Tristate Holdings (HKSE:00458) Change In Receivables : HK$23 Mil (TTM As of Jun. 2024)

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What is Tristate Holdings Change In Receivables?

Tristate Holdings's change in receivables for the quarter that ended in Jun. 2024 was HK$-30 Mil. It means Tristate Holdings's Accounts Receivable increased by HK$30 Mil from Dec. 2023 to Jun. 2024 .

Tristate Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-78 Mil. It means Tristate Holdings's Accounts Receivable increased by HK$78 Mil from Dec. 2022 to Dec. 2023 .

Tristate Holdings's Accounts Receivable for the quarter that ended in Jun. 2024 was HK$596 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. Tristate Holdings's Days Sales Outstanding for the six months ended in Jun. 2024 was 56.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tristate Holdings's liquidation value for the six months ended in Jun. 2024 was HK$-804 Mil.

Tristate Holdings Change In Receivables Historical Data

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

Tristate Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-60.89

70.20

-153.50

-57.06

-77.83

Tristate Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial															45.81	-102.87	-130.60	52.77	-29.92

Tristate 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$23 Mil.

Tristate Holdings (HKSE:00458) 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.

Tristate Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	595.645	/	1926.401	*	91
=	56.43

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

Tristate Holdings's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	172.032	-	1898.913	+	0.75 * 595.645	+	0.5 * 952.122
=	-804

Tristate Holdings Change In Receivables Related Terms

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Tristate Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tristate Holdings Ltd (HKSE:00458) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

66-72 Lei Muk Road, 5th Floor, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.tristateww.com

Tristate Holdings Ltd is an investment holding company engaged in the apparel business. The company's segment comprises the Garment manufacturing and Brands business. Its garment manufacturing segment includes the manufacture of the garment. The Brands business segment is involved in the distribution, retail, and trading of branded products. It derives a majority of its revenue from the revenue of the People's Republic of China and also has a presence in the United Kingdom, Italy, the United States of America, and Canada. The company generates maximum revenue from the Garment manufacturing segment.

Executives

New Perfect Global Limited	2201 Interest of corporation controlled by you
Sun Lin	2202 Interest of your spouse
Wang Kin Chung, Peter	2202 Interest of your spouse
Silver Tree Holdings Inc.	2101 Beneficial owner
Ting Daisy	2202 Interest of your spouse

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