China New Consumption Group (HKSE:08275) Change In Receivables : HK$0.0 Mil (TTM As of Sep. 2023)

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What is China New Consumption Group Change In Receivables?

China New Consumption Group's change in receivables for the quarter that ended in Sep. 2023 was HK$0.0 Mil. It means China New Consumption Group's Accounts Receivable stayed the same from Jun. 2023 to Sep. 2023 .

China New Consumption Group's change in receivables for the fiscal year that ended in Mar. 2023 was HK$-0.2 Mil. It means China New Consumption Group's Accounts Receivable increased by HK$0.2 Mil from Mar. 2022 to Mar. 2023 .

China New Consumption Group's Accounts Receivable for the quarter that ended in Sep. 2023 was HK$18.8 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. China New Consumption Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 54.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China New Consumption Group's liquidation value for the three months ended in Sep. 2023 was HK$9.5 Mil.

China New Consumption Group Change In Receivables Historical Data

The historical data trend for China New Consumption 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.

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China New Consumption Group Change In Receivables Chart

China New Consumption Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-19.81

-8.55

-14.42

7.11

-0.20

China New Consumption Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China New Consumption 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

China New Consumption Group (HKSE:08275) 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 New Consumption Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.811	/	31.306	*	91
=	54.83

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

China New Consumption Group'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)
=	42.619	-	47.227	+	0.75 * 18.811	+	0.5 * 0
=	9.5

China New Consumption Group Change In Receivables Related Terms

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China New Consumption Group (HKSE:08275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China New Consumption Group Ltd (HKSE:08275) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-26 Kwai Tak Street, Room 1204, 12th Floor, Block 2, Golden Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.tfcel.com.hk

China New Consumption Group Ltd is a subcontractor primarily engaged in the foundation business in Hong Kong. It offers specialized foundation works, mainly the removal of pre-existing foundations or obstructing piles for urban renewal or railway projects. Geographically, it has a business presence in Hong Kong and Macau, of which key revenue is generated in Hong Kong. The group derives revenue from the construction contract, ancillary services, and machinery rental income.

Executives

Wong Fei Heung Terbe	2201 Interest of corporation controlled by you
Goldstone Wealth Management Limited	2101 Beneficial owner
Goldstone 1 Lpf	2101 Beneficial owner
Lam Yu Chor Paul	2201 Interest of corporation controlled by you
Success Run International Limited	2101 Beneficial owner
Tai Pik Yeung Tyler	2101 Beneficial owner
China New Economy Fund Limited	2101 Beneficial owner

China New Consumption Group (HKSE:08275) Headlines

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