WiMi Hologram Cloud (WiMi Hologram Cloud) Change In Receivables

: $0.31 Mil (TTM As of Jun. 2023)

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WiMi Hologram Cloud's change in receivables for the quarter that ended in Jun. 2023 was $-2.08 Mil. It means WiMi Hologram Cloud's Accounts Receivable increased by $2.08 Mil from Dec. 2022 to Jun. 2023 .

WiMi Hologram Cloud's change in receivables for the fiscal year that ended in Dec. 2022 was $-0.50 Mil. It means WiMi Hologram Cloud's Accounts Receivable increased by $0.50 Mil from Dec. 2021 to Dec. 2022 .

WiMi Hologram Cloud's Accounts Receivable for the quarter that ended in Jun. 2023 was $5.50 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. WiMi Hologram Cloud's Days Sales Outstanding for the six months ended in Jun. 2023 was 27.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. WiMi Hologram Cloud's liquidation value for the six months ended in Jun. 2023 was $70.12 Mil.

WiMi Hologram Cloud Change In Receivables Historical Data

The historical data trend for WiMi Hologram Cloud'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.

Array ( [0] => - [1] => -1.64 [2] => 0.85 [3] => -16.33 [4] => -0.46 [5] => -0.50 )

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

-1.64

0.85

-16.33

-0.46

-0.50

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables								-6.16	5.75	-3.00	2.38	-2.08

WiMi Hologram Cloud 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 $0.31 Mil.

WiMi Hologram Cloud (NAS:WIMI) 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.

WiMi Hologram Cloud's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.501	/	36.97	*	91
=	27.16

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

WiMi Hologram Cloud'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)
=	88.192	-	22.298	+	0.75 * 5.501	+	0.5 * 0.209
=	70.12

WiMi Hologram Cloud Change In Receivables Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

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Traded in Other Exchanges

0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.