China Tourism Group Duty Free (SHSE:601888) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is China Tourism Group Duty Free Change In Receivables?

China Tourism Group Duty Free's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means China Tourism Group Duty Free's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

China Tourism Group Duty Free's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-581 Mil. It means China Tourism Group Duty Free's Accounts Receivable increased by ¥581 Mil from Dec. 2022 to Dec. 2023 .

China Tourism Group Duty Free's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥217 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. China Tourism Group Duty Free's Days Sales Outstanding for the three months ended in Mar. 2024 was 1.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Tourism Group Duty Free's liquidation value for the three months ended in Mar. 2024 was ¥26,716 Mil.

China Tourism Group Duty Free Change In Receivables Historical Data

The historical data trend for China Tourism Group Duty Free'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.

* Premium members only.

China Tourism Group Duty Free Change In Receivables Chart

China Tourism Group Duty Free Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

-756.76

122.10

-446.58

-426.45

-580.70

China Tourism Group Duty Free Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China Tourism Group Duty Free 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

China Tourism Group Duty Free (SHSE:601888) 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.

China Tourism Group Duty Free's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	216.882	/	18807.169	*	91
=	1.05

2. In Ben Graham's calculation of liquidation value, China Tourism Group Duty Free's accounts receivable are only considered to be worth 75% of book value:

China Tourism Group Duty Free's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	36385.671	-	18628.724	+	0.75 * 216.882	+	0.5 * 17593.451
=	26,716

China Tourism Group Duty Free Change In Receivables Related Terms

Thank you for viewing the detailed overview of China Tourism Group Duty Free's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

China Tourism Group Duty Free (SHSE:601888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (SHSE:601888) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

01880:Hong Kong

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Block A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

China Tourism Group Duty Free Corp Ltd is an investment holding company. The company's segments include Retail and Property. It generates maximum revenue from the Retail segment. The Retail segment offers a comprehensive series of duty-free and duty-paid merchandise to customers in Mainland China, Hong Kong, Macau, Cambodia, etc, through its travel retail business. It also engages sales of duty-free and duty-paid merchandise and income from provision of related services.

China Tourism Group Duty Free (SHSE:601888) Headlines

No Headlines