AGBA Group Holding (AGBA Group Holding) Change In Receivables : $-1.20 Mil (TTM As of Dec. 2023)

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What is AGBA Group Holding Change In Receivables?

AGBA Group Holding's change in receivables for the quarter that ended in Dec. 2023 was $-0.63 Mil. It means AGBA Group Holding's Accounts Receivable increased by $0.63 Mil from Sep. 2023 to Dec. 2023 .

AGBA Group Holding's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.20 Mil. It means AGBA Group Holding's Accounts Receivable increased by $1.20 Mil from Dec. 2022 to Dec. 2023 .

AGBA Group Holding's Accounts Receivable for the quarter that ended in Dec. 2023 was $4.07 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. AGBA Group Holding's Days Sales Outstanding for the three months ended in Dec. 2023 was 28.97.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. AGBA Group Holding's liquidation value for the three months ended in Dec. 2023 was $-53.58 Mil.

AGBA Group Holding Change In Receivables Historical Data

The historical data trend for AGBA Group Holding'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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AGBA Group Holding Change In Receivables Chart

AGBA Group Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

8.59

18.46

0.37

-1.20

AGBA Group Holding Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial							-0.42	-0.46	-0.53	0.42	-0.63

AGBA Group Holding 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.20 Mil.

AGBA Group Holding (NAS:AGBA) 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.

AGBA Group Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.065	/	12.806	*	91
=	28.97

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

AGBA Group Holding's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.861	-	58.486	+	0.75 * 4.065	+	0.5 * 0
=	-53.58

AGBA Group Holding Change In Receivables Related Terms

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AGBA Group Holding (AGBA Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » AGBA Group Holding Ltd (NAS:AGBA) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

D6D:Germany

Address

68 Johnston Road, AGBA Tower, Wan Chai, Hong Kong, HKG

Website

https://www.agba.com

AGBA Group Holding Ltd provides healthcare, wellness, financial advisory, and fintech services. The group is organized into four divisions: Platform, Distribution, Healthcare, and Fintech. The AGBA platform helps individual and corporate customers with better financial, medical, and healthcare service options. The AGBA is a unique omnichannel one-stop financial business solution platform that offers financial services, expands business opportunities, and enhances business productivity to licensed financial advisors, licensed brokers, and licensed financial institutions.

Executives

Yun Pun Wong	director	UNIT B, 11F, ON HING BUILDING, 1-9 ON HING TERRACE, CENTRAL HONG KONG F4 00000
Tag Holdings Ltd	10 percent owner	TRUST TOWER, 68 JOHNSTON ROAD, WAN CHAI K3 000000
Wong Suet Fai Almond	director	TRUST TOWER, 68 JOHNSTON ROAD, WAN CHAI K3 000000
Wing Fai Ng	director, officer: Chairman (PEO) and ED	TRUST TOWER, 68 JOHNSTON ROAD, WAN CHAI K3 000000
Richard Kong	officer: Deputy CFO/Company Secretary	TRUST TOWER, 68 JOHNSTON ROAD, WAN CHAI K3 000000
Jeroen Nieuwkoop	officer: Chief Strategy Officer	TRUST TOWER, 68 JOHNSTON ROAD, WAN CHAI K3 000000
Shu Pei Huang Desmond	officer: Acting Group CFO (PFO)	TRUST TOWER, 68 JOHNSTON ROAD, WAN CHAI K3 000000
Mizuho Securities Usa Llc	10 percent owner	1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Eric Sc Lam	director	ROOM 1108, 11TH FLOOR, BLOCK B, NEW MANDARIN PLZ, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 00000
Gordon Kk Lee	director, officer: Chief Executive Officer	ROOM 1108, 11TH FLOOR, BLOCK B, NEW MANDARIN PLZ, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 100027
Vera Zl Tan	director, officer: Chief Financial Officer	ROOM 1108, 11TH FLOOR, BLOCKB, NEW MADISON PLZ, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 100027
Ng Thomas Kwok On	director	ROOM1108, 11FL, BLOCK B, NEW MANDARIN PL, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 00000
Chan Brian Chunhg Yau	director	ROOM1108, 11FL, BLOCK B, NEW MANDARIN PL, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 00000