China Liberal Education Holdings (China Liberal Education Holdings) Change In Receivables : $3.56 Mil (TTM As of Dec. 2023)

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What is China Liberal Education Holdings Change In Receivables?

China Liberal Education Holdings's change in receivables for the quarter that ended in Dec. 2023 was $3.14 Mil. It means China Liberal Education Holdings's Accounts Receivable declined by $3.14 Mil from Jun. 2023 to Dec. 2023 .

China Liberal Education Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $3.56 Mil. It means China Liberal Education Holdings's Accounts Receivable declined by $3.56 Mil from Dec. 2022 to Dec. 2023 .

China Liberal Education Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $1.45 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Liberal Education Holdings's liquidation value for the six months ended in Dec. 2023 was $15.25 Mil.

China Liberal Education Holdings Change In Receivables Historical Data

The historical data trend for China Liberal Education 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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China Liberal Education Holdings Change In Receivables Chart

China Liberal Education Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.20

-1.06

1.28

3.31

3.56

China Liberal Education Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial								-0.34	1.12	2.20	0.42	3.14

China Liberal Education 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 semi-annually data reported by the company within the most recent 12 months, which was $3.56 Mil.

China Liberal Education Holdings (NAS:CLEU) 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 Liberal Education 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
=	1.453	/	-6.137	*	91
=

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

China Liberal Education 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)
=	20.338	-	6.264	+	0.75 * 1.453	+	0.5 * 0.167
=	15.25

China Liberal Education Holdings Change In Receivables Related Terms

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China Liberal Education Holdings (China Liberal Education Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Liberal Education Holdings Ltd (NAS:CLEU) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A1 Chaoqian Road, Room 805, Block 15, Science and Technology Park, Changping District, Beijing, CHN, 102200

Website

http://www.chinaliberal.com

China Liberal Education Holdings Ltd is an educational service provider operating in China. The company's operating segment includes Sino-foreign Jointly Managed Academic Programs, textbooks and course material sales, Overseas Study Consulting Services, Technological Consulting Services for Smart Campus Solutions and Tailored Job Readiness Training Services. Geographically, it derives revenue from China.