China Education Group Holdings (HKSE:00839) Change In Receivables : HK$0 Mil (TTM As of Aug. 2023)

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What is China Education Group Holdings Change In Receivables?

China Education Group Holdings's change in receivables for the quarter that ended in Aug. 2023 was HK$0 Mil. It means China Education Group Holdings's Accounts Receivable stayed the same from Feb. 2023 to Aug. 2023 .

China Education Group Holdings's change in receivables for the fiscal year that ended in Aug. 2023 was HK$51 Mil. It means China Education Group Holdings's Accounts Receivable declined by HK$51 Mil from Aug. 2022 to Aug. 2023 .

China Education Group Holdings's Accounts Receivable for the quarter that ended in Aug. 2023 was HK$33 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 Education Group Holdings's Days Sales Outstanding for the six months ended in Aug. 2023 was 1.99.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Education Group Holdings's liquidation value for the six months ended in Aug. 2023 was HK$-12,611 Mil.

China Education Group Holdings Change In Receivables Historical Data

The historical data trend for China Education 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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China Education Group Holdings Change In Receivables Chart

China Education Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

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-265.98

-238.93

76.91

-121.15

50.75

China Education Group Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Change In Receivables	Get a 7-Day Free Trial													-105.77	-21.89	-	-	-

China Education 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

China Education Group Holdings (HKSE:00839) 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 Education Group Holdings's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	33.471	/	3067.422	*	91
=	1.99

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

China Education Group Holdings's liquidation value for the quarter that ended in Aug. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6205.025	-	18840.733	+	0.75 * 33.471	+	0.5 * 0
=	-12,611

China Education Group Holdings Change In Receivables Related Terms

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China Education Group Holdings (HKSE:00839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Education Group Holdings Ltd (HKSE:00839) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CEGHF:USA C3W:Germany

Address

18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.chinaeducation.hk

China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

Executives

Blue Sky Education International Limited	2401 A concert party to an agreement to buy shares
White Clouds Education International Limited	2401 A concert party to an agreement to buy shares
Cantrust (far East) Limited	2301 Trustee
Passionate Jade Holding Limited	2201 Interest of corporation controlled by you
Shimmery Diamond Holding Limited	2201 Interest of corporation controlled by you
Xie Ketao	2501 Other
Yu Guo	2501 Other
Yu Kai	2501 Other

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