Fu Shou Yuan International Group (HKSE:01448) Change In Receivables : HK$2 Mil (TTM As of Dec. 2023)

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What is Fu Shou Yuan International Group Change In Receivables?

Fu Shou Yuan International Group's change in receivables for the quarter that ended in Dec. 2023 was HK$2 Mil. It means Fu Shou Yuan International Group's Accounts Receivable declined by HK$2 Mil from Jun. 2023 to Dec. 2023 .

Fu Shou Yuan International Group's change in receivables for the fiscal year that ended in Dec. 2023 was HK$2 Mil. It means Fu Shou Yuan International Group's Accounts Receivable declined by HK$2 Mil from Dec. 2022 to Dec. 2023 .

Fu Shou Yuan International Group's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$152 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. Fu Shou Yuan International Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 23.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fu Shou Yuan International Group's liquidation value for the six months ended in Dec. 2023 was HK$1,673 Mil.

Fu Shou Yuan International Group Change In Receivables Historical Data

The historical data trend for Fu Shou Yuan International 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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Fu Shou Yuan International Group Change In Receivables Chart

Fu Shou Yuan International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-53.49

-14.15

-80.50

-32.55

2.35

Fu Shou Yuan International 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															-57.33	-12.49	-20.65	0.16	2.20

Fu Shou Yuan International 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$2 Mil.

Fu Shou Yuan International Group (HKSE:01448) 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.

Fu Shou Yuan International 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
=	152.159	/	1206.971	*	91
=	23.01

2. In Ben Graham's calculation of liquidation value, Fu Shou Yuan International Group's accounts receivable are only considered to be worth 75% of book value:

Fu Shou Yuan International 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)
=	3543.531	-	2290.289	+	0.75 * 152.159	+	0.5 * 610.319
=	1,673

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Fu Shou Yuan International Group (HKSE:01448) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Fu Shou Yuan International Group Ltd (HKSE:01448) » Definitions » Change In Receivables

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Traded in Other Exchanges

FSHUF:USA

Address

No. 88 Cao Xi Road North, Room 1306, Sheng Ai Building, Xuhui District, Shanghai, CHN, 200030

Website

https://www.fsygroup.com

Fu Shou Yuan International Group Ltd is a personal services company that provides burial, funeral, and auxiliary services throughout China. The company derives the vast majority of its revenue from the provision of burial services. Within this business activity, Fu Shou Yuan generates most of its revenue from the sale of primarily customized, artistic, and traditional burial plots. The company also provides cemetery maintenance services for its portfolio of cemeteries within its burial services segment. The majority of Fu Shou Yuan's sales come from the Shanghai region, while the Liaoning province also contributes a sizable percentage of total revenue. Fu Shou Yuan's other divisions are involved in the acquisition and operation of funeral homes and the building of cremation machines.

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