Readboy Education Holding Co (HKSE:02385) Change In Receivables : HK$11.4 Mil (TTM As of Dec. 2023)

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What is Readboy Education Holding Co Change In Receivables?

Readboy Education Holding Co's change in receivables for the quarter that ended in Dec. 2023 was HK$16.6 Mil. It means Readboy Education Holding Co's Accounts Receivable declined by HK$16.6 Mil from Jun. 2023 to Dec. 2023 .

Readboy Education Holding Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$11.4 Mil. It means Readboy Education Holding Co's Accounts Receivable declined by HK$11.4 Mil from Dec. 2022 to Dec. 2023 .

Readboy Education Holding Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$16.5 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. Readboy Education Holding Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 11.82.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Readboy Education Holding Co's liquidation value for the six months ended in Dec. 2023 was HK$269.7 Mil.

Readboy Education Holding Co Change In Receivables Historical Data

The historical data trend for Readboy Education Holding 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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Readboy Education Holding Co Change In Receivables Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

34.70

-8.15

-29.90

19.95

11.41

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial			17.24	-2.72	22.53	-5.17	16.57

Readboy Education Holding 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$11.4 Mil.

Readboy Education Holding Co (HKSE:02385) 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.

Readboy Education Holding 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
=	16.54	/	255.324	*	91
=	11.82

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

Readboy Education Holding 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)
=	401.014	-	251.23	+	0.75 * 16.54	+	0.5 * 214.991
=	269.7

Readboy Education Holding Co Change In Receivables Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

Executives

Liu Zhilan	2101 Beneficial owner
Alpine Sky Limited	2101 Beneficial owner
Equiom Fiduciary Services (hong Kong) Limited	2301 Trustee
Kimlan Limited	2103 Interests held jointly with another person
Maples Trustee Services (cayman) Limited	2103 Interests held jointly with another person
Qin Shuguang	2201 Interest of corporation controlled by you
Sky Focus Holdings Limited	2103 Interests held jointly with another person
Trade Honour Holdings Limited	2101 Beneficial owner
Chen Zhiyong	2103 Interests held jointly with another person

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