HK Electric Investments and HK Electric Investments (HKSE:02638) Change In Receivables : HK$158 Mil (TTM As of Dec. 2023)

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What is HK Electric Investments and HK Electric Investments Change In Receivables?

HK Electric Investments and HK Electric Investments's change in receivables for the quarter that ended in Dec. 2023 was HK$926 Mil. It means HK Electric Investments and HK Electric Investments's Accounts Receivable declined by HK$926 Mil from Jun. 2023 to Dec. 2023 .

HK Electric Investments and HK Electric Investments's change in receivables for the fiscal year that ended in Dec. 2023 was HK$158 Mil. It means HK Electric Investments and HK Electric Investments's Accounts Receivable declined by HK$158 Mil from Dec. 2022 to Dec. 2023 .

HK Electric Investments and HK Electric Investments's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$724 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. HK Electric Investments and HK Electric Investments's Days Sales Outstanding for the six months ended in Dec. 2023 was 21.39.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. HK Electric Investments and HK Electric Investments's liquidation value for the six months ended in Dec. 2023 was HK$-68,497 Mil.

HK Electric Investments and HK Electric Investments Change In Receivables Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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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HK Electric Investments and HK Electric Investments Change In Receivables Chart

HK Electric Investments and HK Electric Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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57.00

70.00

-257.00

-372.00

158.00

HK Electric Investments and HK Electric Investments 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															358.00	-608.00	236.00	-768.00	926.00

HK Electric Investments and HK Electric Investments 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$158 Mil.

HK Electric Investments and HK Electric Investments (HKSE:02638) 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.

HK Electric Investments and HK Electric Investments's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	724	/	6177	*	91
=	21.39

2. In Ben Graham's calculation of liquidation value, HK Electric Investments and HK Electric Investments's accounts receivable are only considered to be worth 75% of book value:

HK Electric Investments and HK Electric Investments'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)
=	21	-	69562	+	0.75 * 724	+	0.5 * 1003
=	-68,497

HK Electric Investments and HK Electric Investments Change In Receivables Related Terms

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HK Electric Investments and HK Electric Investments (HKSE:02638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » HK Electric Investments and HK Electric Investments Ltd (HKSE:02638) » Definitions » Change In Receivables

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Traded in Other Exchanges

HKVTY:USA HKCVF:USA HKT:Germany

Address

44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG

Website

https://www.hkelectric.com

HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

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