Hebei Yichen Industrial Group (HKSE:01596) Change In Receivables : HK$0 Mil (TTM As of Dec. 2023)

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What is Hebei Yichen Industrial Group Change In Receivables?

Hebei Yichen Industrial Group's change in receivables for the quarter that ended in Dec. 2023 was HK$0 Mil. It means Hebei Yichen Industrial Group's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Hebei Yichen Industrial Group's change in receivables for the fiscal year that ended in Dec. 2023 was HK$92 Mil. It means Hebei Yichen Industrial Group's Accounts Receivable declined by HK$92 Mil from Dec. 2022 to Dec. 2023 .

Hebei Yichen Industrial Group's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$1,300 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. Hebei Yichen Industrial Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 332.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hebei Yichen Industrial Group's liquidation value for the six months ended in Dec. 2023 was HK$329 Mil.

Hebei Yichen Industrial Group Change In Receivables Historical Data

The historical data trend for Hebei Yichen Industrial 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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Hebei Yichen Industrial Group Change In Receivables Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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74.53

59.95

-193.14

-373.95

92.50

Hebei Yichen Industrial Group Semi-Annual Data
	Dec13	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															-	-	-	-	-

Hebei Yichen Industrial 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$0 Mil.

Hebei Yichen Industrial Group (HKSE:01596) 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.

Hebei Yichen Industrial 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
=	1300.359	/	714.79	*	91
=	332.01

2. In Ben Graham's calculation of liquidation value, Hebei Yichen Industrial Group's accounts receivable are only considered to be worth 75% of book value:

Hebei Yichen Industrial 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)
=	209.357	-	1050.344	+	0.75 * 1300.359	+	0.5 * 388.621
=	329

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Hebei Yichen Industrial Group (HKSE:01596) Business Description

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HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

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