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RAY (Raytech Holding) Change In Receivables : $-0.99 Mil (TTM As of Mar. 2024)


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What is Raytech Holding Change In Receivables?

Raytech Holding's change in receivables for the quarter that ended in Mar. 2024 was $-0.91 Mil. It means Raytech Holding's Accounts Receivable increased by $0.91 Mil from Sep. 2023 to Mar. 2024 .

Raytech Holding's change in receivables for the fiscal year that ended in Mar. 2024 was $-0.99 Mil. It means Raytech Holding's Accounts Receivable increased by $0.99 Mil from Mar. 2023 to Mar. 2024 .

Raytech Holding's Accounts Receivable for the quarter that ended in Mar. 2024 was $1.86 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. Raytech Holding's Days Sales Outstanding for the six months ended in Mar. 2024 was 78.26.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Raytech Holding's liquidation value for the six months ended in Mar. 2024 was $2.65 Mil.

Raytech Holding Change In Receivables Historical Data

The historical data trend for Raytech 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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Raytech Holding Change In Receivables Chart

Raytech Holding Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Change In Receivables
-0.04 -0.52 -0.12 -0.99

Raytech Holding Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Change In Receivables Get a 7-Day Free Trial -0.30 0.20 -0.31 -0.08 -0.91

Raytech 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.99 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.

Raytech Holding  (NAS:RAY) 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.

Raytech Holding's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.861/4.34*91
=78.26

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

Raytech Holding's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=4.587-3.456+0.75 * 1.861+0.5 * 0.237
=2.65

* 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.

Raytech Holding Change In Receivables Related Terms

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Raytech Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raytech Holding Ltd (NAS:RAY) » Definitions » Change In Receivables
Comparable Companies
Traded in Other Exchanges
N/A
Address
No.19 Lam Lok Street, Unit 609, 6th Floor, Nan Fung Commercial Centre, Kowloon Bay, Hong Kong, HKG
Website
https://www.raytech.com.hk
Raytech Holding Ltd is principally engaged in product designing and manufacturing of various product ranges such as Hair Care, Men's Care and Women's Care products. It has sourced and wholesaled a wide range of personal care electrical appliances, which can be broadly classified into seven categories: hair styling series, including hair dryer, hair straightener and curling iron; trimmer series, including facial shaver, nose trimmer and eyebrow trimmer; eyelash curler; neck care series; nail care series; tooling and other personal care appliances such as body and facial brush, reset brush, callus remover, sonic peeling, handy fan and others. Raytech manufactures products under OEM and ODM.