Puhui Wealth Investment Management Co (Puhui Wealth Investment Management Co) Change In Receivables : $1.12 Mil (TTM As of Dec. 2021)

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What is Puhui Wealth Investment Management Co Change In Receivables?

Puhui Wealth Investment Management Co's change in receivables for the quarter that ended in Dec. 2021 was $0.23 Mil. It means Puhui Wealth Investment Management Co's Accounts Receivable declined by $0.23 Mil from Jun. 2021 to Dec. 2021 .

Puhui Wealth Investment Management Co's change in receivables for the fiscal year that ended in Jun. 2021 was $1.70 Mil. It means Puhui Wealth Investment Management Co's Accounts Receivable declined by $1.70 Mil from Jun. 2020 to Jun. 2021 .

Puhui Wealth Investment Management Co's Accounts Receivable for the quarter that ended in Dec. 2021 was $0.01 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. Puhui Wealth Investment Management Co's Days Sales Outstanding for the six months ended in Dec. 2021 was 0.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Puhui Wealth Investment Management Co's liquidation value for the six months ended in Dec. 2021 was $-3.53 Mil.

Puhui Wealth Investment Management Co Change In Receivables Historical Data

The historical data trend for Puhui Wealth Investment Management Co'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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Puhui Wealth Investment Management Co Change In Receivables Chart

Puhui Wealth Investment Management Co Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Change In Receivables

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-0.16

-2.29

-0.65

1.29

1.70

Puhui Wealth Investment Management Co Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Change In Receivables	Get a 7-Day Free Trial							1.48	-0.19	0.81	0.89	0.23

Puhui Wealth Investment Management Co 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. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.12 Mil.

Puhui Wealth Investment Management Co (OTCPK:PHCFF) 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.

Puhui Wealth Investment Management Co's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.005	/	1.008	*	91
=	0.91

2. In Ben Graham's calculation of liquidation value, Puhui Wealth Investment Management Co's accounts receivable are only considered to be worth 75% of book value:

Puhui Wealth Investment Management Co's liquidation value for the quarter that ended in Dec. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.35	-	4.883	+	0.75 * 0.005	+	0.5 * 0
=	-3.53

Puhui Wealth Investment Management Co Change In Receivables Related Terms

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Puhui Wealth Investment Management Co (Puhui Wealth Investment Management Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Puhui Wealth Investment Management Co Ltd (OTCPK:PHCFF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Chang An Street, Room 801, 802, 8th Floor, W1 Office Building, Oriental Commerce Tower, Dong Cheng District, Beijing, CHN, 100006

Website

https://www.puhuiwealth.com

Puhui Wealth Investment Management Co Ltd is a third-party wealth management service provider. The company is focused on the marketing of financial products, and managing funds for individuals and corporate clients. It generates its revenue from the commissions and recurring service fees generated through wealth management product-related services.