China ITS (Holdings) Co (HKSE:01900) Change In Receivables : HK$-6.1 Mil (TTM As of Dec. 2023)

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What is China ITS (Holdings) Co Change In Receivables?

China ITS (Holdings) Co's change in receivables for the quarter that ended in Dec. 2023 was HK$36.6 Mil. It means China ITS (Holdings) Co's Accounts Receivable declined by HK$36.6 Mil from Jun. 2023 to Dec. 2023 .

China ITS (Holdings) Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-6.1 Mil. It means China ITS (Holdings) Co's Accounts Receivable increased by HK$6.1 Mil from Dec. 2022 to Dec. 2023 .

China ITS (Holdings) Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$393.2 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. China ITS (Holdings) Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 128.31.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China ITS (Holdings) Co's liquidation value for the six months ended in Dec. 2023 was HK$-84.0 Mil.

China ITS (Holdings) Co Change In Receivables Historical Data

The historical data trend for China ITS (Holdings) 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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China ITS (Holdings) Co Change In Receivables Chart

China ITS (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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679.53

607.47

347.88

315.39

-6.14

China ITS (Holdings) Co 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															145.26	240.05	86.71	-42.79	36.65

China ITS (Holdings) 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-6.1 Mil.

China ITS (Holdings) Co (HKSE:01900) 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.

China ITS (Holdings) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	393.177	/	559.215	*	91
=	128.31

2. In Ben Graham's calculation of liquidation value, China ITS (Holdings) Co's accounts receivable are only considered to be worth 75% of book value:

China ITS (Holdings) Co'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)
=	529.998	-	1129.974	+	0.75 * 393.177	+	0.5 * 442.125
=	-84.0

China ITS (Holdings) Co Change In Receivables Related Terms

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China ITS (Holdings) Co (HKSE:01900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China ITS (Holdings) Co Ltd (HKSE:01900) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuxianqiao North Road, Building 204, No. A10, Chaoyang District, Beijing, CHN, 100015

Website

http://www.its.cn

China ITS (Holdings) Co Ltd and its subsidiaries are mainly a provider of products, specialized solutions, and services related to infrastructure technology in the railway and electric power sectors. The operating business segments are Railway business which is engaged in the provision of products and specialized solutions mainly including railway communication products and energy-base products. The Electric power business segment is engaged in the provision of products and specialized solutions related to electric power equipment for customers in the electric power infrastructure construction area. Geographically, the company operates in China and Myanmar.

Executives

Jiang Hailin	2201 Interest of corporation controlled by you
Liao Jie	2101 Beneficial owner
China Its Co., Ltd.	2101 Beneficial owner
Central Huijin Investment Ltd.	2106 Person having a security interest in shares
China Construction Bank Corporation	2106 Person having a security interest in shares
Joyful Business Holdings Limited	2101 Beneficial owner
Best Partners Development Limited	2501 Other
Credit Suisse Trust Limited	2301 Trustee
Fino Investments Limited	2201 Interest of corporation controlled by you
Tesco Investments Limited	2201 Interest of corporation controlled by you

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