Heatec Jietong Holdings (SGX:5OR) Change In Receivables : S$-0.93 Mil (TTM As of Jun. 2023)

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What is Heatec Jietong Holdings Change In Receivables?

Heatec Jietong Holdings's change in receivables for the quarter that ended in Jun. 2023 was S$-0.77 Mil. It means Heatec Jietong Holdings's Accounts Receivable increased by S$0.77 Mil from Dec. 2022 to Jun. 2023 .

Heatec Jietong Holdings's change in receivables for the fiscal year that ended in Dec. 2022 was S$0.60 Mil. It means Heatec Jietong Holdings's Accounts Receivable declined by S$0.60 Mil from Dec. 2021 to Dec. 2022 .

Heatec Jietong Holdings's Accounts Receivable for the quarter that ended in Jun. 2023 was S$6.96 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. Heatec Jietong Holdings's Days Sales Outstanding for the six months ended in Jun. 2023 was 108.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Heatec Jietong Holdings's liquidation value for the six months ended in Jun. 2023 was S$-5.14 Mil.

Heatec Jietong Holdings Change In Receivables Historical Data

The historical data trend for Heatec Jietong 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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Heatec Jietong Holdings Change In Receivables Chart

Heatec Jietong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-1.75

3.48

-0.33

1.65

0.60

Heatec Jietong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial															-1.98	3.63	0.76	-0.16	-0.77

Heatec Jietong 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-0.93 Mil.

Heatec Jietong Holdings (SGX:5OR) 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.

Heatec Jietong Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.963	/	11.751	*	91
=	108.14

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

Heatec Jietong Holdings's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.485	-	12.027	+	0.75 * 6.963	+	0.5 * 0.353
=	-5.14

Heatec Jietong Holdings Change In Receivables Related Terms

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Heatec Jietong Holdings (SGX:5OR) Business Description

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Address

No. 10 Tuas South Street 15, Singapore, SGP, 637076

Website

http://www.heatecholdings.com

Heatec Jietong Holdings Ltd is engaged in offering piping and heat exchanger services for the marine and oil and gas industries. The company's segments include Piping, Heat Exchangers, and Chemical cleaning. The Piping segment is engaged in the fabrication and installation of various types of piping. The Heat Exchanger segment, which derives the majority of revenue, engages in servicing and fabrication of heat exchangers. The Chemical cleaning segment is engaged in the provision of chemical cleaning services to ships and marine vessels. The Group's operations are carried out in Singapore.

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