China Chunlai Education Group Co (HKSE:01969) Change In Receivables : HK$0 Mil (TTM As of Aug. 2023)

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What is China Chunlai Education Group Co Change In Receivables?

China Chunlai Education Group Co's change in receivables for the quarter that ended in Aug. 2023 was HK$0 Mil. It means China Chunlai Education Group Co's Accounts Receivable stayed the same from Feb. 2023 to Aug. 2023 .

China Chunlai Education Group Co's change in receivables for the fiscal year that ended in Aug. 2023 was HK$-73 Mil. It means China Chunlai Education Group Co's Accounts Receivable increased by HK$73 Mil from Aug. 2022 to Aug. 2023 .

China Chunlai Education Group Co's Accounts Receivable for the quarter that ended in Aug. 2023 was HK$161 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. China Chunlai Education Group Co's Days Sales Outstanding for the six months ended in Aug. 2023 was 36.39.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Chunlai Education Group Co's liquidation value for the six months ended in Aug. 2023 was HK$-2,462 Mil.

China Chunlai Education Group Co Change In Receivables Historical Data

The historical data trend for China Chunlai Education Group Co'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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China Chunlai Education Group Co Change In Receivables Chart

China Chunlai Education Group Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

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-10.59

-28.79

7.86

-73.75

-72.96

China Chunlai Education Group Co Semi-Annual Data
	Aug15	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Change In Receivables	Get a 7-Day Free Trial												-	-	-	-	-

China Chunlai Education Group Co 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

China Chunlai Education Group Co (HKSE:01969) 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.

China Chunlai Education Group Co's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	161.29	/	808.966	*	91
=	36.39

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

China Chunlai Education Group Co's liquidation value for the quarter that ended in Aug. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	852.659	-	3435.755	+	0.75 * 161.29	+	0.5 * 0
=	-2,462

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China Chunlai Education Group Co (HKSE:01969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Chunlai Education Group Co Ltd (HKSE:01969) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66, Beihai East Road, Henan Province, Shangqiu, CHN, 476000

Website

https://www.chunlaiedu.com

China Chunlai Education Group Co Ltd is an investment holding company. The company through its subsidiaries is engaged in the operation of private higher education institutions. It generates revenue from tuition fees and Boarding fees. Geographically, it derives revenue from China.

Executives

Hou Junyu	2201 Interest of corporation controlled by you
Chunlai Investment Co., Ltd.	2101 Beneficial owner
Xiang Rong International Limited	2101 Beneficial owner

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