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ZhongAn Online P&C Insurance Co (HKSE:06060) Change In Receivables : HK$0 Mil (TTM As of Dec. 2023)


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What is ZhongAn Online P&C Insurance Co Change In Receivables?

ZhongAn Online P&C Insurance Co's change in receivables for the quarter that ended in Dec. 2023 was HK$0 Mil. It means ZhongAn Online P&C Insurance Co's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

ZhongAn Online P&C Insurance Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$0 Mil. It means ZhongAn Online P&C Insurance Co's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

ZhongAn Online P&C Insurance Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$402 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. ZhongAn Online P&C Insurance Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 4.38.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ZhongAn Online P&C Insurance Co's liquidation value for the six months ended in Dec. 2023 was HK$-13,968 Mil.

ZhongAn Online P&C Insurance Co Change In Receivables Historical Data

The historical data trend for ZhongAn Online P&C Insurance 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.

* Premium members only.

ZhongAn Online P&C Insurance Co Change In Receivables Chart

ZhongAn Online P&C Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,663.42 -1,363.24 -1,093.68 -1,659.60 -

ZhongAn Online P&C Insurance Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 977.06 -439.81 -1,240.61 - -

ZhongAn Online P&C Insurance 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$0 Mil.

* 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.

ZhongAn Online P&C Insurance Co  (HKSE:06060) 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.

ZhongAn Online P&C Insurance 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
=401.828/16747.308*91
=4.38

2. In Ben Graham's calculation of liquidation value, ZhongAn Online P&C Insurance Co's accounts receivable are only considered to be worth 75% of book value:

ZhongAn Online P&C Insurance 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)
=10658.053-24927.421+0.75 * 401.828+0.5 * 0
=-13,968

* 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.

ZhongAn Online P&C Insurance Co Change In Receivables Related Terms

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ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ZhongAn Online P&C Insurance Co Ltd (HKSE:06060) » Definitions » Change In Receivables
Comparable Companies
HKSE:00222 PGR CB TSE:8766 TRV ALL HKSE:01339 HKSE:02328 TSX:IFC TSX:FFH MKL TSE:8725 WRB CINF ASX:QBE L TSE:8630 ASX:SUN CNA WAR:PZU
Traded in Other Exchanges
ZZHGF:USA ZZHGY:USA 1ZO:Germany
Address
219 Yuanmingyuan Road, Shanghai, CHN
Website
https://www.zhongan.com
ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.
Executives
Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ma Huateng 2201 Interest of corporation controlled by you
Tencent Holdings Limited 2201 Interest of corporation controlled by you
Shen Zhen Shi Teng Xun Ji Suan Ji Xi Tong You Xian Gong Si 2101 Beneficial owner
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Asia Pacific Promotion Limited 2201 Interest of corporation controlled by you
Shen Zhen Ri Xun Wang Lu Ke Ji Gu Fen You Xian Gong Si 2101 Beneficial owner
Sinolink Worldwide Holdings Limited 2201 Interest of corporation controlled by you
Timeway Holdings Limited 2201 Interest of corporation controlled by you
Ou Yaping 2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner

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