China Wacan Group Co (HKSE:01920) Change In Receivables : HK$20.7 Mil (TTM As of Jun. 2024)

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What is China Wacan Group Co Change In Receivables?

China Wacan Group Co's change in receivables for the quarter that ended in Jun. 2024 was HK$-2.3 Mil. It means China Wacan Group Co's Accounts Receivable increased by HK$2.3 Mil from Dec. 2023 to Jun. 2024 .

China Wacan Group Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$28.1 Mil. It means China Wacan Group Co's Accounts Receivable declined by HK$28.1 Mil from Dec. 2022 to Dec. 2023 .

China Wacan Group Co's Accounts Receivable for the quarter that ended in Jun. 2024 was HK$7.3 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 Wacan Group Co's Days Sales Outstanding for the six months ended in Jun. 2024 was 34.74.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Wacan Group Co's liquidation value for the six months ended in Jun. 2024 was HK$-13.5 Mil.

China Wacan Group Co Change In Receivables Historical Data

The historical data trend for China Wacan Group 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 Wacan Group Co Change In Receivables Chart

China Wacan Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Receivables

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-7.76

57.12

48.39

28.12

China Wacan Group Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Change In Receivables	Get a 7-Day Free Trial											-4.53	5.16	22.96	-2.26	-

China Wacan Group 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$20.7 Mil.

China Wacan Group Co (HKSE:01920) 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 Wacan Group Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.303	/	38.368	*	91
=	34.74

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

China Wacan Group Co'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)
=	0.435	-	19.382	+	0.75 * 7.303	+	0.5 * 0
=	-13.5

China Wacan Group Co Change In Receivables Related Terms

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China Wacan Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Wacan Group Co Ltd (HKSE:01920) » Definitions » Change In Receivables

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Address

28 Shanghai Street, Room 9, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG

Website

https://www.handsform.com

China Wacan Group Co Ltd formerly Hands Form Holdings Ltd is an established subcontractor in Hong Kong and principally engaged in the provision of wet trades work and other wet trades-related ancillary works and the provision of construction information technology services. Wet trades works include plastering on floors, walls, and ceilings, tile laying on internal and external walls and floors, bricklaying, and marble works. The company's segment includes Construction services and Construction IT services. It generates maximum revenue from the Construction services segment.

Executives

Chu Chui Ling	2106 Person having a security interest in shares
Ultra Accord Limited	2106 Person having a security interest in shares
China Alliance Venture Limited	2101 Beneficial owner
Zhou Zhenlin	2201 Interest of corporation controlled by you
Cheung Kwok Fai Adam	2201 Interest of corporation controlled by you
Wonderful Renown Limited	2101 Beneficial owner
Cheung Lai Chun	2103 Interests held jointly with another person
Chan Shui King	2202 Interest of your spouse

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