Freetech Road Recycling Technology (Holdings) (HKSE:06888) Change In Receivables : HK$-4.4 Mil (TTM As of Dec. 2023)

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What is Freetech Road Recycling Technology (Holdings) Change In Receivables?

Freetech Road Recycling Technology (Holdings)'s change in receivables for the quarter that ended in Dec. 2023 was HK$-127.6 Mil. It means Freetech Road Recycling Technology (Holdings)'s Accounts Receivable increased by HK$127.6 Mil from Jun. 2023 to Dec. 2023 .

Freetech Road Recycling Technology (Holdings)'s change in receivables for the fiscal year that ended in Dec. 2023 was HK$-4.4 Mil. It means Freetech Road Recycling Technology (Holdings)'s Accounts Receivable increased by HK$4.4 Mil from Dec. 2022 to Dec. 2023 .

Freetech Road Recycling Technology (Holdings)'s Accounts Receivable for the quarter that ended in Dec. 2023 was HK$103.5 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. Freetech Road Recycling Technology (Holdings)'s Days Sales Outstanding for the six months ended in Dec. 2023 was 49.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Freetech Road Recycling Technology (Holdings)'s liquidation value for the six months ended in Dec. 2023 was HK$-59.9 Mil.

Freetech Road Recycling Technology (Holdings) Change In Receivables Historical Data

The historical data trend for Freetech Road Recycling Technology (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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Freetech Road Recycling Technology (Holdings) Change In Receivables Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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61.63

-8.83

45.90

-47.81

-4.40

Freetech Road Recycling Technology (Holdings) 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															-110.29	14.07	-61.88	123.25	-127.64

Freetech Road Recycling Technology (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$-4.4 Mil.

Freetech Road Recycling Technology (Holdings) (HKSE:06888) 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.

Freetech Road Recycling Technology (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
=	103.505	/	379.06	*	91
=	49.83

2. In Ben Graham's calculation of liquidation value, Freetech Road Recycling Technology (Holdings)'s accounts receivable are only considered to be worth 75% of book value:

Freetech Road Recycling Technology (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)
=	246.688	-	472.93	+	0.75 * 103.505	+	0.5 * 177.335
=	-59.9

Freetech Road Recycling Technology (Holdings) Change In Receivables Related Terms

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Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

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