China MeiDong Auto Holdings (HKSE:01268) Change In Receivables : HK$0 Mil (TTM As of Jun. 2024)

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What is China MeiDong Auto Holdings Change In Receivables?

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

China MeiDong Auto Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$67 Mil. It means China MeiDong Auto Holdings's Accounts Receivable declined by HK$67 Mil from Dec. 2022 to Dec. 2023 .

China MeiDong Auto Holdings's Accounts Receivable for the quarter that ended in Jun. 2024 was HK$268 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 MeiDong Auto Holdings's Days Sales Outstanding for the six months ended in Jun. 2024 was 4.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China MeiDong Auto Holdings's liquidation value for the six months ended in Jun. 2024 was HK$-5,808 Mil.

China MeiDong Auto Holdings Change In Receivables Historical Data

The historical data trend for China MeiDong Auto 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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China MeiDong Auto Holdings Change In Receivables Chart

China MeiDong Auto Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-304.60

-407.12

-269.82

453.75

66.57

China MeiDong Auto Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China MeiDong Auto 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

China MeiDong Auto Holdings (HKSE:01268) 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 MeiDong Auto Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	268.219	/	11471.5	*	91
=	4.27

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

China MeiDong Auto Holdings's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3011.305	-	9772.575	+	0.75 * 268.219	+	0.5 * 1503.488
=	-5,808

China MeiDong Auto Holdings Change In Receivables Related Terms

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China MeiDong Auto Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China MeiDong Auto Holdings Ltd (HKSE:01268) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CMEIF:USA 55M:Germany

Address

13th Floor, Unit A1, Huangjin Road, Tian An Tech Industry Building, Nancheng, Guangdong, Dongguan, CHN

Website

http://www.meidongauto.com

China MeiDong Auto Holdings Ltd is an investment holding company, which is engaged in the sale of automobiles and the provision of integrated services. The group operates 4S dealership stores covering world-renowned brands which are popular among Chinese consumers, including BMW, Lexus, Toyota and Hyundai, and others. It derives revenue primarily from the sale of passenger vehicles and by providing after-sales services and geographically all the operations function through the region of China.

Executives

Aikya Investment Management Limited	2102 Investment manager
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
Fidelity Funds	2101 Beneficial owner
Morgan Stanley	2201 Interest of corporation controlled by you
Iq Eq (switzerland) Limited	2301 Trustee
Apex Sail Limited	2101 Beneficial owner
Apex Holdings Enterprises Limited	2201 Interest of corporation controlled by you
Hu Huanran	2202 Interest of your spouse
Ye Fan	2201 Interest of corporation controlled by you
Fiducia Suisse Sa	2301 Trustee
Hill David Henry Christopher	2201 Interest of corporation controlled by you
Krige Dawid	2201 Interest of corporation controlled by you

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