Cheerwin Group (HKSE:06601) Change In Receivables : HK$15 Mil (TTM As of Dec. 2023)

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What is Cheerwin Group Change In Receivables?

Cheerwin Group's change in receivables for the quarter that ended in Dec. 2023 was HK$101 Mil. It means Cheerwin Group's Accounts Receivable declined by HK$101 Mil from Jun. 2023 to Dec. 2023 .

Cheerwin Group's change in receivables for the fiscal year that ended in Dec. 2023 was HK$15 Mil. It means Cheerwin Group's Accounts Receivable declined by HK$15 Mil from Dec. 2022 to Dec. 2023 .

Cheerwin Group's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$17 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. Cheerwin Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 5.90.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cheerwin Group's liquidation value for the six months ended in Dec. 2023 was HK$2,209 Mil.

Cheerwin Group Change In Receivables Historical Data

The historical data trend for Cheerwin 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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Cheerwin Group Change In Receivables Chart

Cheerwin Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-71.18

-10.73

82.85

-28.78

15.32

Cheerwin Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial						213.97	-196.88	158.79	-85.22	100.54

Cheerwin 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$15 Mil.

Cheerwin Group (HKSE:06601) 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.

Cheerwin 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
=	17.08	/	528.103	*	91
=	5.90

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

Cheerwin 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)
=	3032.784	-	982.95	+	0.75 * 17.08	+	0.5 * 293.169
=	2,209

Cheerwin Group Change In Receivables Related Terms

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Cheerwin Group (HKSE:06601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cheerwin Group Ltd (HKSE:06601) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Luju Road, Liwan District, Guangdong Province, Guangzhou, CHN, 510370

Website

https://www.cheerwin.com

Cheerwin Group Ltd is an investment holding company. It is mainly manufacturing and trading of household insecticides and repellents, household cleaning, air care, personal care, pet care, and other products in China. company revenue is geographically derived from PRC.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Chen Kaichen
Chen Kaixuan
Li Ruohong
Ma Huizhen
Morgan Stanley & Co. International Plc	2105 Underwriter
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk)	2201 Interest of corporation controlled by you
Chao Yun Huan Qiu You Xian Gong Si

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