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China New Higher Education Group (FRA:8CN) Change In Receivables : €0.0 Mil (TTM As of Aug. 2024)


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What is China New Higher Education Group Change In Receivables?

China New Higher Education Group's change in receivables for the quarter that ended in Aug. 2024 was €0.0 Mil. It means China New Higher Education Group's Accounts Receivable stayed the same from Feb. 2024 to Aug. 2024 .

China New Higher Education Group's change in receivables for the fiscal year that ended in Aug. 2024 was €1.0 Mil. It means China New Higher Education Group's Accounts Receivable declined by €1.0 Mil from Aug. 2023 to Aug. 2024 .

China New Higher Education Group's Accounts Receivable for the quarter that ended in Aug. 2024 was €0.5 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 New Higher Education Group's Days Sales Outstanding for the six months ended in Aug. 2024 was 0.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China New Higher Education Group's liquidation value for the six months ended in Aug. 2024 was €-699.5 Mil.


China New Higher Education Group Change In Receivables Historical Data

The historical data trend for China New Higher Education 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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China New Higher Education Group Change In Receivables Chart

China New Higher Education Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Aug20 Aug21 Aug22 Aug23 Aug24
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.55 7.74 -3.45 1.05

China New Higher Education Group Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

China New Higher Education 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.0 Mil.

* 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.


China New Higher Education Group  (FRA:8CN) 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 New Higher Education Group's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.514/139.701*91
=0.67

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

China New Higher Education Group's liquidation value for the quarter that ended in Aug. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=176.422-876.288+0.75 * 0.514+0.5 * 0
=-699.5

* 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 New Higher Education Group Business Description

Traded in Other Exchanges
Address
5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN
China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 139,000 for the academic year 2024/25. CNHE currently operates eight schools, up from only two schools in 2016.

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