China Rongzhong Financial Holdings Co (HKSE:03963) Change In Receivables : HK$0.00 Mil (TTM As of Mar. 2024)

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What is China Rongzhong Financial Holdings Co Change In Receivables?

China Rongzhong Financial Holdings Co's change in receivables for the quarter that ended in Mar. 2024 was HK$0.00 Mil. It means China Rongzhong Financial Holdings Co's Accounts Receivable stayed the same from Sep. 2023 to Mar. 2024 .

China Rongzhong Financial Holdings Co's change in receivables for the fiscal year that ended in Mar. 2024 was HK$2.73 Mil. It means China Rongzhong Financial Holdings Co's Accounts Receivable declined by HK$2.73 Mil from Mar. 2023 to Mar. 2024 .

China Rongzhong Financial Holdings Co's Accounts Receivable for the quarter that ended in Mar. 2024 was HK$6.55 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. China Rongzhong Financial Holdings Co's Days Sales Outstanding for the six months ended in Mar. 2024 was 30.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Rongzhong Financial Holdings Co's liquidation value for the six months ended in Mar. 2024 was HK$-55.07 Mil.

China Rongzhong Financial Holdings Co Change In Receivables Historical Data

The historical data trend for China Rongzhong Financial Holdings 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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China Rongzhong Financial Holdings Co Change In Receivables Chart

China Rongzhong Financial Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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14.94

8.40

23.02

11.95

2.73

China Rongzhong Financial Holdings Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Change In Receivables	Get a 7-Day Free Trial														-	-	-	-	-

China Rongzhong Financial Holdings 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0.00 Mil.

China Rongzhong Financial Holdings Co (HKSE:03963) 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.

China Rongzhong Financial Holdings Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.546	/	39.807	*	91
=	30.01

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

China Rongzhong Financial Holdings Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.972	-	66.954	+	0.75 * 6.546	+	0.5 * 0
=	-55.07

China Rongzhong Financial Holdings Co Change In Receivables Related Terms

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China Rongzhong Financial Holdings Co Business Description

Industry

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Address

89 Queensway, Unit 3901, 39th floor, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.chinarzfh.com

China Rongzhong Financial Holdings Co Ltd provides financial leasing services in the People's Republic of China. It operates in two segments Leasing services which include direct leasing and operating lease; and Debt collection and credit investigation services. It also provides advisory and consultancy services to its finance lease customers. Its revenue is derived from advisory income and interest income from the loan, government incentives, and bank interest income. The majority of the company's revenue from operations is derived from the People's Republic of China.

Executives

Goldbond Group Holdings Limited	2101 Beneficial owner
Wong Yu Lung, Charles	2301 Trustee
Wong Fang Pik Chun	2301 Trustee
Kwok Gareth Wing-sien	2202 Interest of your spouse
Wong Yatyee Michelle	2305 Beneficiary of a trust
Wong Jacqueline Yue Yee	2305 Beneficiary of a trust
Xie Xiaoqing
Yong Hua International Limited
Perfect Honour Limited	2101 Beneficial owner
Yeung Nam	2202 Interest of your spouse
Lee Cheuk Yin Dannis	2101 Beneficial owner
Zhao John Huan	2201 Interest of corporation controlled by you
Silver Creation Investments Limited	2101 Beneficial owner
Hony Managing Partners Limited	2201 Interest of corporation controlled by you
Hony Group Management Limited	2201 Interest of corporation controlled by you

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