PICC Property and Casualty Co (HKSE:02328) Change In Receivables : HK$0 Mil (TTM As of Dec. 2023)

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What is PICC Property and Casualty Co Change In Receivables?

PICC Property and Casualty Co's change in receivables for the quarter that ended in Dec. 2023 was HK$0 Mil. It means PICC Property and Casualty Co's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

PICC Property and Casualty Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$0 Mil. It means PICC Property and Casualty Co's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

PICC Property and Casualty Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$4,241 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. PICC Property and Casualty Co's liquidation value for the three months ended in Dec. 2023 was HK$-299,684 Mil.

PICC Property and Casualty Co Change In Receivables Historical Data

The historical data trend for PICC Property and Casualty Co'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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PICC Property and Casualty Co Change In Receivables Chart

PICC Property and Casualty Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-12,690.92

4,003.21

-6,599.88

-17,219.74

PICC Property and Casualty Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

PICC Property and Casualty Co 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 quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.

PICC Property and Casualty Co (HKSE:02328) 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.

PICC Property and Casualty Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4240.581	/	0	*	91
=

2. In Ben Graham's calculation of liquidation value, PICC Property and Casualty Co's accounts receivable are only considered to be worth 75% of book value:

PICC Property and Casualty Co'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)
=	210467.121	-	513331.213	+	0.75 * 4240.581	+	0.5 * 0
=	-299,684

PICC Property and Casualty Co Change In Receivables Related Terms

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PICC Property and Casualty Co (HKSE:02328) Business Description

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Comparable Companies

Traded in Other Exchanges

PPCCY:USA PPCCF:USA PJC:Germany

Address

Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022

Website

https://property.picc.com

Headquartered in Beijing, PICC P&C is China's largest nonlife insurer, commanding over 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.

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