Hong Kong and China Gas Co (Hong Kong and China Gas Co) Change In Receivables

: $0 Mil (TTM As of Jun. 2023)

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Hong Kong and China Gas Co's change in receivables for the quarter that ended in Jun. 2023 was $0 Mil. It means Hong Kong and China Gas Co's Accounts Receivable stayed the same from Dec. 2022 to Jun. 2023 .

Hong Kong and China Gas Co's change in receivables for the fiscal year that ended in Dec. 2022 was $-277 Mil. It means Hong Kong and China Gas Co's Accounts Receivable increased by $277 Mil from Dec. 2021 to Dec. 2022 .

Hong Kong and China Gas Co's Accounts Receivable for the quarter that ended in Jun. 2023 was $475 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. Hong Kong and China Gas Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 23.28.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hong Kong and China Gas Co's liquidation value for the six months ended in Jun. 2023 was $-9,463 Mil.

Hong Kong and China Gas Co Change In Receivables Historical Data

The historical data trend for Hong Kong and China Gas 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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Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-122.20

-101.07

-20.73

-276.57

Hong Kong and China Gas Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Hong Kong and China Gas 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 $0 Mil.

Hong Kong and China Gas Co (OTCPK:HOKCY) 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.

Hong Kong and China Gas 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
=	475.118	/	3724.959	*	91
=	23.28

2. In Ben Graham's calculation of liquidation value, Hong Kong and China Gas Co's accounts receivable are only considered to be worth 75% of book value:

Hong Kong and China Gas 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)
=	1560.73	-	11545.027	+	0.75 * 475.118	+	0.5 * 330.844
=	-9,463

Hong Kong and China Gas Co Change In Receivables Related Terms

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Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (OTCPK:HOKCY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

HOKCF:USA 00003:Hong Kong HCG:Germany

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

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