China East Education Holdings (HKSE:00667) Change In Receivables : HK$0 Mil (TTM As of Dec. 2023)

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What is China East Education Holdings Change In Receivables?

China East Education Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$0 Mil. It means China East Education Holdings's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

China East Education Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$0 Mil. It means China East Education Holdings's Accounts Receivable declined by HK$0 Mil from Dec. 2022 to Dec. 2023 .

China East Education Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$53 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. China East Education Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 4.36.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China East Education Holdings's liquidation value for the six months ended in Dec. 2023 was HK$-200 Mil.

China East Education Holdings Change In Receivables Historical Data

The historical data trend for China East Education Holdings'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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China East Education Holdings Change In Receivables Chart

China East Education Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-30.33

-13.56

-83.21

-37.91

0.46

China East Education Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial									-	-	-	-	-

China East Education Holdings 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$0 Mil.

China East Education Holdings (HKSE:00667) 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.

China East Education Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	52.885	/	2215.592	*	91
=	4.36

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

China East Education Holdings'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)
=	3752.701	-	4029.011	+	0.75 * 52.885	+	0.5 * 74.26
=	-200

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China East Education Holdings (HKSE:00667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China East Education Holdings Ltd (HKSE:00667) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

ZX3:Germany

Address

No. 1009 Xuelin Road, Vocational Education Town, Yaohai District, Anhui Province, Hefei, CHN

Website

https://www.chinaeastedu.com

China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 142,765 as of Dec. 31, 2022. In 2022, China East Education's revenue breakdown by major businesses was 59% in culinary arts, 20% in information & internet technology, 19% in auto services.

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