Hilong Holding (HKSE:01623) Change In Receivables : HK$0 Mil (TTM As of Jun. 2023)

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What is Hilong Holding Change In Receivables?

Hilong Holding's change in receivables for the quarter that ended in Jun. 2023 was HK$0 Mil. It means Hilong Holding's Accounts Receivable stayed the same from Dec. 2022 to Jun. 2023 .

Hilong Holding's change in receivables for the fiscal year that ended in Dec. 2022 was HK$-318 Mil. It means Hilong Holding's Accounts Receivable increased by HK$318 Mil from Dec. 2021 to Dec. 2022 .

Hilong Holding's Accounts Receivable for the quarter that ended in Jun. 2023 was HK$1,745 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. Hilong Holding's Days Sales Outstanding for the six months ended in Jun. 2023 was 138.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hilong Holding's liquidation value for the six months ended in Jun. 2023 was HK$-2,128 Mil.

Hilong Holding Change In Receivables Historical Data

The historical data trend for Hilong Holding'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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Hilong Holding Change In Receivables Chart

Hilong Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-99.67

-551.42

442.16

86.86

-317.89

Hilong Holding Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	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															-	-	-	-	-

Hilong Holding 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 HK$0 Mil.

Hilong Holding (HKSE:01623) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1744.903	/	2303.933	*	91
=	138.22

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

Hilong Holding'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)
=	966.56	-	5137.111	+	0.75 * 1744.903	+	0.5 * 1468.458
=	-2,128

Hilong Holding Change In Receivables Related Terms

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Hilong Holding (HKSE:01623) Business Description

Industry

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Traded in Other Exchanges

HLONF:USA 8HL:Germany

Address

No. 1825, Luodong Road, Baoshan Industrial Zone, Shanghai, CHN, 200949

Website

http://www.hilonggroup.com

Hilong Holding Ltd manufactures and distributes oil and gas drilling equipment and coating materials, and provisions coating, oilfield, and offshore engineering services. Its segments include Oilfield equipment manufacturing and services including the production of oilfield equipment and provision of OCTG coating services; Line pipe technology and services including the provision of services related to oil and gas pipelines and production of coating materials for anti-corrosive and anti-friction purposes; Oilfield services including the provision of well drilling services, integrated comprehensive services, OCTG trading and related services to oil and gas producers; and Offshore engineering services includes the provision of offshore engineering services and offshore design services.

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