GoFintech Quantum Innovation (HKSE:00290) Change In Receivables : HK$0.00 Mil (TTM As of Sep. 2024)

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What is GoFintech Quantum Innovation Change In Receivables?

GoFintech Quantum Innovation's change in receivables for the quarter that ended in Sep. 2024 was HK$0.00 Mil. It means GoFintech Quantum Innovation's Accounts Receivable stayed the same from Mar. 2024 to Sep. 2024 .

GoFintech Quantum Innovation's change in receivables for the fiscal year that ended in Mar. 2024 was HK$-89.43 Mil. It means GoFintech Quantum Innovation's Accounts Receivable increased by HK$89.43 Mil from Mar. 2023 to Mar. 2024 .

GoFintech Quantum Innovation's Accounts Receivable for the quarter that ended in Sep. 2024 was HK$4.08 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. GoFintech Quantum Innovation's Days Sales Outstanding for the six months ended in Sep. 2024 was 33.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. GoFintech Quantum Innovation's liquidation value for the six months ended in Sep. 2024 was HK$80.70 Mil.

GoFintech Quantum Innovation Change In Receivables Historical Data

The historical data trend for GoFintech Quantum Innovation'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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GoFintech Quantum Innovation Change In Receivables Chart

GoFintech Quantum Innovation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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60.12

210.49

55.07

60.32

-89.43

GoFintech Quantum Innovation 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															-	-	-	-	-

GoFintech Quantum Innovation 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 HK$0.00 Mil.

GoFintech Quantum Innovation (HKSE:00290) 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.

GoFintech Quantum Innovation's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.079	/	22.016	*	91
=	33.81

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

GoFintech Quantum Innovation'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)
=	305.389	-	227.748	+	0.75 * 4.079	+	0.5 * 0
=	80.70

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GoFintech Quantum Innovation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GoFintech Quantum Innovation Ltd (HKSE:00290) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, 41st Floor COSCO Tower, Room 4102-06, Hong Kong, HKG

Website

https://www.290.com.hk

GoFintech Quantum Innovation Ltd Formerly GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong backed by the Greater Bay Area. The company's reportable and operating segments are; Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and Insurance brokerage, Asset management, and Equity investment. It generates maximum revenue from the Securities brokerage and margin financing segment which engages in securities brokerage and margin financing in Hong Kong. Geographically, the company derives a majority of its revenue from Hong Kong and the rest from the People's Republic of China.

Executives

Wang Tao	2101 Beneficial owner
Ps Trust Limited	2301 Trustee
Gofintech Esop Limited
Liu Zhiwei	2101 Beneficial owner
Star Banner Development Company Limited	2101 Beneficial owner
Yu Dongge	2101 Beneficial owner
Riverhead Capital (international) Management Co., Ltd.	2101 Beneficial owner
Sun Zhuyin	2202 Interest of your spouse
Xie Zhichun	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Liberal Expansion Limited	2201 Interest of corporation controlled by you
Whole Advance Limited	2201 Interest of corporation controlled by you
Zhao Xu Guang	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Jadehero Limited	2101 Beneficial owner

GoFintech Quantum Innovation Headlines

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