Glory Flame Holdings (HKSE:08059) Change In Receivables : HK$0.0 Mil (TTM As of Dec. 2023)

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What is Glory Flame Holdings Change In Receivables?

Glory Flame Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$0.0 Mil. It means Glory Flame Holdings's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Glory Flame Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$8.3 Mil. It means Glory Flame Holdings's Accounts Receivable declined by HK$8.3 Mil from Dec. 2022 to Dec. 2023 .

Glory Flame Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$56.1 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. Glory Flame Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 205.70.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Glory Flame Holdings's liquidation value for the three months ended in Dec. 2023 was HK$-51.9 Mil.

Glory Flame Holdings Change In Receivables Historical Data

The historical data trend for Glory Flame 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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Glory Flame Holdings Change In Receivables Chart

Glory Flame Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-33.36

5.49

0.58

-24.24

8.26

Glory Flame Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Glory Flame 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Glory Flame Holdings (HKSE:08059) 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.

Glory Flame Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.107	/	24.889	*	91
=	205.70

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

Glory Flame Holdings'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)
=	36.153	-	131.051	+	0.75 * 56.107	+	0.5 * 1.856
=	-51.9

Glory Flame Holdings Change In Receivables Related Terms

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Glory Flame Holdings (HKSE:08059) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glory Flame Holdings Ltd (HKSE:08059) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Canton Road, Suite 821, 8th Floor, Ocean Centre, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.gf-holdings.com

Glory Flame Holdings Ltd is an investment holding company. The group mainly engages in the provision of concrete demolition services and manufacturing and trading of prefabricated construction components The geographical segments of the group are Hong Kong and the PRC.

Executives

Zhou Jin	2101 Beneficial owner
Zhu Zhou	2101 Beneficial owner
Huang Cheng	2101 Beneficial owner
Du Hao	2101 Beneficial owner

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