Bright Future Technology Holdings (HKSE:01351) Change In Receivables : HK$0.0 Mil (TTM As of Jun. 2024)

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What is Bright Future Technology Holdings Change In Receivables?

Bright Future Technology Holdings's change in receivables for the quarter that ended in Jun. 2024 was HK$0.0 Mil. It means Bright Future Technology Holdings's Accounts Receivable stayed the same from Dec. 2023 to Jun. 2024 .

Bright Future Technology Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-111.9 Mil. It means Bright Future Technology Holdings's Accounts Receivable increased by HK$111.9 Mil from Dec. 2022 to Dec. 2023 .

Bright Future Technology Holdings's Accounts Receivable for the quarter that ended in Jun. 2024 was HK$341.4 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. Bright Future Technology Holdings's Days Sales Outstanding for the six months ended in Jun. 2024 was 120.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Bright Future Technology Holdings's liquidation value for the six months ended in Jun. 2024 was HK$-69.8 Mil.

Bright Future Technology Holdings Change In Receivables Historical Data

The historical data trend for Bright Future Technology 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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Bright Future Technology Holdings Change In Receivables Chart

Bright Future Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-69.44

-133.19

0.84

171.41

-111.85

Bright Future Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial							-	-	-	-	-

Bright Future Technology 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$0.0 Mil.

Bright Future Technology Holdings (HKSE:01351) 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.

Bright Future Technology 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
=	341.433	/	517.05	*	91
=	120.51

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

Bright Future Technology 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)
=	9.93	-	335.769	+	0.75 * 341.433	+	0.5 * 0
=	-69.8

Bright Future Technology Holdings Change In Receivables Related Terms

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Bright Future Technology Holdings Business Description

Industry

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Traded in Other Exchanges

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Address

Xinghai Mingcheng Community, Rooms 201-02 & 201-03, Phase 7, Nantou Jiedao Nanshan District, Shenzhen, CHN

Website

http://www.btomorrow.cn

Bright Future Technology Holdings Ltd is a mobile advertising company offering one-stop and tailor-made advertising services to customers in China. It is engaged in the provision of intelligent marketing solutions services in the PRC. It offers customers comprehensive mobile advertising services from promotion planning, advertisement production, and placement to post-publication monitoring to optimize the promotional effectiveness for customers. Its customers have advertising needs at mobile internet media, either for maximizing exposure of their products through advertising or to achieve specific advertising results.

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