CGHLY (China Gas Holdings) Change In Receivables : $0 Mil (TTM As of Sep. 2024)

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What is China Gas Holdings Change In Receivables?

China Gas Holdings's change in receivables for the quarter that ended in Sep. 2024 was $0 Mil. It means China Gas Holdings's Accounts Receivable stayed the same from Mar. 2024 to Sep. 2024 .

China Gas Holdings's change in receivables for the fiscal year that ended in Mar. 2024 was $477 Mil. It means China Gas Holdings's Accounts Receivable declined by $477 Mil from Mar. 2023 to Mar. 2024 .

China Gas Holdings's Accounts Receivable for the quarter that ended in Sep. 2024 was $731 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 Gas Holdings's Days Sales Outstanding for the six months ended in Sep. 2024 was 29.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Gas Holdings's liquidation value for the six months ended in Sep. 2024 was $-9,438 Mil.

China Gas Holdings Change In Receivables Historical Data

The historical data trend for China Gas Holdings'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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China Gas Holdings Change In Receivables Chart

China Gas Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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-497.06

-599.91

-395.53

289.45

477.19

China Gas Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China Gas Holdings 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

China Gas Holdings (OTCPK:CGHLY) 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 Gas Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	730.592	/	4505.866	*	91
=	29.59

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

China Gas Holdings's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1184.897	-	11462.981	+	0.75 * 730.592	+	0.5 * 583.428
=	-9,438

China Gas Holdings Change In Receivables Related Terms

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China Gas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (OTCPK:CGHLY) » Definitions » Change In Receivables

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Traded in Other Exchanges

CGHOF:USA 00384:Hong Kong EBZ:Germany EBZ:Germany EBZ:Germany

Address

188 Meiyuan Road, China Gas Building, Luohu District, Guangdong Province, Shenzhen, CHN

Website

https://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2024 (ended March 31, 2024), the group had secured a total of 662 piped gas concessions, 516 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 119 LPG distribution projects in China. In total, CGH has connected 47.1 million residential households and achieved a penetration rate of 70.9%.