IVBXF (Innovent Biologics) Change In Receivables : $-49 Mil (TTM As of Jun. 2024)

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What is Innovent Biologics Change In Receivables?

Innovent Biologics's change in receivables for the quarter that ended in Jun. 2024 was $-50 Mil. It means Innovent Biologics's Accounts Receivable increased by $50 Mil from Dec. 2023 to Jun. 2024 .

Innovent Biologics's change in receivables for the fiscal year that ended in Dec. 2023 was $-60 Mil. It means Innovent Biologics's Accounts Receivable increased by $60 Mil from Dec. 2022 to Dec. 2023 .

Innovent Biologics's Accounts Receivable for the quarter that ended in Jun. 2024 was $189 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. Innovent Biologics's Days Sales Outstanding for the six months ended in Jun. 2024 was 63.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Innovent Biologics's liquidation value for the six months ended in Jun. 2024 was $267 Mil.

Innovent Biologics Change In Receivables Historical Data

The historical data trend for Innovent Biologics'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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Innovent Biologics Change In Receivables Chart

Innovent Biologics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Receivables

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-34.46

-77.41

56.39

-60.31

Innovent Biologics Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Change In Receivables	Get a 7-Day Free Trial												87.69	-61.47	1.35	-50.04	-

Innovent Biologics 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 semi-annually data reported by the company within the most recent 12 months, which was $-49 Mil.

Innovent Biologics (OTCPK:IVBXF) 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.

Innovent Biologics's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	188.697	/	544.79	*	91
=	63.21

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

Innovent Biologics'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)
=	1162.896	-	1084.721	+	0.75 * 188.697	+	0.5 * 95.167
=	267

Innovent Biologics Change In Receivables Related Terms

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Innovent Biologics Business Description

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01801:Hong Kong 6IB:Germany

Address

168 Dongping Street, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123

Website

https://www.innoventbio.com

Innovent Biologics, or Innovent, is one of the leading biotechnology companies in China. Listed on the Hong Kong Exchange in 2018, Innovent has eight commercialized oncology products and two commercialized non-oncology products as of August 2023. Its core asset is Tyvyt, a PD-1 inhibitor included in the National Reimbursement Drug Lists for the first-line treatment of five major cancers. Innovent has over 30 strategic collaborations with global pharmaceutical or biotech companies, such as Eli Lilly, Roche Group, Incyte, and others. It also has a wide spectrum of therapeutic targets in early clinical developments. Among its upcoming pipelines, the potential blockbuster is Mazdutide, a therapy for obesity and type 2 diabetes.