Crosstec Group Holdings (HKSE:03893) Change In Receivables : HK$-28.91 Mil (TTM As of Dec. 2024)

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What is Crosstec Group Holdings Change In Receivables?

Crosstec Group Holdings's change in receivables for the quarter that ended in Dec. 2024 was HK$-1.74 Mil. It means Crosstec Group Holdings's Accounts Receivable increased by HK$1.74 Mil from Jun. 2024 to Dec. 2024 .

Crosstec Group Holdings's change in receivables for the fiscal year that ended in Jun. 2024 was HK$-19.83 Mil. It means Crosstec Group Holdings's Accounts Receivable increased by HK$19.83 Mil from Jun. 2023 to Jun. 2024 .

Crosstec Group Holdings's Accounts Receivable for the quarter that ended in Dec. 2024 was HK$8.85 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. Crosstec Group Holdings's Days Sales Outstanding for the six months ended in Dec. 2024 was 35.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Crosstec Group Holdings's liquidation value for the six months ended in Dec. 2024 was HK$-110.79 Mil.

Crosstec Group Holdings Change In Receivables Historical Data

The historical data trend for Crosstec Group 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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Crosstec Group Holdings Change In Receivables Chart

Crosstec Group Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Change In Receivables

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8.03

-6.33

-1.94

-3.79

-19.83

Crosstec Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Change In Receivables	Get a 7-Day Free Trial															-15.23	11.44	7.34	-27.17	-1.74

Crosstec Group 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-28.91 Mil.

Crosstec Group Holdings (HKSE:03893) 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.

Crosstec Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.854	/	45.713	*	91
=	35.35

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

Crosstec Group Holdings's liquidation value for the quarter that ended in Dec. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.293	-	122.726	+	0.75 * 8.854	+	0.5 * 0
=	-110.79

Crosstec Group Holdings Change In Receivables Related Terms

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Crosstec Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Crosstec Group Holdings Ltd (HKSE:03893) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

651 King’s Road, Unit 1301, 13th Floor, Technology Plaza, Hong Kong, HKG

Website

https://www.crosstec.com.hk

Crosstec Group Holdings Ltd is a one-stop provider of interior design solutions in Hong Kong. Its services include millwork and furniture provision, facade development and fabrication, interior solutions, and design and project consultancy services. It derives the majority of its revenue from interior solutions projects. The company operates in Hong Kong, Japan, People's Republic of China, Monaco, United States and others, out of which it derives majority of its revenue from People's Republic of China.

Executives

Mk Investment Group Limited	2101 Beneficial owner
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Cgh (bvi) Limited	2101 Beneficial owner
Lee Wai Sang	2201 Interest of corporation controlled by you
Leung Mo Shan Jackie	2201 Interest of corporation controlled by you

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