CNFinance Holdings (CNFinance Holdings) Change In Receivables : $0.0 Mil (TTM As of Dec. 2023)

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What is CNFinance Holdings Change In Receivables?

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

CNFinance Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $0.0 Mil. It means CNFinance Holdings's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

CNFinance Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $47.7 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. CNFinance Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 126.37.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CNFinance Holdings's liquidation value for the three months ended in Dec. 2023 was $-1,317.0 Mil.

CNFinance Holdings Change In Receivables Historical Data

The historical data trend for CNFinance 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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CNFinance Holdings Change In Receivables Chart

CNFinance Holdings Annual Data

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Change In Receivables

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CNFinance Holdings Quarterly Data
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CNFinance 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 $0.0 Mil.

CNFinance Holdings (NYSE:CNF) 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.

CNFinance 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
=	47.674	/	34.424	*	91
=	126.37

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

CNFinance 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)
=	377.675	-	1730.402	+	0.75 * 47.674	+	0.5 * 0
=	-1,317.0

CNFinance Holdings Change In Receivables Related Terms

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CNFinance Holdings (CNFinance Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNFinance Holdings Ltd (NYSE:CNF) » Definitions » Change In Receivables

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Address

No. 16 Zhujiang Dong Road, 44th Floor, Tower G, Guangdong Province, Gold Land Plaza, Tianhe District, Guangzhou, CHN, 510620

Website

https://ir.cashchina.cn

CNFinance Holdings Ltd is an equity loan service provider. It focuses on the development of small and micro-enterprises. It generates revenue in the form of interest and financing service fees on loans and interest on deposits with banks. Its primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. Geographically, it has an operation in PRC.