XXF Group Holdings (HKSE:02473) Change In Receivables : HK$-186 Mil (TTM As of Dec. 2023)

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What is XXF Group Holdings Change In Receivables?

XXF Group Holdings's change in receivables for the quarter that ended in Dec. 2023 was HK$-147 Mil. It means XXF Group Holdings's Accounts Receivable increased by HK$147 Mil from Jun. 2023 to Dec. 2023 .

XXF Group Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-186 Mil. It means XXF Group Holdings's Accounts Receivable increased by HK$186 Mil from Dec. 2022 to Dec. 2023 .

XXF Group Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$11 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. XXF Group Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 2.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. XXF Group Holdings's liquidation value for the six months ended in Dec. 2023 was HK$-1,946 Mil.

XXF Group Holdings Change In Receivables Historical Data

The historical data trend for XXF Group 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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XXF Group Holdings Change In Receivables Chart

XXF Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

118.64

-352.43

-231.93

-186.16

XXF Group Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial			-	0.04	-231.97	-39.12	-147.04

XXF Group 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$-186 Mil.

XXF Group Holdings (HKSE:02473) 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.

XXF Group 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
=	10.859	/	769.298	*	91
=	2.58

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

XXF Group 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)
=	292.841	-	2340.07	+	0.75 * 10.859	+	0.5 * 185.916
=	-1,946

XXF Group Holdings Change In Receivables Related Terms

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XXF Group Holdings (HKSE:02473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XXF Group Holdings Ltd (HKSE:02473) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 318 Fuguang Road, Building 3, Fuxing Economic Development Zone, Jin’an District, Fujian, Fuzhou, CHN

Website

http://www.xxfqc.com

XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service primarily through its self-operated sales outlets in the PRC. The Group's principal businesses comprise (i) automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and (ii) automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services. It is one of the offline third-party RAFLCs among all the RAFLCs in the market.

Executives

Precious Luck Developments Management Limited	2101 Beneficial owner
Fu Zhou Zhi Tong Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Fu Zhou Wei Chuang Hong Jing Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Bo Yu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Shang Hai Xuan Te Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhu Hai Wan He Jin Hua Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhu Hai Wan He Xing Sheng Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Guo Tou Zi Ben Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Dong Zhang An Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Dong An Wei Ye Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Fo Shan Shi Hui Shang Yin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ji Li Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Teng Xin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Bo Li Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Huang Wei	2501 Other

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