Haosen Fintech Group (HKSE:03848) Change In Receivables : HK$0.0 Mil (TTM As of Dec. 2023)

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What is Haosen Fintech Group Change In Receivables?

Haosen Fintech Group's change in receivables for the quarter that ended in Dec. 2023 was HK$0.0 Mil. It means Haosen Fintech Group's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Haosen Fintech Group's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-139.5 Mil. It means Haosen Fintech Group's Accounts Receivable increased by HK$139.5 Mil from Dec. 2022 to Dec. 2023 .

Haosen Fintech Group's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$5.9 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. Haosen Fintech Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 16.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Haosen Fintech Group's liquidation value for the six months ended in Dec. 2023 was HK$-198.1 Mil.

Haosen Fintech Group Change In Receivables Historical Data

The historical data trend for Haosen Fintech Group'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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Haosen Fintech Group Change In Receivables Chart

Haosen Fintech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-57.58

371.56

509.37

-39.53

-139.54

Haosen Fintech Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial													-	-	-	-	-

Haosen Fintech Group 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$0.0 Mil.

Haosen Fintech Group (HKSE:03848) 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.

Haosen Fintech Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.89	/	63.739	*	91
=	16.86

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

Haosen Fintech Group'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)
=	28.263	-	230.768	+	0.75 * 5.89	+	0.5 * 0
=	-198.1

Haosen Fintech Group Change In Receivables Related Terms

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Haosen Fintech Group (HKSE:03848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Haosen Fintech Group Ltd (HKSE:03848) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 3402, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cwl.com

Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the financial services company. The company's segment includes Finance lease and factoring related services; Micro credit and loan facilitation related services and Securities dealing and broking and other financial services. It generates majority of its revenue from the Micro credit and loan facilitation related services segment. Geographically, it derives a majority of its revenue from China.

Executives

Wealthy Rise Investment Limited	2201 Interest of corporation controlled by you
Zhong Guo Jin Chu Kou Yin Hang	2106 Person having a security interest in shares
Lin Yihong	2201 Interest of corporation controlled by you
Lo Wai Ho	2201 Interest of corporation controlled by you

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