Sang Hing Holdings (International) (HKSE:01472) Change In Receivables : HK$37.2 Mil (TTM As of Sep. 2023)

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What is Sang Hing Holdings (International) Change In Receivables?

Sang Hing Holdings (International)'s change in receivables for the quarter that ended in Sep. 2023 was HK$29.5 Mil. It means Sang Hing Holdings (International)'s Accounts Receivable declined by HK$29.5 Mil from Mar. 2023 to Sep. 2023 .

Sang Hing Holdings (International)'s change in receivables for the fiscal year that ended in Mar. 2023 was HK$39.9 Mil. It means Sang Hing Holdings (International)'s Accounts Receivable declined by HK$39.9 Mil from Mar. 2022 to Mar. 2023 .

Sang Hing Holdings (International)'s Accounts Receivable for the quarter that ended in Sep. 2023 was HK$16.5 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. Sang Hing Holdings (International)'s Days Sales Outstanding for the six months ended in Sep. 2023 was 44.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sang Hing Holdings (International)'s liquidation value for the six months ended in Sep. 2023 was HK$30.1 Mil.

Sang Hing Holdings (International) Change In Receivables Historical Data

The historical data trend for Sang Hing Holdings (International)'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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Sang Hing Holdings (International) Change In Receivables Chart

Sang Hing Holdings (International) Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-17.46

-20.87

15.20

-124.27

39.92

Sang Hing Holdings (International) Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial							-42.12	-82.16	32.27	7.64	29.52

Sang Hing Holdings (International) 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$37.2 Mil.

Sang Hing Holdings (International) (HKSE:01472) 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.

Sang Hing Holdings (International)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.489	/	67.191	*	91
=	44.79

2. In Ben Graham's calculation of liquidation value, Sang Hing Holdings (International)'s accounts receivable are only considered to be worth 75% of book value:

Sang Hing Holdings (International)'s liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	42.1	-	24.319	+	0.75 * 16.489	+	0.5 * 0
=	30.1

Sang Hing Holdings (International) Change In Receivables Related Terms

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Sang Hing Holdings (International) (HKSE:01472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sang Hing Holdings (International) Ltd (HKSE:01472) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

No. 18 Tin Hau Road, Room 215A-B, 2nd Floor, Central Services Building, Nan Fung Industrial City, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.sang-hing.com.hk

Sang Hing Holdings (International) Ltd is an investment holding company engaged in civil engineering works in Hong Kong. The company provides a variety of civil engineering works, including site formation, road and bridge construction, drainage and sewerage construction, water main installation, and slope works.

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