Second Chance Properties (SGX:528) Change In Receivables : S$0.13 Mil (TTM As of Feb. 2024)

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What is Second Chance Properties Change In Receivables?

Second Chance Properties's change in receivables for the quarter that ended in Feb. 2024 was S$0.38 Mil. It means Second Chance Properties's Accounts Receivable declined by S$0.38 Mil from Aug. 2023 to Feb. 2024 .

Second Chance Properties's change in receivables for the fiscal year that ended in Aug. 2023 was S$-0.40 Mil. It means Second Chance Properties's Accounts Receivable increased by S$0.40 Mil from Aug. 2022 to Aug. 2023 .

Second Chance Properties's Accounts Receivable for the quarter that ended in Feb. 2024 was S$0.08 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. Second Chance Properties's Days Sales Outstanding for the six months ended in Feb. 2024 was 1.04.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Second Chance Properties's liquidation value for the six months ended in Feb. 2024 was S$-54.09 Mil.

Second Chance Properties Change In Receivables Historical Data

The historical data trend for Second Chance Properties'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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Second Chance Properties Change In Receivables Chart

Second Chance Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

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0.02

-0.36

0.37

0.23

-0.40

Second Chance Properties Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Change In Receivables	Get a 7-Day Free Trial															0.12	0.11	-0.14	-0.25	0.38

Second Chance Properties 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$0.13 Mil.

Second Chance Properties (SGX:528) 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.

Second Chance Properties's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.076	/	13.296	*	91
=	1.04

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

Second Chance Properties's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	15.324	-	77.603	+	0.75 * 0.076	+	0.5 * 16.272
=	-54.09

Second Chance Properties Change In Receivables Related Terms

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Second Chance Properties (SGX:528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Second Chance Properties Ltd (SGX:528) » Definitions » Change In Receivables

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Address

60 Paya Lebar Road, No. 07-20 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.secondchance.com.sg

Second Chance Properties Ltd is a Singapore-based investment holding company, retailing of readymade garments, holding of property as investment for rental income and investing in securities. The company operates in four segments: Wearing apparel; Gold & jewelry, which is the key revenue generator; Investment dealing; and Property rental. Its geographical segments include Singapore and Malaysia, of which the vast majority of the revenue comes from Singapore.

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