Vesync Co (HKSE:02148) Change In Receivables : HK$-338 Mil (TTM As of Dec. 2023)

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What is Vesync Co Change In Receivables?

Vesync Co's change in receivables for the quarter that ended in Dec. 2023 was HK$-178 Mil. It means Vesync Co's Accounts Receivable increased by HK$178 Mil from Jun. 2023 to Dec. 2023 .

Vesync Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-338 Mil. It means Vesync Co's Accounts Receivable increased by HK$338 Mil from Dec. 2022 to Dec. 2023 .

Vesync Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$1,495 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. Vesync Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 113.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Vesync Co's liquidation value for the six months ended in Dec. 2023 was HK$648 Mil.

Vesync Co Change In Receivables Historical Data

The historical data trend for Vesync 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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Vesync Co Change In Receivables Chart

Vesync Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-109.15

-135.45

-553.34

-334.72

-337.75

Vesync Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial								-99.49	-236.02	-159.92	-178.31	-

Vesync 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$-338 Mil.

Vesync Co (HKSE:02148) 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.

Vesync 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
=	1495.389	/	2409.729	*	91
=	113.25

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

Vesync 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)
=	1070.411	-	1855.749	+	0.75 * 1495.389	+	0.5 * 623.597
=	648

Vesync Co Change In Receivables Related Terms

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Vesync Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Vesync Co Ltd (HKSE:02148) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

1001 Zhongshan Park Road, Room 402 and 501–502, Block F3, TCL International E City, Nanshan District, Guangdong Province, Shenzhen, CHN

Website

https://www.vesync.com

Vesync focuses on the online marketing and sale of self-designed and self-developed small home appliances and smart home devices. In 2022, more than 80% of sales were generated through Amazon. The company owns three core brands: Levoit for home environment appliances, Etekcity for smart home gadgets, health monitoring devices, outdoor recreation products, and personal-care products, and Cosori for kitchen and dining appliances.

Executives

Yang Hai
Yang Lin
Yang Yuzheng
Chen Shuyong
Li Jisu
Xu Bo
North Point Trust Company L.l.c.
Caerus Co., Ltd
Karis I Llc
Karis Ii Llc
Siempre Ptc Llc
Swcs Trust Limited	2301 Trustee
Hhlr Advisors, Ltd.	2102 Investment manager
Hhlr Fund, L.p.	2101 Beneficial owner

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