China VTV (China VTV) Change In Receivables : $2.01 Mil (TTM As of Aug. 2020)

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What is China VTV Change In Receivables?

China VTV's change in receivables for the quarter that ended in Aug. 2020 was $2.76 Mil. It means China VTV's Accounts Receivable declined by $2.76 Mil from May. 2020 to Aug. 2020 .

China VTV's change in receivables for the fiscal year that ended in Feb. 2020 was $0.00 Mil. It means China VTV's Accounts Receivable stayed the same from Feb. 2019 to Feb. 2020 .

China VTV's Accounts Receivable for the quarter that ended in Aug. 2020 was $0.17 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. China VTV's Days Sales Outstanding for the three months ended in Aug. 2020 was 4.98.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China VTV's liquidation value for the three months ended in Aug. 2020 was $-44.22 Mil.

China VTV Change In Receivables Historical Data

The historical data trend for China VTV'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 VTV Change In Receivables Chart

China VTV Annual Data

Trend

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Change In Receivables

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China VTV Quarterly Data
	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-0.75	2.76

China VTV 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 Aug. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.01 Mil.

China VTV (OTCPK:CVTV) 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 VTV's Days Sales Outstanding for the quarter that ended in Aug. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.165	/	3.024	*	91
=	4.98

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

China VTV's liquidation value for the quarter that ended in Aug. 2020 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.159	-	48.214	+	0.75 * 0.165	+	0.5 * 7.415
=	-44.22

China VTV Change In Receivables Related Terms

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China VTV (China VTV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » China VTV Ltd (OTCPK:CVTV) » Definitions » Change In Receivables

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Address

315-321 Lockhart Road, 23 Floor, Flat C, Wan Chai, Hong Kong, HKG

Website

http://www.tbamm.com

China VTV Ltd is an early stage internet-based online entertainment media company that focuses on audience interaction, entertainment, and business opportunities. It has established a Blockchain cloud-based platform that distributes news, videos, television shows, travel programs, and other entertainment programs via the internet to the end devices, such as computers, smart TVs, smartphones, and tablets. The company generates revenue from the sales of copyrights, original stories, and finished products, licensing literal copyrights, and advertising services.

Executives

Jack Chen

director, 10 percent owner, officer: See Remarks

ROOM 701, BUILDING 13, LANE 51 SHANGZHONG ROAD, XUHUI DISTRICT SHANGHAI F4 00000

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