SOCAM Development (HKSE:00983) Change In Receivables : HK$-771 Mil (TTM As of Dec. 2023)

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What is SOCAM Development Change In Receivables?

SOCAM Development's change in receivables for the quarter that ended in Dec. 2023 was HK$-475 Mil. It means SOCAM Development's Accounts Receivable increased by HK$475 Mil from Jun. 2023 to Dec. 2023 .

SOCAM Development's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-771 Mil. It means SOCAM Development's Accounts Receivable increased by HK$771 Mil from Dec. 2022 to Dec. 2023 .

SOCAM Development's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$1,613 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. SOCAM Development's Days Sales Outstanding for the six months ended in Dec. 2023 was 64.75.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SOCAM Development's liquidation value for the six months ended in Dec. 2023 was HK$-4,242 Mil.

SOCAM Development Change In Receivables Historical Data

The historical data trend for SOCAM Development'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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SOCAM Development Change In Receivables Chart

SOCAM Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-64.00

-257.00

180.00

-196.00

-771.00

SOCAM Development 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															-198.00	268.00	-464.00	-296.00	-475.00

SOCAM Development 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$-771 Mil.

SOCAM Development (HKSE:00983) 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.

SOCAM Development's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1613	/	4546	*	91
=	64.75

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

SOCAM Development'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)
=	660	-	6527	+	0.75 * 1613	+	0.5 * 831
=	-4,242

SOCAM Development Change In Receivables Related Terms

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SOCAM Development (HKSE:00983) Business Description

Industry

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Traded in Other Exchanges

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Address

6-8 Harbour Road, 34th Floor, Shui On Centre, Hong Kong, HKG

Website

https://www.socam.com

SOCAM Development Ltd is an investment holding company. The company along with its subsidiaries is principally engaged in property segment which includes Property development and construction and maintenance segment includes contracting ,renovation and fitting out, smart facilities management and Other businesses segment includes venture capital investment and others. The group's majority of the revenue comes from Construction and maintenance segment in which Hongkong is the major contributor when it comes to revenue.

Executives

Lo Hong Sui	2307 Founder of a discretionary trust who can infl
Lo Bo Yue, Stephanie	2501 Other
Bosrich Holdings (ptc) Inc.	2301 Trustee
Hsbc International Trustee Limited	2301 Trustee
Shui On Company Limited	2101 Beneficial owner
Chu Loletta	2202 Interest of your spouse
Right Ying Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Sun Yinhuan	2307 Founder of a discretionary trust who can infl

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