HTCO (High-Trend International Group) Change In Receivables : $-6.6 Mil (TTM As of Oct. 2024)

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What is High-Trend International Group Change In Receivables?

High-Trend International Group's change in receivables for the quarter that ended in Oct. 2024 was $-3.5 Mil. It means High-Trend International Group's Accounts Receivable increased by $3.5 Mil from Apr. 2024 to Oct. 2024 .

High-Trend International Group's change in receivables for the fiscal year that ended in Oct. 2024 was $-6.6 Mil. It means High-Trend International Group's Accounts Receivable increased by $6.6 Mil from Oct. 2023 to Oct. 2024 .

High-Trend International Group's Accounts Receivable for the quarter that ended in Oct. 2024 was $7.6 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. High-Trend International Group's Days Sales Outstanding for the six months ended in Oct. 2024 was 18.87.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. High-Trend International Group's liquidation value for the six months ended in Oct. 2024 was $-7.9 Mil.

High-Trend International Group Change In Receivables Historical Data

The historical data trend for High-Trend International Group'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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High-Trend International Group Change In Receivables Chart

High-Trend International Group Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

Change In Receivables

0.43

-5.31

2.94

4.11

-6.59

High-Trend International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Change In Receivables	Get a 7-Day Free Trial				9.53	3.30	0.81	-3.05	-3.54

High-Trend International Group 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 Oct. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-6.6 Mil.

High-Trend International Group (NAS:HTCO) 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.

High-Trend International Group's Days Sales Outstanding for the quarter that ended in Oct. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.583	/	73.321	*	91
=	18.87

2. In Ben Graham's calculation of liquidation value, High-Trend International Group's accounts receivable are only considered to be worth 75% of book value:

High-Trend International Group's liquidation value for the quarter that ended in Oct. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.863	-	20.471	+	0.75 * 7.583	+	0.5 * 0
=	-7.9

High-Trend International Group Change In Receivables Related Terms

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High-Trend International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » High-Trend International Group (NAS:HTCO) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17, Paya Lebar Square, Hong Kong, SGP, 409051

Website

http://www.htcointl.com/index.html

High-Trend International Group formerly Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company derives freight revenue from voyage contracts and provides vessel service. Majority of revenue is from providing shipping services for customers in Asia, principally in Singapore, Dubai, Korea, Japan, and India.