	/	34.396	*	91
=	167.99

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

Virtual Mind Holding 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)
=	24.562	-	65.473	+	0.75 * 31.662	+	0.5 * 8.435
=	-12.95

Virtual Mind Holding Co Change In Receivables Related Terms

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Virtual Mind Holding Co (HKSE:01520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Virtual Mind Holding Co Ltd (HKSE:01520) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

538 Castle Peak Road, Room 2511-15, 25 Floor, Peninsula Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.vmh.com.hk

Virtual Mind Holding Co Ltd is engaged in designing, manufacturing, and trading apparel; provision of money lending business, namely money lending operation; selling of gaming and animated characters related products, namely IP application and products operation. It offers women's fashion outerwear such as coats and jackets, dresses, activewear, and pants. Majority of the revenue is generated from the Design, manufacture, and trading of the apparel segment. Geographically, it derives the majority of revenue from The PRC and also has a presence in Hong Kong and The USA.

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