Tonking New Energy Group Holdings (HKSE:08326) Change In Receivables : HK$0.0 Mil (TTM As of Sep. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Tonking New Energy Group Holdings Change In Receivables?

Tonking New Energy Group Holdings's change in receivables for the quarter that ended in Sep. 2023 was HK$0.0 Mil. It means Tonking New Energy Group Holdings's Accounts Receivable stayed the same from Jun. 2023 to Sep. 2023 .

Tonking New Energy Group Holdings's change in receivables for the fiscal year that ended in Mar. 2023 was HK$-86.0 Mil. It means Tonking New Energy Group Holdings's Accounts Receivable increased by HK$86.0 Mil from Mar. 2022 to Mar. 2023 .

Tonking New Energy Group Holdings's Accounts Receivable for the quarter that ended in Sep. 2023 was HK$200.4 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. Tonking New Energy Group Holdings's Days Sales Outstanding for the three months ended in Sep. 2023 was 198.04.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tonking New Energy Group Holdings's liquidation value for the three months ended in Sep. 2023 was HK$-52.3 Mil.

Tonking New Energy Group Holdings Change In Receivables Historical Data

The historical data trend for Tonking New Energy 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.

* Premium members only.

Tonking New Energy Group Holdings Change In Receivables Chart

Tonking New Energy Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

Get a 7-Day Free Trial

112.46

51.61

-6.64

29.66

-86.04

Tonking New Energy Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Tonking New Energy 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Tonking New Energy Group Holdings (HKSE:08326) 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.

Tonking New Energy Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	200.359	/	92.32	*	91
=	198.04

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

Tonking New Energy Group Holdings's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	33.254	-	242.983	+	0.75 * 200.359	+	0.5 * 14.242
=	-52.3

Tonking New Energy Group Holdings Change In Receivables Related Terms

Thank you for viewing the detailed overview of Tonking New Energy Group Holdings's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Tonking New Energy Group Holdings (HKSE:08326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tonking New Energy Group Holdings Ltd (HKSE:08326) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 701, 7th Floor, Peninsula Centre, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.tonkinggroup.com.hk

Tonking New Energy Group Holdings Ltd is an investment holding company. The Company's principal activity is the renewable energy business in the People's Republic of China. Its operating segments includes Sales of the patented photovoltaic tracking mounting bracket systems; Provision of one-stop value added solution for photovoltaic power stations and Sales of electricity. The company generates maximum revenue from the Sales of the patented photovoltaic tracking mounting bracket systems segment. The business of the group is primarily operated through Hong Kong and China of which China accounts for a larger share of the revenue.

Executives

Wu Jiannong	2201 Interest of corporation controlled by you
Rise Triumph Limited	2101 Beneficial owner
Xu Jun	2101 Beneficial owner
Victory Stand International Limited	2101 Beneficial owner
Wu Kai Char	2201 Interest of corporation controlled by you

Tonking New Energy Group Holdings (HKSE:08326) Headlines

No Headlines