MingZhu Logistics Holdings (MingZhu Logistics Holdings) Change In Receivables : $17.3 Mil (TTM As of Jun. 2023)

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What is MingZhu Logistics Holdings Change In Receivables?

MingZhu Logistics Holdings's change in receivables for the quarter that ended in Jun. 2023 was $-1.6 Mil. It means MingZhu Logistics Holdings's Accounts Receivable increased by $1.6 Mil from Dec. 2022 to Jun. 2023 .

MingZhu Logistics Holdings's change in receivables for the fiscal year that ended in Dec. 2022 was $-12.3 Mil. It means MingZhu Logistics Holdings's Accounts Receivable increased by $12.3 Mil from Dec. 2021 to Dec. 2022 .

MingZhu Logistics Holdings's Accounts Receivable for the quarter that ended in Jun. 2023 was $15.5 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. MingZhu Logistics Holdings's Days Sales Outstanding for the six months ended in Jun. 2023 was 50.42.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MingZhu Logistics Holdings's liquidation value for the six months ended in Jun. 2023 was $-52.0 Mil.

MingZhu Logistics Holdings Change In Receivables Historical Data

The historical data trend for MingZhu Logistics 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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MingZhu Logistics Holdings Change In Receivables Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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0.18

-3.68

-4.35

-5.99

-12.35

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial						-2.84	-3.16	-31.26	18.91	-1.61

MingZhu Logistics 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $17.3 Mil.

MingZhu Logistics Holdings (NAS:YGMZ) 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.

MingZhu Logistics Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.497	/	56.091	*	91
=	50.42

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

MingZhu Logistics Holdings's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.307	-	67.938	+	0.75 * 15.497	+	0.5 * 0
=	-52.0

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MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.