Tao Heung Holdings (Tao Heung Holdings) Change In Receivables : $-1.14 Mil (TTM As of Dec. 2023)

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What is Tao Heung Holdings Change In Receivables?

Tao Heung Holdings's change in receivables for the quarter that ended in Dec. 2023 was $-2.14 Mil. It means Tao Heung Holdings's Accounts Receivable increased by $2.14 Mil from Jun. 2023 to Dec. 2023 .

Tao Heung Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.14 Mil. It means Tao Heung Holdings's Accounts Receivable increased by $1.14 Mil from Dec. 2022 to Dec. 2023 .

Tao Heung Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $7.17 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. Tao Heung Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 7.07.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tao Heung Holdings's liquidation value for the six months ended in Dec. 2023 was $-61.58 Mil.

Tao Heung Holdings Change In Receivables Historical Data

The historical data trend for Tao Heung 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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Tao Heung Holdings Change In Receivables Chart

Tao Heung Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.32

2.43

-3.90

1.07

-1.14

Tao Heung Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-3.01	1.02	0.04	1.00	-2.14

Tao Heung 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.14 Mil.

Tao Heung Holdings (OTCPK:TAOHY) 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.

Tao Heung Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.168	/	184.999	*	91
=	7.07

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

Tao Heung Holdings's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	44.194	-	119.666	+	0.75 * 7.168	+	0.5 * 17.024
=	-61.58

Tao Heung Holdings Change In Receivables Related Terms

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Tao Heung Holdings (Tao Heung Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tao Heung Holdings Ltd (OTCPK:TAOHY) » Definitions » Change In Receivables

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Traded in Other Exchanges

00573:Hong Kong BVI:Germany

Address

Number 18 Dai Fat Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.taoheung.com.hk

Tao Heung Holdings Ltd is a Hong Kong-based company engaged in the provision of food catering services through a chain of restaurants. It is also engaged in chilled and packaged food, bakery operations, production, sale and distribution of food products and other items related to restaurant operations and provision of poultry farm operations. Group operates restaurants under Tao heung, Tao Square, and Tai Cheong Bakery brands. The company operates businesses in Hong Kong and Mainland China of which Hong Kong accounts for a larger share of the company revenue.

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