OneConnect Financial Technology Co (HKSE:06638) Change In Receivables : HK$0 Mil (TTM As of Mar. 2024)

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What is OneConnect Financial Technology Co Change In Receivables?

OneConnect Financial Technology Co's change in receivables for the quarter that ended in Mar. 2024 was HK$0 Mil. It means OneConnect Financial Technology Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

OneConnect Financial Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$235 Mil. It means OneConnect Financial Technology Co's Accounts Receivable declined by HK$235 Mil from Dec. 2022 to Dec. 2023 .

OneConnect Financial Technology Co's Accounts Receivable for the quarter that ended in Mar. 2024 was HK$977 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. OneConnect Financial Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 113.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. OneConnect Financial Technology Co's liquidation value for the three months ended in Mar. 2024 was HK$-2,975 Mil.

OneConnect Financial Technology Co Change In Receivables Historical Data

The historical data trend for OneConnect Financial Technology 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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OneConnect Financial Technology Co Change In Receivables Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-528.28

-334.47

-94.92

47.18

235.19

OneConnect Financial Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

OneConnect Financial Technology 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.

OneConnect Financial Technology Co (HKSE:06638) 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.

OneConnect Financial Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	977.116	/	785.689	*	91
=	113.48

2. In Ben Graham's calculation of liquidation value, OneConnect Financial Technology Co's accounts receivable are only considered to be worth 75% of book value:

OneConnect Financial Technology Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2043.632	-	5751.123	+	0.75 * 977.116	+	0.5 * 0
=	-2,975

OneConnect Financial Technology Co Change In Receivables Related Terms

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OneConnect Financial Technology Co (HKSE:06638) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (HKSE:06638) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

OCFT:USA

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.

Executives

Li Jie	2101 Beneficial owner
Sen Rong Limited	2101 Beneficial owner
Yi Chuan Jin Limited	2201 Interest of corporation controlled by you
Hsbc Holdings Plc	2201 Interest of corporation controlled by you
An Ke Technology Company Limited	2201 Interest of corporation controlled by you
Bo Yu Limited	2101 Beneficial owner
Shenzhen Ping An Financial Technology Consulting Co., Ltd.	2201 Interest of corporation controlled by you
Dou Wenwei	2201 Interest of corporation controlled by you
Rong Chang Limited	2101 Beneficial owner
Wang Wenjun	2201 Interest of corporation controlled by you
Xu Liang	2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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