China Travel International Investment Hong Kong (China Travel International Investment Hong Kong) Change In Receivables : $0.0 Mil (TTM As of Dec. 2023)

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What is China Travel International Investment Hong Kong Change In Receivables?

China Travel International Investment Hong Kong's change in receivables for the quarter that ended in Dec. 2023 was $0.0 Mil. It means China Travel International Investment Hong Kong's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

China Travel International Investment Hong Kong's change in receivables for the fiscal year that ended in Dec. 2023 was $-20.1 Mil. It means China Travel International Investment Hong Kong's Accounts Receivable increased by $20.1 Mil from Dec. 2022 to Dec. 2023 .

China Travel International Investment Hong Kong's Accounts Receivable for the quarter that ended in Dec. 2023 was $23.5 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 Travel International Investment Hong Kong's Days Sales Outstanding for the six months ended in Dec. 2023 was 13.73.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Travel International Investment Hong Kong's liquidation value for the six months ended in Dec. 2023 was $-220.6 Mil.

China Travel International Investment Hong Kong Change In Receivables Historical Data

The historical data trend for China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong Change In Receivables Chart

China Travel International Investment Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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6.73

-94.17

11.17

5.54

-20.14

China Travel International Investment Hong Kong Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China Travel International Investment Hong Kong 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 semi-annually data reported by the company within the most recent 12 months, which was $0.0 Mil.

China Travel International Investment Hong Kong (OTCPK:CTVIF) 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 Travel International Investment Hong Kong's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	23.501	/	312.339	*	91
=	13.73

2. In Ben Graham's calculation of liquidation value, China Travel International Investment Hong Kong's accounts receivable are only considered to be worth 75% of book value:

China Travel International Investment Hong Kong'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)
=	341.032	-	865.885	+	0.75 * 23.501	+	0.5 * 573.224
=	-220.6

China Travel International Investment Hong Kong Change In Receivables Related Terms

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China Travel International Investment Hong Kong (China Travel International Investment Hong Kong) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (OTCPK:CTVIF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

00308:Hong Kong CTI:Germany

Address

78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG

Website

http://www.hkcts.com

China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel agency and related operations, tourist attractions, hotels, and passenger transportation services. It derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the largest portion of company revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

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