Fulu Holdings (HKSE:02101) Change In Receivables : HK$-59.1 Mil (TTM As of Dec. 2023)

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What is Fulu Holdings Change In Receivables?

Fulu Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$-48.8 Mil. It means Fulu Holdings's Accounts Receivable increased by HK$48.8 Mil from Jun. 2023 to Dec. 2023 .

Fulu Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-59.1 Mil. It means Fulu Holdings's Accounts Receivable increased by HK$59.1 Mil from Dec. 2022 to Dec. 2023 .

Fulu Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$595.2 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. Fulu Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 320.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fulu Holdings's liquidation value for the six months ended in Dec. 2023 was HK$68.6 Mil.

Fulu Holdings Change In Receivables Historical Data

The historical data trend for Fulu 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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Fulu Holdings Change In Receivables Chart

Fulu Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-54.06

-71.33

-210.01

-238.86

-59.09

Fulu Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial							-118.77	-101.30	-142.36	-10.28	-48.81

Fulu 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$-59.1 Mil.

Fulu Holdings (HKSE:02101) 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.

Fulu 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
=	595.178	/	338.476	*	91
=	320.91

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

Fulu 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)
=	174.894	-	552.666	+	0.75 * 595.178	+	0.5 * 0
=	68.6

Fulu Holdings Change In Receivables Related Terms

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Fulu Holdings (HKSE:02101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fulu Holdings Ltd (HKSE:02101) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

No. 77, Guanggu Avenue, 2nd Floor, Building B2, Optics Valley Financial Port, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN

Website

https://www.fulu.com

Fulu Holdings Ltd is a third-party virtual goods and services platform operator in China. Its platform connects virtual goods vendors and virtual goods sales channels. It serves virtual goods vendors, covering leisure and entertainment, games, telecommunications, and lifestyle services, providing virtual goods vendors with access to a variety of sales channels, such as e-commerce and online payment platforms. It generates revenues from providing business-to-business services to virtual goods vendors and sales channels, including facilitating virtual goods transactions between virtual goods vendors and virtual goods sales channels and providing value-added services. It generates revenue from four business segments: leisure and entertainment; games; telecommunications; and lifestyle.

Executives

Xu Jian	2201 Interest of corporation controlled by you
Luzhi Holdings Limited	2101 Beneficial owner
Fu Xi	2307 Founder of a discretionary trust who can infl
Zhang Yuguo	2101 Beneficial owner
Fuxi Limited	2201 Interest of corporation controlled by you
Zhangyuguo Holdings Limited	2101 Beneficial owner

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