The People's Insurance Co (Group) of China (HKSE:01339) Change In Receivables : HK$0 Mil (TTM As of Mar. 2024)

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What is The People's Insurance Co (Group) of China Change In Receivables?

The People's Insurance Co (Group) of China's change in receivables for the quarter that ended in Mar. 2024 was HK$0 Mil. It means The People's Insurance Co (Group) of China's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

The People's Insurance Co (Group) of China's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-6,460 Mil. It means The People's Insurance Co (Group) of China's Accounts Receivable increased by HK$6,460 Mil from Dec. 2022 to Dec. 2023 .

The People's Insurance Co (Group) of China's Accounts Receivable for the quarter that ended in Mar. 2024 was HK$0 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. The People's Insurance Co (Group) of China's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. The People's Insurance Co (Group) of China's liquidation value for the three months ended in Mar. 2024 was HK$-1,322,403 Mil.

The People's Insurance Co (Group) of China Change In Receivables Historical Data

The historical data trend for The People's Insurance Co (Group) of China'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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The People's Insurance Co (Group) of China Change In Receivables Chart

The People's Insurance Co (Group) of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-13,157.17

3,858.58

-7,128.85

-1,049.71

-6,459.86

The People's Insurance Co (Group) of China Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

The People's Insurance Co (Group) of China 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.

The People's Insurance Co (Group) of China (HKSE:01339) 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.

The People's Insurance Co (Group) of China's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	138496.919	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, The People's Insurance Co (Group) of China's accounts receivable are only considered to be worth 75% of book value:

The People's Insurance Co (Group) of China's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	21981.31	-	1344383.881	+	0.75 * 0	+	0.5 * 0
=	-1,322,403

The People's Insurance Co (Group) of China Change In Receivables Related Terms

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The People's Insurance Co (Group) of China (HKSE:01339) Business Description

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Traded in Other Exchanges

PINXY:USA PIR:Germany 601319:China

Address

No. 88, West Chang’an Avenue, 1st-13th Floor, Xi Cheng District, Beijing, CHN, 100031

Website

http://www.picc.com.cn

Headquartered in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.

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