China Anchu Energy Storage Group (HKSE:02399) Change In Receivables : HK$0.0 Mil (TTM As of Dec. 2023)

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What is China Anchu Energy Storage Group Change In Receivables?

China Anchu Energy Storage Group's change in receivables for the quarter that ended in Dec. 2023 was HK$0.0 Mil. It means China Anchu Energy Storage Group's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

China Anchu Energy Storage Group's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-452.1 Mil. It means China Anchu Energy Storage Group's Accounts Receivable increased by HK$452.1 Mil from Dec. 2022 to Dec. 2023 .

China Anchu Energy Storage Group's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$736.8 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 Anchu Energy Storage Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 374.78.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Anchu Energy Storage Group's liquidation value for the six months ended in Dec. 2023 was HK$-490.2 Mil.

China Anchu Energy Storage Group Change In Receivables Historical Data

The historical data trend for China Anchu Energy Storage 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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China Anchu Energy Storage Group Change In Receivables Chart

China Anchu Energy Storage Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-25.90

-110.32

-136.54

-298.91

-452.14

China Anchu Energy Storage Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China Anchu Energy Storage 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$0.0 Mil.

China Anchu Energy Storage Group (HKSE:02399) 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 Anchu Energy Storage 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
=	736.799	/	358.785	*	91
=	374.78

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

China Anchu Energy Storage 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)
=	76.913	-	1136.519	+	0.75 * 736.799	+	0.5 * 33.58
=	-490.2

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China Anchu Energy Storage Group (HKSE:02399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Anchu Energy Storage Group Ltd (HKSE:02399) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fordoo Industrial Zone E12, Xunmei Industrial Zone, Fengze District, Fujian Province, Quanzhou, CHN

Website

https://www.fordoo.cn

China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.

Executives

Wang Xiu Hua	2101 Beneficial owner
Everkept Limited	2101 Beneficial owner
Kwok Kin Sun	2201 Interest of corporation controlled by you
Wong Tung Yam	2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited	2106 Person having a security interest in shares
Cheng Cong	2201 Interest of corporation controlled by you
Dong Hai Zheng Quan Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Jpmorgan Chase & Co.
Equal Plus Limited	2101 Beneficial owner
Kwok Hon Fung	2201 Interest of corporation controlled by you
Asia Glory International Development Limited	2101 Beneficial owner
Chen Huiru	2201 Interest of corporation controlled by you
True Faith Ventures Limited	2101 Beneficial owner
Lu Ke	2101 Beneficial owner

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