New China Life Insurance Co (HKSE:01336) Change In Receivables : HK$0 Mil (TTM As of Mar. 2024)

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What is New China Life Insurance Co Change In Receivables?

New China Life Insurance Co's change in receivables for the quarter that ended in Mar. 2024 was HK$0 Mil. It means New China Life Insurance Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

New China Life Insurance Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$3,694 Mil. It means New China Life Insurance Co's Accounts Receivable declined by HK$3,694 Mil from Dec. 2022 to Dec. 2023 .

New China Life Insurance Co's Accounts Receivable for the quarter that ended in Mar. 2024 was HK$0 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. New China Life Insurance Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. New China Life Insurance Co's liquidation value for the three months ended in Mar. 2024 was HK$-1,423,269 Mil.

New China Life Insurance Co Change In Receivables Historical Data

The historical data trend for New China Life Insurance Co'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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New China Life Insurance Co Change In Receivables Chart

New China Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,265.20

928.19

-1,569.77

3,326.69

3,693.69

New China Life Insurance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

New China Life Insurance Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.

New China Life Insurance Co (HKSE:01336) 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.

New China Life Insurance Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	28781.557	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, New China Life Insurance Co's accounts receivable are only considered to be worth 75% of book value:

New China Life Insurance Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	27562.727	-	1450831.648	+	0.75 * 0	+	0.5 * 0
=	-1,423,269

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New China Life Insurance Co (HKSE:01336) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » New China Life Insurance Co Ltd (HKSE:01336) » Definitions » Change In Receivables

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Traded in Other Exchanges

NWWCF:USA NCL:Germany 601336:China

Address

A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022

Website

https://www.newchinalife.com

Headquartered in Beijing, New China Life Insurance, or NCI, was founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).

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