China Environmental Resources Group (HKSE:01130) Change In Receivables : HK$0.00 Mil (TTM As of Dec. 2023)

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What is China Environmental Resources Group Change In Receivables?

China Environmental Resources Group's change in receivables for the quarter that ended in Dec. 2023 was HK$0.00 Mil. It means China Environmental Resources Group's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

China Environmental Resources Group's change in receivables for the fiscal year that ended in Jun. 2023 was HK$7.21 Mil. It means China Environmental Resources Group's Accounts Receivable declined by HK$7.21 Mil from Jun. 2022 to Jun. 2023 .

China Environmental Resources Group's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$16.42 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 Environmental Resources Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 73.88.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Environmental Resources Group's liquidation value for the six months ended in Dec. 2023 was HK$-212.73 Mil.

China Environmental Resources Group Change In Receivables Historical Data

The historical data trend for China Environmental Resources Group'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 Environmental Resources Group Change In Receivables Chart

China Environmental Resources Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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-19.85

-1.18

8.03

14.35

7.21

China Environmental Resources Group 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															-	-	-	-	-

China Environmental Resources Group 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$0.00 Mil.

China Environmental Resources Group (HKSE:01130) 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 Environmental Resources Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.419	/	40.558	*	91
=	73.88

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

China Environmental Resources Group'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)
=	2.926	-	243.633	+	0.75 * 16.419	+	0.5 * 31.326
=	-212.73

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China Environmental Resources Group (HKSE:01130) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Environmental Resources Group Ltd (HKSE:01130) » Definitions » Change In Receivables

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RS1:Singapore

Address

No. 1 Science Museum Road, Room 2608, 26th Floor, Greenfield Tower, Concordia Plaza, Tsim Sha Tsui East Kowloon, Hong Kong, HKG

Website

https://www.cergroup.com.hk

China Environmental Resources Group Ltd is an investment holding company. It has seven reportable segments: Trading of recycled metals; Trading of motor vehicles and related accessories; Property investment; Provision of financial services; Sales of golden flower tea products; Securities trading and investment; and Sales of plantation materials and products. It has geographic operations in the PRC, Hong Kong, Nepal, and Macau. It derives a vast majority of the revenues from the trading of motor vehicles and related accessories segment within Hong Kong.

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