SITC International Holdings Co (SITC International Holdings Co) Change In Receivables : $0 Mil (TTM As of Dec. 2023)

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What is SITC International Holdings Co Change In Receivables?

SITC International Holdings Co's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means SITC International Holdings Co's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

SITC International Holdings Co's change in receivables for the fiscal year that ended in Dec. 2023 was $26 Mil. It means SITC International Holdings Co's Accounts Receivable declined by $26 Mil from Dec. 2022 to Dec. 2023 .

SITC International Holdings Co's Accounts Receivable for the quarter that ended in Dec. 2023 was $113 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. SITC International Holdings Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 17.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SITC International Holdings Co's liquidation value for the six months ended in Dec. 2023 was $-184 Mil.

SITC International Holdings Co Change In Receivables Historical Data

The historical data trend for SITC International Holdings 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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SITC International Holdings Co Change In Receivables Chart

SITC International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-4.96

-30.82

-25.75

17.70

25.66

SITC International Holdings Co 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															-	-	-	-	-

SITC International Holdings 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

SITC International Holdings Co (OTCPK:SITIY) 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.

SITC International Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	113.333	/	1175.58	*	91
=	17.59

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

SITC International Holdings Co'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)
=	431.103	-	721.405	+	0.75 * 113.333	+	0.5 * 43.324
=	-184

SITC International Holdings Co Change In Receivables Related Terms

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SITC International Holdings Co (SITC International Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SITC International Holdings Co Ltd (OTCPK:SITIY) » Definitions » Change In Receivables

Traded in Other Exchanges

01308:Hong Kong 7S8:Germany

Address

6-8 Harbour Road, 31/F, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.sitc.com

SITC International Holdings Co Ltd is a shipping company operating within Asia under two reportable segments: the container shipping and logistics segment and the dry bulk and others segment. Nearly all of SITC International's revenue comes from the container shipping and logistics segment, which covers the provision of container transportation, freight forwarding, shipping agency, depot, and warehousing. The dry bulk and others segment provides services of dry bulk vessel leasing, land leasing, and other services. Geographically, it derives majority of its revenue from Greater China.

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