Honghua Group (FRA:4HB) Change In Receivables : €0.0 Mil (TTM As of Jun. 2024)

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What is Honghua Group Change In Receivables?

Honghua Group's change in receivables for the quarter that ended in Jun. 2024 was €0.0 Mil. It means Honghua Group's Accounts Receivable stayed the same from Dec. 2023 to Jun. 2024 .

Honghua Group's change in receivables for the fiscal year that ended in Dec. 2023 was €-8.1 Mil. It means Honghua Group's Accounts Receivable increased by €8.1 Mil from Dec. 2022 to Dec. 2023 .

Honghua Group's Accounts Receivable for the quarter that ended in Jun. 2024 was €570.5 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. Honghua Group's Days Sales Outstanding for the six months ended in Jun. 2024 was 292.88.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Honghua Group's liquidation value for the six months ended in Jun. 2024 was €-508.5 Mil.

Honghua Group Change In Receivables Historical Data

The historical data trend for Honghua 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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Honghua Group Change In Receivables Chart

Honghua Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-126.66

-24.36

54.44

-198.47

-8.09

Honghua Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Honghua 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.0 Mil.

Honghua Group (FRA:4HB) 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.

Honghua Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	570.477	/	355.48	*	91
=	292.88

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

Honghua Group's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	128.708	-	1171.446	+	0.75 * 570.477	+	0.5 * 212.748
=	-508.5

Honghua Group Change In Receivables Related Terms

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Honghua Group Business Description

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00196:Hong Kong

Address

99 East Road, Information Park, Jinniu District, Sichuan, Chengdu, CHN, 610036

Website

http://www.hh-gltd.com

Honghua Group Ltd is engaged in manufacturing drilling rigs, oil and gas exploitation equipment, providing drilling services and fracturing. It manufactures conventional land drilling rigs, digital drilling rigs, accessories for drilling rigs, as well as the parts and components for the drilling rigs or the maintenance of the drilling rigs in operation. Its segments include Land drilling rigs; Parts and components and others; Drilling engineering services; and Fracturing. It derives a majority of revenue from Parts and components and others segment. Geographically it operates in the PRC, Americas, Middle East, Europe and Central Asia, South Asia and South East and Africa, of which prime revenue is derived from the PRC.

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