Borqs Technologies (Borqs Technologies) Change In Receivables : $0.00 Mil (TTM As of Jun. 2023)

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What is Borqs Technologies Change In Receivables?

Borqs Technologies's change in receivables for the quarter that ended in Jun. 2023 was $0.00 Mil. It means Borqs Technologies's Accounts Receivable stayed the same from Dec. 2022 to Jun. 2023 .

Borqs Technologies's change in receivables for the fiscal year that ended in Dec. 2022 was $0.43 Mil. It means Borqs Technologies's Accounts Receivable declined by $0.43 Mil from Dec. 2021 to Dec. 2022 .

Borqs Technologies's Accounts Receivable for the quarter that ended in Jun. 2023 was $1.00 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. Borqs Technologies's Days Sales Outstanding for the six months ended in Jun. 2023 was 12.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Borqs Technologies's liquidation value for the six months ended in Jun. 2023 was $-25.18 Mil.

Borqs Technologies Change In Receivables Historical Data

The historical data trend for Borqs Technologies'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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Borqs Technologies Change In Receivables Chart

Borqs Technologies Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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44.50

-1.20

1.56

-2.79

0.43

Borqs Technologies Semi-Annual Data
	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											-	-	-	-	-

Borqs Technologies 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 $0.00 Mil.

Borqs Technologies (OTCPK:BRQSF) 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.

Borqs Technologies's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.001	/	14.992	*	91
=	12.19

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

Borqs Technologies'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)
=	8.281	-	36.966	+	0.75 * 1.001	+	0.5 * 5.515
=	-25.18

Borqs Technologies Change In Receivables Related Terms

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Borqs Technologies (Borqs Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Borqs Technologies Inc (OTCPK:BRQSF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Shing Yip Street, Office B, 21st Floor, Legend Tower, Kwun Tong, Kowloon, HKG

Website

https://www.borqs.com

Borqs Technologies Inc operates as a software development company. It is engaged in software, development services, and products providing customizable, differentiated, and scalable Android-based smart connected devices and cloud service solutions. The company's segment include Connected Solutions. Borqs derives most of its revenues from its Connected Solution which includes Software and Hardware. Its geographical segments include China, India, the United States, and the Rest of the World.

Executives

Bill Huang	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Asset Horizon International Ltd	10 percent owner	FLAT C, 8/F., JONSIM PLACE, 228 QUEEN'S ROAD EAST, HONG KONG K3 000 000
Zhengqi International Holding Ltd	10 percent owner	40 WALL STREET, 28TH FL, NEW YORK NY 10005
George Thangadurai	officer: EVP and President of Int Bus	6190 CORNERSTONE COURT, SAN DIEGO CA 92121
Simon Sun	officer: EVP & Co-GM of Prod. Bus. Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Wong Joseph Wai Leung	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Gene Wuu	officer: EVP & GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Hareesh Ramanna	officer: EVP and GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Ye Eric Tao	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Pat Chan	director, officer: Chair. of the Board, CEO & Pre	UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Anthony K Chan	officer: CFO, EVP Corp. Finance	32108 ALVARADO BLVD., UNIT 138, UNION CITY CA 94587
Intel Corp	10 percent owner	2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054
Bob Li	officer: EVP Corp Affairs & China Sale	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Norwest Venture Partners X L P	10 percent owner	525 UNIVERSITY AVE SUITE 800, PALO ALTO CA 94301
Jian Tu	director, officer: President & Chairman	40 WALL STREET, 28TH FL, NEW YORK NY 10005