Cornerstone Technologies Holdings (HKSE:08391) Change In Receivables : HK$0.0 Mil (TTM As of Dec. 2023)

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What is Cornerstone Technologies Holdings Change In Receivables?

Cornerstone Technologies Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$0.0 Mil. It means Cornerstone Technologies Holdings's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Cornerstone Technologies Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-51.1 Mil. It means Cornerstone Technologies Holdings's Accounts Receivable increased by HK$51.1 Mil from Dec. 2022 to Dec. 2023 .

Cornerstone Technologies Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$34.6 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. Cornerstone Technologies Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 120.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cornerstone Technologies Holdings's liquidation value for the three months ended in Dec. 2023 was HK$-62.3 Mil.

Cornerstone Technologies Holdings Change In Receivables Historical Data

The historical data trend for Cornerstone Technologies 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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Cornerstone Technologies Holdings Change In Receivables Chart

Cornerstone Technologies Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Change In Receivables

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2.26

0.96

-9.84

-5.25

-51.07

Cornerstone Technologies Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Cornerstone Technologies 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 quarterly data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Cornerstone Technologies Holdings (HKSE:08391) 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.

Cornerstone Technologies 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
=	34.625	/	26.183	*	91
=	120.67

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

Cornerstone Technologies 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)
=	23.381	-	114.704	+	0.75 * 34.625	+	0.5 * 6.123
=	-62.3

Cornerstone Technologies Holdings Change In Receivables Related Terms

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Cornerstone Technologies Holdings (HKSE:08391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cornerstone Technologies Holdings Ltd (HKSE:08391) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 9 Science Museum Road, Office Units 1107 - 11, 11th Floor, New East Ocean Centre, Kowloon - District, Hong Kong, HKG

Website

https://www.cstl.com.hk

Cornerstone Technologies Holdings Ltd is an investment holding company. It is a printing services provider which principally engages in the provisions of printing, typesetting and translation services in Hong Kong. The group is also engaged in supplying EV integrated charging solutions, including central management system, hub for e-payment, load management system and license plate recognition system to electric vehicle and smart parking. It derives prime revenue from the Printing business.

Executives

Wu Jianwei	2101 Beneficial owner
Liang Zihao	2101 Beneficial owner
Global Fortune Global Limited	2101 Beneficial owner
Tanner Enterprises Group Limited	2201 Interest of corporation controlled by you
Glorytwin Limited	2101 Beneficial owner
Wu Yanyan	2101 Beneficial owner
Li Man Keung Edwin	2201 Interest of corporation controlled by you
Gateway Capital (hong Kong) Limited	2102 Investment manager
Gaw Growth Equity Fund I Gp Limited	2201 Interest of corporation controlled by you
Abax Asian Structured Private Credit Fund 2022, Lp	2101 Beneficial owner
Abax Global Capital Gp 2022 Ltd.	2201 Interest of corporation controlled by you
Lau Wai Yan Lawson	2101 Beneficial owner

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