Majestic Dragon AeroTech Holdings (HKSE:00918) Change In Receivables : HK$0.0 Mil (TTM As of Sep. 2024)

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What is Majestic Dragon AeroTech Holdings Change In Receivables?

Majestic Dragon AeroTech Holdings's change in receivables for the quarter that ended in Sep. 2024 was HK$0.0 Mil. It means Majestic Dragon AeroTech Holdings's Accounts Receivable stayed the same from Mar. 2024 to Sep. 2024 .

Majestic Dragon AeroTech Holdings's change in receivables for the fiscal year that ended in Mar. 2024 was HK$-29.8 Mil. It means Majestic Dragon AeroTech Holdings's Accounts Receivable increased by HK$29.8 Mil from Mar. 2023 to Mar. 2024 .

Majestic Dragon AeroTech Holdings's Accounts Receivable for the quarter that ended in Sep. 2024 was HK$95.8 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. Majestic Dragon AeroTech Holdings's Days Sales Outstanding for the six months ended in Sep. 2024 was 963.20.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Majestic Dragon AeroTech Holdings's liquidation value for the six months ended in Sep. 2024 was HK$14.5 Mil.

Majestic Dragon AeroTech Holdings Change In Receivables Historical Data

The historical data trend for Majestic Dragon AeroTech 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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Majestic Dragon AeroTech Holdings Change In Receivables Chart

Majestic Dragon AeroTech Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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-69.40

-72.21

-10.24

-41.69

-29.83

Majestic Dragon AeroTech Holdings 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															-	-	-	-	-

Majestic Dragon AeroTech 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Majestic Dragon AeroTech Holdings (HKSE:00918) 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.

Majestic Dragon AeroTech Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	95.755	/	18.143	*	91
=	963.20

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

Majestic Dragon AeroTech Holdings'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)
=	25.59	-	110.093	+	0.75 * 95.755	+	0.5 * 54.278
=	14.5

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Majestic Dragon AeroTech Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Majestic Dragon AeroTech Holdings Ltd (HKSE:00918) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Hok Cheung Street, Unit 13, 5th Floor, Tower 1, Harbour Centre, Hung Hom, Kowloon, Hong Kong, HKG

Website

https://www.seiah.com

Majestic Dragon AeroTech Holdings Ltd along with its subsidiaries, is principally engaged in the wholesale of consumer products including timepieces and accessories, garment and sportswear products, property investment, and provision of marketing services. Its segment includes Wholesale business Watch, Wholesale business Garment, Property investment, and Unmanned aerial vehicles business. Maximum revenue is generated from the Unmanned aerial vehicles business that sells unmanned aerial vehicles and related parts for fire-fighting, logistics transportation, communication, and agricultural use. Geographically, it derives key revenue from the People's Republic of China followed by the Middle East, Hong Kong, Africa, and Taiwan.

Executives

Zhang Jinbing	2101 Beneficial owner
Always Profit Development Limited	2101 Beneficial owner
Golden Bold Holdings Limited	2101 Beneficial owner
Wang Yuelai	2201 Interest of corporation controlled by you
Chong Kin Group Holdings Ltd.	2106 Person having a security interest in shares
State Energy Hk Limited	2101 Beneficial owner
Shang Hai Zhong She Gu Quan Tou Zi Ji Jin You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Guo Ming Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Quan Hui	2201 Interest of corporation controlled by you
Guo Neng Shang Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Niu Fang	2201 Interest of corporation controlled by you
Hu Zhang Cui	2202 Interest of your spouse

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