China Southern Airlines Co (SHSE:600029) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is China Southern Airlines Co Change In Receivables?

China Southern Airlines Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means China Southern Airlines Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

China Southern Airlines Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-1,770 Mil. It means China Southern Airlines Co's Accounts Receivable increased by ¥1,770 Mil from Dec. 2022 to Dec. 2023 .

China Southern Airlines Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥4,406 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. China Southern Airlines Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 9.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Southern Airlines Co's liquidation value for the three months ended in Mar. 2024 was ¥-242,658 Mil.

China Southern Airlines Co Change In Receivables Historical Data

The historical data trend for China Southern Airlines 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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China Southern Airlines Co Change In Receivables Chart

China Southern Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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1,073.00

1,309.00

-1,481.00

1,434.00

-1,770.00

China Southern Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China Southern Airlines 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

China Southern Airlines Co (SHSE:600029) 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.

China Southern Airlines Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4406	/	44601	*	91
=	9.01

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

China Southern Airlines Co'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)
=	13615	-	260476	+	0.75 * 4406	+	0.5 * 1798
=	-242,658

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China Southern Airlines Co (SHSE:600029) Business Description

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CHKIF:USA 01055:Hong Kong ZNHH:Germany

Address

68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403

Website

https://www.csair.com

China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

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