Able Engineering Holdings (HKSE:01627) Change In Receivables : HK$0 Mil (TTM As of Sep. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Able Engineering Holdings Change In Receivables?

Able Engineering Holdings's change in receivables for the quarter that ended in Sep. 2023 was HK$0 Mil. It means Able Engineering Holdings's Accounts Receivable stayed the same from Mar. 2023 to Sep. 2023 .

Able Engineering Holdings's change in receivables for the fiscal year that ended in Mar. 2023 was HK$210 Mil. It means Able Engineering Holdings's Accounts Receivable declined by HK$210 Mil from Mar. 2022 to Mar. 2023 .

Able Engineering Holdings's Accounts Receivable for the quarter that ended in Sep. 2023 was HK$502 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. Able Engineering Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 30.20.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Able Engineering Holdings's liquidation value for the six months ended in Sep. 2023 was HK$-1,085 Mil.

Able Engineering Holdings Change In Receivables Historical Data

The historical data trend for Able Engineering 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.

* Premium members only.

Able Engineering Holdings Change In Receivables Chart

Able Engineering Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

Get a 7-Day Free Trial

200.30

-89.93

-304.52

-324.13

209.84

Able Engineering Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial													-	-	-	-	-

Able Engineering 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

Able Engineering Holdings (HKSE:01627) 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.

Able Engineering Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	501.714	/	3032.016	*	91
=	30.20

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

Able Engineering Holdings's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1982.646	-	3444.601	+	0.75 * 501.714	+	0.5 * 2.222
=	-1,085

Able Engineering Holdings Change In Receivables Related Terms

Thank you for viewing the detailed overview of Able Engineering Holdings's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Able Engineering Holdings (HKSE:01627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG

Website

https://www.ableeng.com.hk

Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

Executives

Golden Lux Holdings Limited	2101 Beneficial owner
Golden More Limited	2201 Interest of corporation controlled by you
Cheng Wai Chun	2202 Interest of your spouse
Ngai Chun Hung	2201 Interest of corporation controlled by you
Fame Yield International Limited	2201 Interest of corporation controlled by you

Able Engineering Holdings (HKSE:01627) Headlines

No Headlines