Zhongsheng Group Holdings (HKSE:00881) Change In Receivables : HK$-2,599 Mil (TTM As of Dec. 2023)

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What is Zhongsheng Group Holdings Change In Receivables?

Zhongsheng Group Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$-1,763 Mil. It means Zhongsheng Group Holdings's Accounts Receivable increased by HK$1,763 Mil from Jun. 2023 to Dec. 2023 .

Zhongsheng Group Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-2,599 Mil. It means Zhongsheng Group Holdings's Accounts Receivable increased by HK$2,599 Mil from Dec. 2022 to Dec. 2023 .

Zhongsheng Group Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$4,494 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. Zhongsheng Group Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 7.70.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhongsheng Group Holdings's liquidation value for the six months ended in Dec. 2023 was HK$-32,900 Mil.

Zhongsheng Group Holdings Change In Receivables Historical Data

The historical data trend for Zhongsheng Group 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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Zhongsheng Group Holdings Change In Receivables Chart

Zhongsheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-137.58

56.10

352.63

36.34

-2,598.79

Zhongsheng Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															788.12	108.01	-66.55	-835.69	-1,763.10

Zhongsheng Group 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 HK$-2,599 Mil.

Zhongsheng Group Holdings (HKSE:00881) 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.

Zhongsheng Group 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
=	4493.792	/	106521.369	*	91
=	7.70

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

Zhongsheng Group 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)
=	17367.744	-	62588.09	+	0.75 * 4493.792	+	0.5 * 17900.89
=	-32,900

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Zhongsheng Group Holdings (HKSE:00881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongsheng Group Holdings Ltd (HKSE:00881) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

ZSHGY:USA 5Z0:Germany

Address

No. 20 Hequ Street, Shahekou District, Dalian, CHN, 116000

Website

https://www.zs-group.com.cn

Zhongsheng Group Holdings Ltd is an automobile dealer in China. The company is focused on luxury and mid-to-high end automobile brands including luxury brands of Mercedes-Benz, Lexus and Audi, Porsche and Landrover, and mid-to-high end brands of Toyota, Nissan, and Volkswagen, Chrysler. It provides sales and services for motor vehicles.

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