JiaXing Gas Group Co (HKSE:09908) Change In Receivables : HK$-58 Mil (TTM As of Dec. 2023)

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What is JiaXing Gas Group Co Change In Receivables?

JiaXing Gas Group Co's change in receivables for the quarter that ended in Dec. 2023 was HK$131 Mil. It means JiaXing Gas Group Co's Accounts Receivable declined by HK$131 Mil from Jun. 2023 to Dec. 2023 .

JiaXing Gas Group Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-58 Mil. It means JiaXing Gas Group Co's Accounts Receivable increased by HK$58 Mil from Dec. 2022 to Dec. 2023 .

JiaXing Gas Group Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$262 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. JiaXing Gas Group Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 25.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. JiaXing Gas Group Co's liquidation value for the six months ended in Dec. 2023 was HK$-1,130 Mil.

JiaXing Gas Group Co Change In Receivables Historical Data

The historical data trend for JiaXing Gas Group Co'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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JiaXing Gas Group Co Change In Receivables Chart

JiaXing Gas Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-11.50

-65.61

-60.42

-77.89

-58.06

JiaXing Gas Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial							-7.77	-21.28	-57.62	-188.77	130.71

JiaXing Gas Group Co 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$-58 Mil.

JiaXing Gas Group Co (HKSE:09908) 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.

JiaXing Gas Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	261.906	/	1901.401	*	91
=	25.14

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

JiaXing Gas Group Co'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)
=	399.274	-	1735.088	+	0.75 * 261.906	+	0.5 * 19.148
=	-1,130

JiaXing Gas Group Co Change In Receivables Related Terms

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JiaXing Gas Group Co (HKSE:09908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxrqgs.com

JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.

Executives

Xinneng (hong Kong) Energy Investment Limited	2201 Interest of corporation controlled by you
Enn Natural Gas Co., Ltd.	2201 Interest of corporation controlled by you
Zhao Baoju	2201 Interest of corporation controlled by you
Wang Yusuo	2201 Interest of corporation controlled by you
Langfang City Natural Gas Company Limited	2201 Interest of corporation controlled by you
Enn Yingchuang Technology Co., Ltd.	2201 Interest of corporation controlled by you
Enn Investment Holdings Company Limited	2201 Interest of corporation controlled by you
Enn Group International Investment Limited	2201 Interest of corporation controlled by you
Enn Capital Management Co., Ltd.	2201 Interest of corporation controlled by you
Dan Hongying	2202 Interest of your spouse
Liu Zhenjiang	2201 Interest of corporation controlled by you
Xiang Gang Mei Shi Ju Guo Ji Mao Yi You Xian Gong Si	2101 Beneficial owner
Jia Xing Jin Yuan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Hong Sheng Mu Ye Mao Yi You Xian Gong Si	2101 Beneficial owner
Shen Xiaohong	2201 Interest of corporation controlled by you

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