Highest Performances Holdings (Highest Performances Holdings) Change In Receivables : $4.31 Mil (TTM As of Jun. 2023)

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What is Highest Performances Holdings Change In Receivables?

Highest Performances Holdings's change in receivables for the quarter that ended in Jun. 2023 was $3.43 Mil. It means Highest Performances Holdings's Accounts Receivable declined by $3.43 Mil from Dec. 2022 to Jun. 2023 .

Highest Performances Holdings's change in receivables for the fiscal year that ended in Jun. 2023 was $4.29 Mil. It means Highest Performances Holdings's Accounts Receivable declined by $4.29 Mil from Jun. 2022 to Jun. 2023 .

Highest Performances Holdings's Accounts Receivable for the quarter that ended in Jun. 2023 was $5.25 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. Highest Performances Holdings's Days Sales Outstanding for the six months ended in Jun. 2023 was 149.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Highest Performances Holdings's liquidation value for the six months ended in Jun. 2023 was $19.29 Mil.

Highest Performances Holdings Change In Receivables Historical Data

The historical data trend for Highest Performances Holdings'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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Highest Performances Holdings Change In Receivables Chart

Highest Performances Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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0.38

-2.70

-4.10

-0.63

4.29

Highest Performances Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial								-	-0.44	-0.21	0.89	3.43

Highest Performances Holdings 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 $4.31 Mil.

Highest Performances Holdings (NAS:HPH) 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.

Highest Performances Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.251	/	6.425	*	91
=	149.15

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

Highest Performances Holdings'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)
=	22.966	-	7.61	+	0.75 * 5.251	+	0.5 * 0
=	19.29

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Highest Performances Holdings (Highest Performances Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highest Performances Holdings Inc (NAS:HPH) » Definitions » Change In Receivables

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Address

No. 15 Zhujiang West Road, 42nd Floor, Pearl River Tower, Zhujiang New Town, Tianhe, Guangdong Province, Guangzhou, CHN

Website

https://www.puyiwm.com

Puyi Inc is the third-party wealth management services provider in China. The company provides wealth management services, corporate finance services and asset management services. It generates a majority of the revenue from wealth management services under which it distributes wealth management products both online and offline through its branch network. Products distributed online include publicly raised fund products, exchange administered products and asset management plans. Products distributed offline include privately raised fund products. In addition, the company also has a corporate finance services business, under which it provides corporate borrowers with financing solutions, including product design, identification of sources of funding, compliance and risk management.