Greatime International Holdings (HKSE:00844) Change In Receivables : HK$-11.7 Mil (TTM As of Dec. 2023)

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What is Greatime International Holdings Change In Receivables?

Greatime International Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$17.3 Mil. It means Greatime International Holdings's Accounts Receivable declined by HK$17.3 Mil from Jun. 2023 to Dec. 2023 .

Greatime International Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-11.7 Mil. It means Greatime International Holdings's Accounts Receivable increased by HK$11.7 Mil from Dec. 2022 to Dec. 2023 .

Greatime International Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$50.9 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. Greatime International Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 31.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Greatime International Holdings's liquidation value for the six months ended in Dec. 2023 was HK$13.1 Mil.

Greatime International Holdings Change In Receivables Historical Data

The historical data trend for Greatime International Holdings'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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Greatime International Holdings Change In Receivables Chart

Greatime International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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2.04

-21.92

22.29

2.70

-11.66

Greatime International Holdings 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															53.42	-61.20	61.00	-28.93	17.27

Greatime International Holdings 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 HK$-11.7 Mil.

Greatime International Holdings (HKSE:00844) 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.

Greatime International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	50.944	/	292.482	*	91
=	31.79

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

Greatime International Holdings'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)
=	306.387	-	369.092	+	0.75 * 50.944	+	0.5 * 75.174
=	13.1

Greatime International Holdings Change In Receivables Related Terms

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Greatime International Holdings (HKSE:00844) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Greatime International Holdings Ltd (HKSE:00844) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 102 Renmin Dong Road, Shandong Province, Zhucheng, CHN

Website

http://www.greatimeintl.com

Greatime International Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of innerwear and fabrics. The company's operating segment includes Innerwear Products segment and Knitted Fabrics segment. Innerwear Products segment is engaged in the manufacturing and sale of and provision of processing services on innerwear and garments. Its products include underwear and underpants for men and women and bibs for infants, among others. Knitted Fabrics segment is engaged in the manufacturing and sale of and provision of processing services on knitted fabrics. The company operates businesses in Japan, the People's Republic of China, United States, Africa, Italy, Myanmar, and Hong Kong.

Executives

Wang Guangxi
Nan Jing Yong Tai Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Yong Tai Ke Ji Tou Zi You Xian Gong Si
Yong Tai Ji Tuan You Xian Gong Si Yong Tai Kong Gu Ji Tuan You Xian Gong Si
Junfun Investment Limited	2101 Beneficial owner
Guo Tianshu
Joint Full International Limited

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