Lygend Resources & Technology Co (HKSE:02245) Change In Receivables : HK$504 Mil (TTM As of Dec. 2023)

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What is Lygend Resources & Technology Co Change In Receivables?

Lygend Resources & Technology Co's change in receivables for the quarter that ended in Dec. 2023 was HK$1,475 Mil. It means Lygend Resources & Technology Co's Accounts Receivable declined by HK$1,475 Mil from Jun. 2023 to Dec. 2023 .

Lygend Resources & Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$504 Mil. It means Lygend Resources & Technology Co's Accounts Receivable declined by HK$504 Mil from Dec. 2022 to Dec. 2023 .

Lygend Resources & Technology Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$1,089 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. Lygend Resources & Technology Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 15.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lygend Resources & Technology Co's liquidation value for the six months ended in Dec. 2023 was HK$-11,743 Mil.

Lygend Resources & Technology Co Change In Receivables Historical Data

The historical data trend for Lygend Resources & 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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Lygend Resources & Technology Co Change In Receivables Chart

Lygend Resources & Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-897.52

-408.95

-588.77

-1,817.47

503.84

Lygend Resources & Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial			57.34	-1,475.66	-411.65	-971.56	1,475.40

Lygend Resources & 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$504 Mil.

Lygend Resources & Technology Co (HKSE:02245) 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.

Lygend Resources & 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
=	1088.865	/	12879.476	*	91
=	15.43

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

Lygend Resources & 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)
=	5049.79	-	18806.826	+	0.75 * 1088.865	+	0.5 * 2393.967
=	-11,743

Lygend Resources & Technology Co Change In Receivables Related Terms

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Lygend Resources & Technology Co (HKSE:02245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lygend Resources & Technology Co Ltd (HKSE:02245) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299 Guanghua Road, 10th-11th Floor, Building C10, R&D Park, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315000

Website

https://www.lygend.com

Lygend Resources & Technology Co Ltd is engaged in both the trading and the production of nickel products. The company has a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. Its products are widely used in various downstream sectors including the NEV and stainless steel industries. It derives a majority of its revenue from Mainland China.

Executives

Gong Yin Rui Xin Ji Jin Guan Li You Xian Gong Si	2102 Investment manager
Oakswood Group Ltd	2201 Interest of corporation controlled by you
Lim Shu Hua, Cheryl	2307 Founder of a discretionary trust who can infl
Feng Yi Pte. Ltd.	2101 Beneficial owner
Dbs Trustee Limited	2301 Trustee
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Ge Lin Mei Gu Fen You Xian Gong Si
Gong Yin Rui Xin Ji Jin Guan Li You Xian Gong Si Dai Gong Yin Rui Xin Tai Hong Hao Dan Yi Zi Chan Gu
Guang Dong Bang Pu Xun Huan Ke Ji You Xian Gong Si
Ning Bo Bang Pu Shi Dai Xin Neng Yuan You Xian Gong Si
Hu Bei Rong Bai Dian Chi San Jiao Yi Hao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo
Ge Lin Mei Xiang Gang Guo Ji Wu Liu You Xian Gong Si
Guang Fa Zi Guan Rong Bai Dian Chi Dan Yi Zi Chan Guan Li Ji Hua	2301 Trustee
Ning Bo Rong Bai Xin Neng Yuan Ke Ji Gu Fen You Xian Gong Si
Ning Bo Shi Yin Zhou Qu Jin Rong Kong Gu You Xian Gong Si

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