ABQQ (AB International Group) Change In Receivables : $-0.17 Mil (TTM As of Nov. 2024)

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What is AB International Group Change In Receivables?

AB International Group's change in receivables for the quarter that ended in Nov. 2024 was $0.40 Mil. It means AB International Group's Accounts Receivable declined by $0.40 Mil from Aug. 2024 to Nov. 2024 .

AB International Group's change in receivables for the fiscal year that ended in Aug. 2024 was $-0.63 Mil. It means AB International Group's Accounts Receivable increased by $0.63 Mil from Aug. 2023 to Aug. 2024 .

AB International Group's Accounts Receivable for the quarter that ended in Nov. 2024 was $0.23 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. AB International Group's Days Sales Outstanding for the three months ended in Nov. 2024 was 32.94.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. AB International Group's liquidation value for the three months ended in Nov. 2024 was $-0.37 Mil.

AB International Group Change In Receivables Historical Data

The historical data trend for AB International 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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AB International Group Change In Receivables Chart

AB International Group Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Change In Receivables

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1.11

0.25

-0.63

AB International Group Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Change In Receivables	Get a 7-Day Free Trial															-0.06	0.06	-0.26	-0.37	0.40

AB International 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 Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.17 Mil.

AB International Group (OTCPK:ABQQ) 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.

AB International Group's Days Sales Outstanding for the quarter that ended in Nov. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.226	/	0.626	*	91
=	32.94

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

AB International Group's liquidation value for the quarter that ended in Nov. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.267	-	0.81	+	0.75 * 0.226	+	0.5 * 0
=	-0.37

AB International Group Change In Receivables Related Terms

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AB International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AB International Group Corp (OTCPK:ABQQ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 Main Street, Mount Kisco, New York, NY, USA, 10549

Website

https://www.abqqs.com

AB International Group Corp is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property, including the acquisition and distribution of movies. It is predominantly engaged in owning or leasing franchises, patents, and copyrights then in turn license others to use. The company is also engaged in other businesses such as providing Video streaming service under the brand name ABQQ.tv, Smartphone patent, NFT movie and music marketplace license business and operating AB movie theatres. The company has two reportable segments, Copyrights and license (IP) segment which generates majority of the revenue and cinema segment.

Executives

Chiyuan Deng	director, officer: President	2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077
Pathikonda Sivakumar Arikeri	10 percent owner	#08-245, BLOCK #107, YISHUN KING ROAD, SINGAPORE U0 760107
Lijun Yu	10 percent owner, officer: Chief Marketing Officer	16TH FLOOR, RICH TOWERS, 2 BLENHEIM AVENUE, TSIM SHA TSUI, KOWLOON K3 00000
Linqing Ye	director	SHOP 518 5/F TM PLAZA, 88 QINGHEZHONGLU, GUANGZHOU F4 511400
Alexander Holtermann	director, officer: Chief Executive Officer	KRANICHSTEINER STR 21, 60598 FRANKFURT AM MAIN 2M 60598
Jianli Deng	10 percent owner, officer: Secretary and Treasurer	2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077
Ian Wright	officer: Chief Operating Officer	BOECKLINSTRASSE 3, FRANKFURT AM MAIN GERMANY, FRANKFURT 2M 60596
Luis Hadic	officer: Chief Financial Officer	23717 110B AVE., MAPLE RIDGE A1 V2W 2E2
Ho Ming Chung	officer: Chief Technology Officer	23/F ROOM 8 BLOCK A WANG KWONG BLDG., 22 NGAU TAU KOK ROAD, KOWLOON K3 999077