Accel Group Holdings (HKSE:01283) Change In Receivables : HK$-98.1 Mil (TTM As of Sep. 2023)

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What is Accel Group Holdings Change In Receivables?

Accel Group Holdings's change in receivables for the quarter that ended in Sep. 2023 was HK$26.6 Mil. It means Accel Group Holdings's Accounts Receivable declined by HK$26.6 Mil from Mar. 2023 to Sep. 2023 .

Accel Group Holdings's change in receivables for the fiscal year that ended in Mar. 2023 was HK$-139.4 Mil. It means Accel Group Holdings's Accounts Receivable increased by HK$139.4 Mil from Mar. 2022 to Mar. 2023 .

Accel Group Holdings's Accounts Receivable for the quarter that ended in Sep. 2023 was HK$96.9 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. Accel Group Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 62.62.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Accel Group Holdings's liquidation value for the six months ended in Sep. 2023 was HK$6.3 Mil.

Accel Group Holdings Change In Receivables Historical Data

The historical data trend for Accel 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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Accel Group Holdings Change In Receivables Chart

Accel Group Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-1.68

-80.43

-35.90

-36.70

-139.36

Accel Group Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial								-68.22	31.53	-14.69	-124.67	26.58

Accel 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-98.1 Mil.

Accel Group Holdings (HKSE:01283) 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.

Accel Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	96.87	/	282.337	*	91
=	62.62

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

Accel Group Holdings's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	91.222	-	157.581	+	0.75 * 96.87	+	0.5 * 0
=	6.3

Accel Group Holdings Change In Receivables Related Terms

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Accel Group Holdings (HKSE:01283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Accel Group Holdings Ltd (HKSE:01283) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Unit A, 19/F TML Tower, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.chittathk.com

Accel Group Holdings Ltd is an electrical and mechanical (E&M) engineering services provider. The company's main business is to install E&M facilities for various developers, including the installation of an air-conditioning system, drainage system, water supply, swimming pool and fountain system, electrical and control system as well as smart electrical control system in buildings. Geographically, it derives revenue from Hong Kong.

Executives

Lightspeed Limited	2101 Beneficial owner
Cheung Mei Lan	2202 Interest of your spouse
Ko Lai Hung	2101 Beneficial owner

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