WANG & LEE Group (WANG & LEE Group) Change In Receivables : $-0.63 Mil (TTM As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is WANG & LEE Group Change In Receivables?

WANG & LEE Group's change in receivables for the quarter that ended in Dec. 2023 was $0.00 Mil. It means WANG & LEE Group's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

WANG & LEE Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-4.00 Mil. It means WANG & LEE Group's Accounts Receivable increased by $4.00 Mil from Dec. 2022 to Dec. 2023 .

WANG & LEE Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $4.12 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. WANG & LEE Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 139.36.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. WANG & LEE Group's liquidation value for the six months ended in Dec. 2023 was $2.51 Mil.

WANG & LEE Group Change In Receivables Historical Data

The historical data trend for WANG & LEE Group'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.

* Premium members only.

WANG & LEE Group Change In Receivables Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.25

0.11

-0.64

-4.00

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial			-0.30	-0.01	-0.63	-	-

WANG & LEE Group 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 $-0.63 Mil.

WANG & LEE Group (NAS:WLGS) 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.

WANG & LEE Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.115	/	5.389	*	91
=	139.36

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

WANG & LEE Group'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)
=	5.21	-	5.782	+	0.75 * 4.115	+	0.5 * 0
=	2.51

WANG & LEE Group Change In Receivables Related Terms

Thank you for viewing the detailed overview of WANG & LEE Group's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

WANG & LEE Group (WANG & LEE Group) Headlines

From GuruFocus

WANG & LEE GROUP, Inc. Announces Closing of $8 Million Initial Public Offering

By sperokesalga sperokesalga • 04-24-2023

WANG & LEE GROUP, Inc. Bid Price Deficiency

By Marketwired • 10-25-2023