Kangji Medical Holdings (HKSE:09997) Change In Receivables : HK$-81 Mil (TTM As of Dec. 2023)

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What is Kangji Medical Holdings Change In Receivables?

Kangji Medical Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$-73 Mil. It means Kangji Medical Holdings's Accounts Receivable increased by HK$73 Mil from Jun. 2023 to Dec. 2023 .

Kangji Medical Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-81 Mil. It means Kangji Medical Holdings's Accounts Receivable increased by HK$81 Mil from Dec. 2022 to Dec. 2023 .

Kangji Medical Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$247 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. Kangji Medical Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 78.78.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kangji Medical Holdings's liquidation value for the six months ended in Dec. 2023 was HK$2,833 Mil.

Kangji Medical Holdings Change In Receivables Historical Data

The historical data trend for Kangji Medical 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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Kangji Medical Holdings Change In Receivables Chart

Kangji Medical Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-28.71

-18.71

6.95

-90.42

-81.19

Kangji Medical Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial							-9.50	-40.86	-51.49	-8.37	-72.82

Kangji Medical 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$-81 Mil.

Kangji Medical Holdings (HKSE:09997) 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.

Kangji Medical 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
=	246.684	/	571.427	*	91
=	78.78

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

Kangji Medical 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)
=	2940.118	-	349.979	+	0.75 * 246.684	+	0.5 * 115.071
=	2,833

Kangji Medical Holdings Change In Receivables Related Terms

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Kangji Medical Holdings (HKSE:09997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (HKSE:09997) » Definitions » Change In Receivables

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Traded in Other Exchanges

50J:Germany

Address

No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

https://www.kangjimedical.com

Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.

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