Wecon Holdings (HKSE:01793) Change In Receivables : HK$-0.3 Mil (TTM As of Sep. 2023)

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What is Wecon Holdings Change In Receivables?

Wecon Holdings's change in receivables for the quarter that ended in Sep. 2023 was HK$-43.4 Mil. It means Wecon Holdings's Accounts Receivable increased by HK$43.4 Mil from Mar. 2023 to Sep. 2023 .

Wecon Holdings's change in receivables for the fiscal year that ended in Mar. 2023 was HK$70.5 Mil. It means Wecon Holdings's Accounts Receivable declined by HK$70.5 Mil from Mar. 2022 to Mar. 2023 .

Wecon Holdings's Accounts Receivable for the quarter that ended in Sep. 2023 was HK$176.8 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. Wecon Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 65.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Wecon Holdings's liquidation value for the six months ended in Sep. 2023 was HK$-9.4 Mil.

Wecon Holdings Change In Receivables Historical Data

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

Wecon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-50.75

-88.96

74.22

-62.67

70.46

Wecon Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial									-95.33	32.65	27.39	43.07	-43.40

Wecon 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$-0.3 Mil.

Wecon Holdings (HKSE:01793) 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.

Wecon 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
=	176.757	/	494.39	*	91
=	65.25

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

Wecon 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)
=	57.01	-	198.935	+	0.75 * 176.757	+	0.5 * 0
=	-9.4

Wecon Holdings Change In Receivables Related Terms

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Wecon Holdings (HKSE:01793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wecon Holdings Ltd (HKSE:01793) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

244-252 Des Voeux Road Central, 18th Floor, Tung Hip Commercial Building, Hong Kong, HKG

Website

https://www.wecon.com.hk

Wecon Holdings Ltd is an investment holding company. The company's operating segment includes Building construction services and RMAA works services. The Building construction services provided by the group primarily consist of building works for new buildings, including residential, commercial, and industrial buildings. Its RMAA works services include the general upkeep, maintenance, improvement, refurbishment, alteration, and addition of existing facilities and components of buildings and their surroundings. It generates maximum revenue from the Construction contracts segment. Geographically, it derives revenue from Hong Kong.

Executives

Triple Arch Limited	2101 Beneficial owner
Lai Yuk Lin Eliza	2202 Interest of your spouse
Tsang Ka Yip	2201 Interest of corporation controlled by you

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