Sinofortune Financial Holdings (HKSE:08123) Change In Receivables : HK$0.0 Mil (TTM As of Jun. 2024)

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What is Sinofortune Financial Holdings Change In Receivables?

Sinofortune Financial Holdings's change in receivables for the quarter that ended in Jun. 2024 was HK$0.0 Mil. It means Sinofortune Financial Holdings's Accounts Receivable stayed the same from Dec. 2023 to Jun. 2024 .

Sinofortune Financial Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$1.7 Mil. It means Sinofortune Financial Holdings's Accounts Receivable declined by HK$1.7 Mil from Dec. 2022 to Dec. 2023 .

Sinofortune Financial Holdings's Accounts Receivable for the quarter that ended in Jun. 2024 was HK$1.1 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. Sinofortune Financial Holdings's liquidation value for the three months ended in Jun. 2024 was HK$-104.5 Mil.

Sinofortune Financial Holdings Change In Receivables Historical Data

The historical data trend for Sinofortune Financial 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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Sinofortune Financial Holdings Change In Receivables Chart

Sinofortune Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-8.32

18.39

14.19

-2.30

1.67

Sinofortune Financial Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Sinofortune Financial 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Sinofortune Financial Holdings (HKSE:08123) 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.

Sinofortune Financial Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.129	/	0	*	91
=

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

Sinofortune Financial Holdings's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	25.584	-	130.977	+	0.75 * 1.129	+	0.5 * 0.037
=	-104.5

Sinofortune Financial Holdings Change In Receivables Related Terms

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Sinofortune Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sinofortune Financial Holdings Ltd (HKSE:08123) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64-66 Connaught Road, 16th Floor, CMA Building, Central, Hong Kong, HKG

Website

http://www.sinofortune.hk

Sinofortune Financial Holdings Ltd along with its subsidiaries is an integrated financial service and parallel-imported motor vehicles supplier in Hong Kong and the People's Republic of China. The Group is engaged in the provision of securities and futures contracts trading services in Hong Kong, trading of listed securities in Hong Kong, and sales of motor vehicles, provision of agency services and accessories sourcing in the PRC. Its operating segments comprise of Trading of motor vehicles, provision of agency services and accessories sourcing; Brokerage and securities margin financing services; and Trading of listed securities. majority revenue is derived from Trading of motor vehicles, provision of agency services and accessories sourcing segment.

Executives

Wang Jiawei

2101 Beneficial owner

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