Jiuzi Holdings (Jiuzi Holdings) Change In Receivables : $-3.33 Mil (TTM As of Oct. 2023)

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What is Jiuzi Holdings Change In Receivables?

Jiuzi Holdings's change in receivables for the quarter that ended in Oct. 2023 was $-3.09 Mil. It means Jiuzi Holdings's Accounts Receivable increased by $3.09 Mil from Apr. 2023 to Oct. 2023 .

Jiuzi Holdings's change in receivables for the fiscal year that ended in Oct. 2023 was $-3.33 Mil. It means Jiuzi Holdings's Accounts Receivable increased by $3.33 Mil from Oct. 2022 to Oct. 2023 .

Jiuzi Holdings's Accounts Receivable for the quarter that ended in Oct. 2023 was $0.17 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. Jiuzi Holdings's Days Sales Outstanding for the six months ended in Oct. 2023 was 6.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Jiuzi Holdings's liquidation value for the six months ended in Oct. 2023 was $-5.27 Mil.

Jiuzi Holdings Change In Receivables Historical Data

The historical data trend for Jiuzi 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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Jiuzi Holdings Change In Receivables Chart

Jiuzi Holdings Annual Data

Trend

Oct18

Oct19

Oct20

Apr21

Oct22

Oct23

Change In Receivables

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-0.36

-5.43

-3.48

-3.33

Jiuzi Holdings Semi-Annual Data
	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Change In Receivables	Get a 7-Day Free Trial						-	-3.17	-0.31	-0.25	-3.09

Jiuzi 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3.33 Mil.

Jiuzi Holdings (NAS:JZXN) 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.

Jiuzi Holdings's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.167	/	5.005	*	91
=	6.09

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

Jiuzi Holdings's liquidation value for the quarter that ended in Oct. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.215	-	7.091	+	0.75 * 0.167	+	0.5 * 0.955
=	-5.27

Jiuzi Holdings Change In Receivables Related Terms

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Jiuzi Holdings (Jiuzi Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiuzi Holdings Inc (NAS:JZXN) » Definitions » Change In Receivables

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Address

No. 168 Qianjiang Nongchang Gengwen Road, 15th Floor, Economic and Technological Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 310000

Website

http://m.zjjzxny.cn

Jiuzi Holdings Inc operates as a franchise under the brand name Jiuzi. It sells new energy vehicles in third-fourth tier cities in China. The firm also sells plug-in electric vehicles on-demand from vehicle buyers. Its business segments are sales of NEVs and Franchisees service. The company generates a majority of its revenue from NEVs segment. Geographically, the firm operates in China.