Pacific Millennium Packaging Group (HKSE:01820) Change In Receivables : HK$0 Mil (TTM As of Dec. 2023)

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What is Pacific Millennium Packaging Group Change In Receivables?

Pacific Millennium Packaging Group's change in receivables for the quarter that ended in Dec. 2023 was HK$0 Mil. It means Pacific Millennium Packaging Group's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Pacific Millennium Packaging Group's change in receivables for the fiscal year that ended in Dec. 2023 was HK$50 Mil. It means Pacific Millennium Packaging Group's Accounts Receivable declined by HK$50 Mil from Dec. 2022 to Dec. 2023 .

Pacific Millennium Packaging Group's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$586 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. Pacific Millennium Packaging Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 92.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Pacific Millennium Packaging Group's liquidation value for the six months ended in Dec. 2023 was HK$-508 Mil.

Pacific Millennium Packaging Group Change In Receivables Historical Data

The historical data trend for Pacific Millennium Packaging 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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Pacific Millennium Packaging Group Change In Receivables Chart

Pacific Millennium Packaging Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-6.99

-11.37

-105.83

49.78

49.50

Pacific Millennium Packaging Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial											-	-	-	-	-

Pacific Millennium Packaging 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$0 Mil.

Pacific Millennium Packaging Group (HKSE:01820) 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.

Pacific Millennium Packaging 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
=	585.637	/	1154.688	*	91
=	92.56

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

Pacific Millennium Packaging 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)
=	158.928	-	1177.393	+	0.75 * 585.637	+	0.5 * 142.6
=	-508

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Pacific Millennium Packaging Group (HKSE:01820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pacific Millennium Packaging Group Corp (HKSE:01820) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 398, Tian Lin Road, A303, 3rd Floor, Block 2, Shanghai, CHN, 200233

Website

http://www.pmpgc.com

Pacific Millennium Packaging Group Corp is an investment holding company engaged in the manufacture and sale of packaging materials. Its product offering includes; Corrugated packaging products like corrugated boxes, pallets, display stands, heavy-duty packaging, specialized packaging products; and Corrugated sheet boards. It caters to different industries such as Food and beverage, Paper and packaging, Non-food-and-beverage-consumables, Supplier chain solutions, E-commerce, Home electronics, and Others include home furniture, computer, and electronic device such as mobile phones, cameras, textiles, machinery, medical products, etc. The company generates the majority of its revenue from China.

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