Edensoft Holdings (HKSE:01147) Change In Receivables : HK$-105.2 Mil (TTM As of Dec. 2023)

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What is Edensoft Holdings Change In Receivables?

Edensoft Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$-37.0 Mil. It means Edensoft Holdings's Accounts Receivable increased by HK$37.0 Mil from Jun. 2023 to Dec. 2023 .

Edensoft Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-105.2 Mil. It means Edensoft Holdings's Accounts Receivable increased by HK$105.2 Mil from Dec. 2022 to Dec. 2023 .

Edensoft Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$208.2 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. Edensoft Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 101.84.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Edensoft Holdings's liquidation value for the six months ended in Dec. 2023 was HK$-38.3 Mil.

Edensoft Holdings Change In Receivables Historical Data

The historical data trend for Edensoft 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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Edensoft Holdings Change In Receivables Chart

Edensoft Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-15.52

-24.84

-10.26

-13.87

-105.17

Edensoft Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial								24.71	-31.17	15.83	-68.22	-36.95

Edensoft 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 HK$-105.2 Mil.

Edensoft Holdings (HKSE:01147) 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.

Edensoft 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
=	208.203	/	373.114	*	91
=	101.84

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

Edensoft 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)
=	22.728	-	266.249	+	0.75 * 208.203	+	0.5 * 98.21
=	-38.3

Edensoft Holdings Change In Receivables Related Terms

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Edensoft Holdings (HKSE:01147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edensoft Holdings Ltd (HKSE:01147) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Hua Fu Street, 1006 Shennan Road, West, 2nd Floor, Building A, Futian Technology Square, Shenzhen International Innovation Center, Futian District, Shenzhen, CHN

Website

https://www.edensoft.com.cn

Edensoft Holdings Ltd is engaged in provision of IT infrastructure services, IT implementation and supporting services and cloud services in the PRC. Its segment includes IT infrastructure services; IT implementation and supporting services; and Cloud services. It derives key revenue from the IT infrastructure services segment that assess customers' needs and their existing IT environment and providing IT infrastructure services by advising them on the suitable hardware and software products that their IT environment would require, and procuring the relevant hardware and software products from IT products vendors and installing these IT products in customers' IT environment. It operates in Mainland China and Hong Kong, of which prime revenue is derived from Mainland China.

Executives

Ding Xinyun	2201 Interest of corporation controlled by you
Green Leaf Development Limited	2201 Interest of corporation controlled by you
Aztec Pearl Limited	2101 Beneficial owner
Cai Aaron Ding	2401 A concert party to an agreement to buy shares
Tricor Equity Trustee Limited	2301 Trustee
Yan Shi	2202 Interest of your spouse

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