Zixin Group Holdings (SGX:42W) Change In Receivables : S$-0.22 Mil (TTM As of Sep. 2023)

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What is Zixin Group Holdings Change In Receivables?

Zixin Group Holdings's change in receivables for the quarter that ended in Sep. 2023 was S$-3.92 Mil. It means Zixin Group Holdings's Accounts Receivable increased by S$3.92 Mil from Mar. 2023 to Sep. 2023 .

Zixin Group Holdings's change in receivables for the fiscal year that ended in Mar. 2023 was S$3.76 Mil. It means Zixin Group Holdings's Accounts Receivable declined by S$3.76 Mil from Mar. 2022 to Mar. 2023 .

Zixin Group Holdings's Accounts Receivable for the quarter that ended in Sep. 2023 was S$7.89 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. Zixin Group Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 65.74.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zixin Group Holdings's liquidation value for the six months ended in Sep. 2023 was S$19.23 Mil.

Zixin Group Holdings Change In Receivables Historical Data

The historical data trend for Zixin 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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Zixin Group Holdings Change In Receivables Chart

Zixin Group Holdings Annual Data

Trend

Jun14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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7.62

0.96

-4.31

1.33

3.76

Zixin Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial															1.46	-0.17	0.07	3.69	-3.92

Zixin 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 S$-0.22 Mil.

Zixin Group Holdings (SGX:42W) 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.

Zixin 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
=	7.889	/	21.899	*	91
=	65.74

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

Zixin 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)
=	27.929	-	14.699	+	0.75 * 7.889	+	0.5 * 0.168
=	19.23

Zixin Group Holdings Change In Receivables Related Terms

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Zixin Group Holdings (SGX:42W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zixin Group Holdings Ltd (SGX:42W) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

10 Anson Road, 27- 06 B, International Plaza, Singapore, SGP, 079903

Website

http://www.zixinshuye.com

Zixin Group Holdings Ltd is an investment holding company. The group is engaged in the research, production, and distribution of sweet potato food products across China, processed from purple and orange-fleshed sweet potatoes. The company generates its revenue from Sweet potato processed products and sweet potatoes, where the majority is generated from Sweet potato processed products.

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