Maike Tube Industry Holdings (HKSE:01553) Change In Receivables : HK$0 Mil (TTM As of Dec. 2023)

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What is Maike Tube Industry Holdings Change In Receivables?

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

Maike Tube Industry Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-227 Mil. It means Maike Tube Industry Holdings's Accounts Receivable increased by HK$227 Mil from Dec. 2022 to Dec. 2023 .

Maike Tube Industry Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$602 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. Maike Tube Industry Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 89.50.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Maike Tube Industry Holdings's liquidation value for the six months ended in Dec. 2023 was HK$-2 Mil.

Maike Tube Industry Holdings Change In Receivables Historical Data

The historical data trend for Maike Tube Industry 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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Maike Tube Industry Holdings Change In Receivables Chart

Maike Tube Industry Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-52.03

31.04

-129.70

-35.75

-226.90

Maike Tube Industry Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial								-	-	-	-	-

Maike Tube Industry 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

Maike Tube Industry Holdings (HKSE:01553) 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.

Maike Tube Industry Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	601.641	/	1226.745	*	91
=	89.50

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

Maike Tube Industry Holdings'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)
=	98.906	-	704.767	+	0.75 * 601.641	+	0.5 * 306.224
=	-2

Maike Tube Industry Holdings Change In Receivables Related Terms

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Maike Tube Industry Holdings (HKSE:01553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maike Tube Industry Holdings Ltd (HKSE:01553) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Meide Street, Meigui Zone of Industrial Park, Pingyin County, Shandong Province, Jinan, CHN, 250400

Website

http://www.mechpipingtech.com

Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the US, Europe, and Other countries of which a majority of revenue is generated from the PRC.

Executives

Zhang Jing Ru	2202 Interest of your spouse
Zhao Pu	2101 Beneficial owner
Kong Linglei	2201 Interest of corporation controlled by you
Ying Stone Holdings Limited	2101 Beneficial owner
Tong Chuang Sheng De Limited	2101 Beneficial owner
Tong Chuang Xing De Limited	2101 Beneficial owner
Shang Hai Heng Yuan Guo Ji Tou Zi You Xian Gong Si	2101 Beneficial owner

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