Autostreets Development (HKSE:02443) Change In Receivables : HK$-6.2 Mil (TTM As of Jun. 2024)

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What is Autostreets Development Change In Receivables?

Autostreets Development's change in receivables for the quarter that ended in Jun. 2024 was HK$-9.1 Mil. It means Autostreets Development's Accounts Receivable increased by HK$9.1 Mil from Dec. 2023 to Jun. 2024 .

Autostreets Development's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-3.4 Mil. It means Autostreets Development's Accounts Receivable increased by HK$3.4 Mil from Dec. 2022 to Dec. 2023 .

Autostreets Development's Accounts Receivable for the quarter that ended in Jun. 2024 was HK$26.2 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. Autostreets Development's Days Sales Outstanding for the six months ended in Jun. 2024 was 23.24.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Autostreets Development's liquidation value for the six months ended in Jun. 2024 was HK$762.0 Mil.

Autostreets Development Change In Receivables Historical Data

The historical data trend for Autostreets Development'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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Autostreets Development Change In Receivables Chart

Autostreets Development Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

29.37

-4.31

-3.43

Autostreets Development Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Change In Receivables	-	-	-6.26	2.84	-9.05

Autostreets Development 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$-6.2 Mil.

Autostreets Development (HKSE:02443) 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.

Autostreets Development's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.226	/	205.952	*	91
=	23.24

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

Autostreets Development'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)
=	1042.094	-	299.787	+	0.75 * 26.226	+	0.5 * 0
=	762.0

Autostreets Development Change In Receivables Related Terms

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Autostreets Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Autostreets Development Ltd (HKSE:02443) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhenbei Road, No. 2251, 6th Floor, Kailong Center, Putuo District, Shanghai, CHN

Website

http://www.autostreets.com

Autostreets Development Ltd is engaged in used vehicle transaction service provider. It connects used vehicle buyers and sellers through its transaction platform in two auction formats, namely online-offline integrated auction and online auction. It had 79 auction sites located in 74 cities and offered offline services in 317 cities across China. It generates all of its revenues from PRC China.

Executives

Yang Aihua	2307 Founder of a discretionary trust who can infl
Extensive Prosperous Investments Limited	2101 Beneficial owner
Extensive Success Holding Limited	2201 Interest of corporation controlled by you
Orient Rich Investment Development Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Han Zhuoheng	2201 Interest of corporation controlled by you
Zhuoheng Holding Limited	2101 Beneficial owner
China Grand Automotive Services Group Co., Ltd.	2201 Interest of corporation controlled by you
World Key Investment Trading Limited	2101 Beneficial owner
Yang Hansong	2201 Interest of corporation controlled by you
Cox Automotive, Inc.	2201 Interest of corporation controlled by you
Cox Enterprises, Inc.	2201 Interest of corporation controlled by you
Manheim Investments, Inc.	2101 Beneficial owner

Autostreets Development Headlines

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