Changjiu Holdings (HKSE:06959) Change In Receivables : HK$-65.5 Mil (TTM As of Dec. 2023)

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What is Changjiu Holdings Change In Receivables?

Changjiu Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$24.7 Mil. It means Changjiu Holdings's Accounts Receivable declined by HK$24.7 Mil from Jun. 2023 to Dec. 2023 .

Changjiu Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-65.5 Mil. It means Changjiu Holdings's Accounts Receivable increased by HK$65.5 Mil from Dec. 2022 to Dec. 2023 .

Changjiu Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$174.9 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. Changjiu Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 87.80.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Changjiu Holdings's liquidation value for the six months ended in Dec. 2023 was HK$65.8 Mil.

Changjiu Holdings Change In Receivables Historical Data

The historical data trend for Changjiu 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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Changjiu Holdings Change In Receivables Chart

Changjiu Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

3.86

-24.25

-48.76

-65.49

Changjiu Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial			-	-80.65	28.08	-90.15	24.67

Changjiu 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-65.5 Mil.

Changjiu Holdings (HKSE:06959) 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.

Changjiu Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	174.872	/	363.505	*	91
=	87.80

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

Changjiu Holdings'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)
=	146.814	-	212.196	+	0.75 * 174.872	+	0.5 * 0
=	65.8

Changjiu Holdings Change In Receivables Related Terms

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Changjiu Holdings (HKSE:06959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Changjiu Holdings Ltd (HKSE:06959) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Shigezhuang Road, Changjiu Building, Chaoyang, Beijing, CHN

Website

Changjiu Holdings Ltd provides pledged vehicle monitoring services and automobile dealership operation management services in China. It offers pledged vehicle monitoring services primarily to (i) financial institutions that provide secured financing to automobile dealerships for their purchase of vehicles; and (ii) automobile dealerships with pledged vehicles.

Executives

Bo Shijiu
Li Guiping
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Changjiu Holdings (HKSE:06959) Headlines

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