Hong Lai Huat Group (SGX:CTO) Change In Receivables : S$0.11 Mil (TTM As of Dec. 2023)

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What is Hong Lai Huat Group Change In Receivables?

Hong Lai Huat Group's change in receivables for the quarter that ended in Dec. 2023 was S$0.10 Mil. It means Hong Lai Huat Group's Accounts Receivable declined by S$0.10 Mil from Jun. 2023 to Dec. 2023 .

Hong Lai Huat Group's change in receivables for the fiscal year that ended in Dec. 2023 was S$0.11 Mil. It means Hong Lai Huat Group's Accounts Receivable declined by S$0.11 Mil from Dec. 2022 to Dec. 2023 .

Hong Lai Huat Group's Accounts Receivable for the quarter that ended in Dec. 2023 was S$0.16 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. Hong Lai Huat Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 550.94.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hong Lai Huat Group's liquidation value for the six months ended in Dec. 2023 was S$5.21 Mil.

Hong Lai Huat Group Change In Receivables Historical Data

The historical data trend for Hong Lai Huat 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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Hong Lai Huat Group Change In Receivables Chart

Hong Lai Huat Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-13.90

9.69

4.21

4.05

0.11

Hong Lai Huat Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															12.59	3.75	0.30	0.01	0.10

Hong Lai Huat 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$0.11 Mil.

Hong Lai Huat Group (SGX:CTO) 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.

Hong Lai Huat Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.16	/	0.053	*	91
=	550.94

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

Hong Lai Huat Group'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)
=	3.975	-	22.063	+	0.75 * 0.16	+	0.5 * 46.352
=	5.21

Hong Lai Huat Group Change In Receivables Related Terms

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Hong Lai Huat Group (SGX:CTO) Business Description

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Address

10 Bukit Batok Crescent, No 13-05, The Spire Building, Singapore, SGP, 658079

Website

https://www.honglaihuatgroup.com

Hong Lai Huat Group Ltd is engaged in the agricultural development, cultivation, branding, and merchandising, distribution of cassava. It is also engaged in the development of commercial and residential properties. The company has three reportable segments: Agriculture division; Property development and Real estate division; and Others. The agriculture division carries on the business of agricultural development, cultivation, branding, merchandising, and distribution of cassava. The property development and real estate division, are carrying on the business of investment and prime development of commercial and residential properties. The company earns the majority of its revenue from the agriculture division.