Sound Group (Sound Group) Change In Receivables : $0.0 Mil (TTM As of Sep. 2023)

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What is Sound Group Change In Receivables?

Sound Group's change in receivables for the quarter that ended in Sep. 2023 was $0.0 Mil. It means Sound Group's Accounts Receivable stayed the same from Jun. 2023 to Sep. 2023 .

Sound Group's change in receivables for the fiscal year that ended in Dec. 2022 was $0.5 Mil. It means Sound Group's Accounts Receivable declined by $0.5 Mil from Dec. 2021 to Dec. 2022 .

Sound Group's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.3 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. Sound Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 0.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sound Group's liquidation value for the three months ended in Sep. 2023 was $44.8 Mil.

Sound Group Change In Receivables Historical Data

The historical data trend for Sound Group'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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Sound Group Change In Receivables Chart

Sound Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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0.90

0.50

-0.82

0.30

0.46

Sound Group Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Sound Group 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Sound Group (NAS:SOGP) 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.

Sound Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.307	/	58.25	*	91
=	0.48

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

Sound Group's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	82.96	-	38.374	+	0.75 * 0.307	+	0.5 * 0
=	44.8

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Sound Group (Sound Group) Business Description

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Address

Yangcheng Creative Industry Zone, No. 309 Middle Huangpu Avenue, Tianhe District, Guangzhou, CHN, 510655

Website

https://www.lizhi.fm

Lizhi Inc is engaged in the operation of providing audio entertainment, podcast, advertising, and others in the People's Republic of China. The company aims to bring people closer together through voices through its product portfolios. It offers LIZHI App, an online UGC audio community, an interactive audio entertainment platform, and an online audio platform in China. The group's revenues comprise audio entertainment revenue, podcast, advertising, and other revenue. It derives a majority of its revenue from the People's Republic of China.