KUKE (Kuke Music Holding) Change In Receivables : $0.00 Mil (TTM As of Jun. 2024)

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What is Kuke Music Holding Change In Receivables?

Kuke Music Holding's change in receivables for the quarter that ended in Jun. 2024 was $0.00 Mil. It means Kuke Music Holding's Accounts Receivable stayed the same from Dec. 2023 to Jun. 2024 .

Kuke Music Holding's change in receivables for the fiscal year that ended in Dec. 2023 was $-2.17 Mil. It means Kuke Music Holding's Accounts Receivable increased by $2.17 Mil from Dec. 2022 to Dec. 2023 .

Kuke Music Holding's Accounts Receivable for the quarter that ended in Jun. 2024 was $7.97 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. Kuke Music Holding's Days Sales Outstanding for the six months ended in Jun. 2024 was 168.57.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kuke Music Holding's liquidation value for the six months ended in Jun. 2024 was $-22.87 Mil.

Kuke Music Holding Change In Receivables Historical Data

The historical data trend for Kuke Music Holding'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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Kuke Music Holding Change In Receivables Chart

Kuke Music Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-9.66

-4.06

0.39

7.51

-2.17

Kuke Music Holding Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial							-6.26	13.52	-	-	-

Kuke Music Holding 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 $0.00 Mil.

Kuke Music Holding (NYSE:KUKE) 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.

Kuke Music Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.974	/	8.633	*	91
=	168.57

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

Kuke Music Holding'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)
=	0.252	-	29.174	+	0.75 * 7.974	+	0.5 * 0.135
=	-22.87

Kuke Music Holding Change In Receivables Related Terms

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Kuke Music Holding Business Description

Industry

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Traded in Other Exchanges

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Address

4 San Jian Fang South Block, Building 96, Chaoyang District, Beijing, CHN, 100024

Website

https://www.kuke.com

Kuke Music Holding Ltd provides classical music licensing, subscription, and education services in China. The company licenses its music content to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music, as well as film and TV production companies, airlines, and smart hardware companies. Users can access the platform through the website, mobile app, and smart music devices.