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Ming Shing Group Holdings (Ming Shing Group Holdings) Change In Receivables : $-0.89 Mil (TTM As of Sep. 2023)


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What is Ming Shing Group Holdings Change In Receivables?

Ming Shing Group Holdings's change in receivables for the quarter that ended in Sep. 2023 was $0.33 Mil. It means Ming Shing Group Holdings's Accounts Receivable declined by $0.33 Mil from Mar. 2023 to Sep. 2023 .

Ming Shing Group Holdings's change in receivables for the fiscal year that ended in Mar. 2023 was $-2.10 Mil. It means Ming Shing Group Holdings's Accounts Receivable increased by $2.10 Mil from Mar. 2022 to Mar. 2023 .

Ming Shing Group Holdings's Accounts Receivable for the quarter that ended in Sep. 2023 was $4.22 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. Ming Shing Group Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 58.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ming Shing Group Holdings's liquidation value for the six months ended in Sep. 2023 was $-4.51 Mil.

Ming Shing Group Holdings Change In Receivables Historical Data

The historical data trend for Ming Shing Group 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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Ming Shing Group Holdings Change In Receivables Chart

Ming Shing Group Holdings Annual Data
Trend Mar21 Mar22 Mar23
Change In Receivables
-0.09 -2.42 -2.10

Ming Shing Group Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Change In Receivables Get a 7-Day Free Trial -1.30 -1.12 -0.88 -1.22 0.33

Ming Shing Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.89 Mil.

* 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.

Ming Shing Group Holdings  (NAS:MSW) 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.

Ming Shing Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.218/13.211*91
=58.27

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

Ming Shing Group Holdings's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.418-8.096+0.75 * 4.218+0.5 * 0
=-4.51

* 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.

Ming Shing Group Holdings Change In Receivables Related Terms

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Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Change In Receivables
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Traded in Other Exchanges
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Address
16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG
Website
https://www.ms100.com.hk
Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

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