China Technology Industry Group (HKSE:08111) Change In Receivables : HK$0.00 Mil (TTM As of Sep. 2023)

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What is China Technology Industry Group Change In Receivables?

China Technology Industry Group's change in receivables for the quarter that ended in Sep. 2023 was HK$0.00 Mil. It means China Technology Industry Group's Accounts Receivable stayed the same from Jun. 2023 to Sep. 2023 .

China Technology Industry Group's change in receivables for the fiscal year that ended in Mar. 2023 was HK$32.67 Mil. It means China Technology Industry Group's Accounts Receivable declined by HK$32.67 Mil from Mar. 2022 to Mar. 2023 .

China Technology Industry Group's Accounts Receivable for the quarter that ended in Sep. 2023 was HK$104.25 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Technology Industry Group's liquidation value for the three months ended in Sep. 2023 was HK$-12.13 Mil.

China Technology Industry Group Change In Receivables Historical Data

The historical data trend for China Technology Industry 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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China Technology Industry Group Change In Receivables Chart

China Technology Industry Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-141.90

13.22

-47.64

93.00

32.67

China Technology Industry Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China Technology Industry 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0.00 Mil.

China Technology Industry Group (HKSE:08111) 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 Technology Industry Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	104.25	/	0	*	91
=

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

China Technology Industry Group's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.149	-	93.465	+	0.75 * 104.25	+	0.5 * 0
=	-12.13

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China Technology Industry Group (HKSE:08111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Technology Industry Group Ltd (HKSE:08111) » Definitions » Change In Receivables

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Address

Ocean Centre, Suite 704, 7th Floor, Harbour City, Kowloon, Hong Kong, HKG

Website

http://www.chinatechindgroup.com

China Technology Industry Group Ltd is engaged in the Sale of renewable energy products, New energy power system integration business, Sales of self-service automatic teller machine (ATM) systems and printing systems, and Provision of hardware and software technical support services. Key revenue is derived from the Sale of renewable energy products such as solar and wind power-related products. The group operates in the PRC. It has two segments sales of renewable energy products and New energy power system integration business. It generates maximum revenue from the Sales of renewable energy products.

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