China Eastern Airlines (HKSE:00670) Change In Receivables : HK$0 Mil (TTM As of Mar. 2024)

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What is China Eastern Airlines Change In Receivables?

China Eastern Airlines's change in receivables for the quarter that ended in Mar. 2024 was HK$0 Mil. It means China Eastern Airlines's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

China Eastern Airlines's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-2,411 Mil. It means China Eastern Airlines's Accounts Receivable increased by HK$2,411 Mil from Dec. 2022 to Dec. 2023 .

China Eastern Airlines's Accounts Receivable for the quarter that ended in Mar. 2024 was HK$2,872 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 Eastern Airlines's Days Sales Outstanding for the three months ended in Mar. 2024 was 7.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Eastern Airlines's liquidation value for the three months ended in Mar. 2024 was HK$-244,552 Mil.

China Eastern Airlines Change In Receivables Historical Data

The historical data trend for China Eastern Airlines'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 Eastern Airlines Change In Receivables Chart

China Eastern Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2,244.42

2,376.79

36.73

5,661.74

-2,410.69

China Eastern Airlines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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China Eastern Airlines 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.

China Eastern Airlines (HKSE:00670) 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 Eastern Airlines's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2872.181	/	36053.259	*	91
=	7.27

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

China Eastern Airlines's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5686.788	-	253324.415	+	0.75 * 2872.181	+	0.5 * 1863.007
=	-244,552

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China Eastern Airlines (HKSE:00670) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (HKSE:00670) » Definitions » Change In Receivables

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Traded in Other Exchanges

CHEAF:USA CIAH:Germany 600115:China

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.

Executives

Dong Hang Guo Ji Kong Gu Xiang Gang You Xian Gong Si	2101 Beneficial owner
Zhong Guo Dong Fang Hang Kong Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Wang Junjin	2201 Interest of corporation controlled by you
Wang Han	2201 Interest of corporation controlled by you
Ye Jinqi	2202 Interest of your spouse
Dong Fang Hang Kong Ji Tuan You Xian Gong Si
Shang Hai Ji Xiang Hang Kong Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Jun Yao Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ji Xiang Hang Kong Xiang Gang You Xian Gong Si	2101 Beneficial owner

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