Tsingtao Brewery Co (Tsingtao Brewery Co) Change In Receivables : $0 Mil (TTM As of Dec. 2023)

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What is Tsingtao Brewery Co Change In Receivables?

Tsingtao Brewery Co's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means Tsingtao Brewery Co's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Tsingtao Brewery Co's change in receivables for the fiscal year that ended in Dec. 2023 was $-29 Mil. It means Tsingtao Brewery Co's Accounts Receivable increased by $29 Mil from Dec. 2022 to Dec. 2023 .

Tsingtao Brewery Co's Accounts Receivable for the quarter that ended in Dec. 2023 was $14 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. Tsingtao Brewery Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 3.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tsingtao Brewery Co's liquidation value for the three months ended in Dec. 2023 was $287 Mil.

Tsingtao Brewery Co Change In Receivables Historical Data

The historical data trend for Tsingtao Brewery 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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Tsingtao Brewery Co Change In Receivables Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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10.54

10.07

3.97

-15.24

-28.69

Tsingtao Brewery Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Tsingtao Brewery 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 quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Tsingtao Brewery Co (OTCPK:TSGTF) 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.

Tsingtao Brewery 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
=	14.06	/	414.341	*	91
=	3.10

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

Tsingtao Brewery 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)
=	2969.97	-	2941.271	+	0.75 * 14.06	+	0.5 * 495.76
=	287

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Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTF) » Definitions » Change In Receivables

Traded in Other Exchanges

TSGTY:USA 00168:Hong Kong TSI:Germany 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.