Cirtek Holdings (HKSE:01433) Change In Receivables : HK$-4.7 Mil (TTM As of Dec. 2023)

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What is Cirtek Holdings Change In Receivables?

Cirtek Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$-13.3 Mil. It means Cirtek Holdings's Accounts Receivable increased by HK$13.3 Mil from Jun. 2023 to Dec. 2023 .

Cirtek Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-4.7 Mil. It means Cirtek Holdings's Accounts Receivable increased by HK$4.7 Mil from Dec. 2022 to Dec. 2023 .

Cirtek Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$44.9 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. Cirtek Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 38.65.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cirtek Holdings's liquidation value for the six months ended in Dec. 2023 was HK$-71.5 Mil.

Cirtek Holdings Change In Receivables Historical Data

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

Cirtek Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-7.71

10.46

-17.13

8.03

-4.74

Cirtek Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial								-17.40	3.21	4.82	8.55	-13.29

Cirtek 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$-4.7 Mil.

Cirtek Holdings (HKSE:01433) 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.

Cirtek 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
=	44.912	/	212.055	*	91
=	38.65

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

Cirtek 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)
=	34.158	-	174.393	+	0.75 * 44.912	+	0.5 * 70.163
=	-71.5

Cirtek Holdings Change In Receivables Related Terms

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Cirtek Holdings (HKSE:01433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cirtek Holdings Ltd (HKSE:01433) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.cirtek.com

Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.

Executives

Charming International Limited	2101 Beneficial owner
Chan Sing Ming Barry	2201 Interest of corporation controlled by you
Law Miu Lan	2201 Interest of corporation controlled by you

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