CMGE Technology Group (HKSE:00302) Change In Receivables : HK$-236 Mil (TTM As of Dec. 2023)

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What is CMGE Technology Group Change In Receivables?

CMGE Technology Group's change in receivables for the quarter that ended in Dec. 2023 was HK$-84 Mil. It means CMGE Technology Group's Accounts Receivable increased by HK$84 Mil from Jun. 2023 to Dec. 2023 .

CMGE Technology Group's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-236 Mil. It means CMGE Technology Group's Accounts Receivable increased by HK$236 Mil from Dec. 2022 to Dec. 2023 .

CMGE Technology Group's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$1,298 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. CMGE Technology Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 202.40.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CMGE Technology Group's liquidation value for the six months ended in Dec. 2023 was HK$-321 Mil.

CMGE Technology Group Change In Receivables Historical Data

The historical data trend for CMGE Technology 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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CMGE Technology Group Change In Receivables Chart

CMGE Technology Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-380.10

-164.00

-241.11

-94.34

-236.31

CMGE Technology Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial									261.62	-79.39	-18.71	-151.86	-84.45

CMGE Technology 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 HK$-236 Mil.

CMGE Technology Group (HKSE:00302) 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.

CMGE Technology 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
=	1298.464	/	1170.825	*	91
=	202.40

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

CMGE Technology 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)
=	230.36	-	1525.117	+	0.75 * 1298.464	+	0.5 * 0
=	-321

CMGE Technology Group Change In Receivables Related Terms

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CMGE Technology Group (HKSE:00302) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CMGE Technology Group Ltd (HKSE:00302) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Zhongkang North Road, 10th Floor, Building No. 4, Zhuoyue Meilin Center Square, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.cmge.com

CMGE is an IP-based mobile game developer and publisher in China with 55 licensed IPs and 68 proprietary IPs as of the end of 2021. The company has over 80 games on the shelf and over 20 games with lifecycles of over three years. Average monthly active users, or MAUs, of CMGE games reached 19.1 million in 2021. The market share of CMGE for online gaming grossing income in 2021 was around 1%.

Executives

Xiao Jian	2101 Beneficial owner
Sin Hendrick	2101 Beneficial owner
Zsy Holding Company Limited	2201 Interest of corporation controlled by you
Trident Trust Company (b.v.i.) Limited	2301 Trustee
Motion Game Company Limited
Profound Power Investment Limited
Fairview Ridge Investment Limited
Changpei Investment Centre, L.p.
Ambitious Profit Investment Limited
Silver Joyce International Limited
Zhongshouyou Brothers Limited
Xiao Jian	2307 Founder of a discretionary trust who can infl
Victory Aspire Group Limited	2201 Interest of corporation controlled by you
Cmb Wing Lung (trustee) Limited	2301 Trustee
Antopex Limited	2306 Nominee for another person

CMGE Technology Group (HKSE:00302) Headlines

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