Country Garden Services Holdings Co (HKSE:06098) Change In Receivables : HK$0 Mil (TTM As of Jun. 2023)

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What is Country Garden Services Holdings Co Change In Receivables?

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

Country Garden Services Holdings Co's change in receivables for the fiscal year that ended in Dec. 2022 was HK$-6,400 Mil. It means Country Garden Services Holdings Co's Accounts Receivable increased by HK$6,400 Mil from Dec. 2021 to Dec. 2022 .

Country Garden Services Holdings Co's Accounts Receivable for the quarter that ended in Jun. 2023 was HK$19,137 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. Country Garden Services Holdings Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 154.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Country Garden Services Holdings Co's liquidation value for the six months ended in Jun. 2023 was HK$-5,962 Mil.

Country Garden Services Holdings Co Change In Receivables Historical Data

The historical data trend for Country Garden Services Holdings 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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Country Garden Services Holdings Co Change In Receivables Chart

Country Garden Services Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,044.06

-1,901.96

-3,582.43

-6,399.84

Country Garden Services Holdings Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial											-	-	-	-	-

Country Garden Services Holdings 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

Country Garden Services Holdings Co (HKSE:06098) 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.

Country Garden Services Holdings Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19137.26	/	22677.498	*	91
=	154.01

2. In Ben Graham's calculation of liquidation value, Country Garden Services Holdings Co's accounts receivable are only considered to be worth 75% of book value:

Country Garden Services Holdings Co'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)
=	14688.898	-	35179.298	+	0.75 * 19137.26	+	0.5 * 350.68
=	-5,962

Country Garden Services Holdings Co Change In Receivables Related Terms

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Country Garden Services Holdings Co (HKSE:06098) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Services Holdings Co Ltd (HKSE:06098) » Definitions » Change In Receivables

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Traded in Other Exchanges

CGSHY:USA CTRGF:USA 75H:Germany

Address

West Building of Country Garden Office, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

http://www.bgyfw.com

Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of June 2022, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS with 43% ownership. CGS was the top residential property management firm in China in revenue and gross floor area under management for 2022. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.

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