Lufax Holding (HKSE:06623) Change In Receivables : HK$0 Mil (TTM As of Sep. 2024)

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What is Lufax Holding Change In Receivables?

Lufax Holding's change in receivables for the quarter that ended in Sep. 2024 was HK$0 Mil. It means Lufax Holding's Accounts Receivable stayed the same from Jun. 2024 to Sep. 2024 .

Lufax Holding's change in receivables for the fiscal year that ended in Dec. 2023 was HK$0 Mil. It means Lufax Holding's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Lufax Holding's Accounts Receivable for the quarter that ended in Sep. 2024 was HK$4,994 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. Lufax Holding's Days Sales Outstanding for the three months ended in Sep. 2024 was 94.33.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lufax Holding's liquidation value for the three months ended in Sep. 2024 was HK$-97,319 Mil.

Lufax Holding Change In Receivables Historical Data

The historical data trend for Lufax Holding'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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Lufax Holding Change In Receivables Chart

Lufax Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-38,595.74

-81,672.84

-123,867.90

Lufax Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Lufax Holding 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.

Lufax Holding (HKSE:06623) 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.

Lufax Holding's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4993.832	/	4830.823	*	91
=	94.33

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

Lufax Holding's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	31181.354	-	132245.353	+	0.75 * 4993.832	+	0.5 * 0
=	-97,319

Lufax Holding Change In Receivables Related Terms

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Lufax Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lufax Holding Ltd (HKSE:06623) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

LU:USA 0VU0:Germany

Address

Jinxiu East Road, Lane 2777, Pudong New District, Building No. 6, Shanghai, CHN

Website

https://www.lu.com

Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.

Executives

Dou Wenwei	2201 Interest of corporation controlled by you
Lanbang Investment Company Limited	2201 Interest of corporation controlled by you
Shi Jingkui	2201 Interest of corporation controlled by you
Tongjun Investment Company Limited	2201 Interest of corporation controlled by you
Tun Kung Company Limited	2101 Beneficial owner
Wang Wenjun	2201 Interest of corporation controlled by you
Yang Xuelian	2201 Interest of corporation controlled by you
An Ke Technology Company Limited	2101 Beneficial owner
Shenzhen Ping An Financial Technology Consulting Co., Ltd.	2201 Interest of corporation controlled by you
China Ping An Insurance Overseas (holdings) Limited	2101 Beneficial owner
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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