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China Precision Steel (China Precision Steel) Change In Receivables : $9.12 Mil (TTM As of Dec. 2014)


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What is China Precision Steel Change In Receivables?

China Precision Steel's change in receivables for the quarter that ended in Dec. 2014 was $-1.82 Mil. It means China Precision Steel's Accounts Receivable increased by $1.82 Mil from Sep. 2014 to Dec. 2014 .

China Precision Steel's change in receivables for the fiscal year that ended in Jun. 2014 was $6.13 Mil. It means China Precision Steel's Accounts Receivable declined by $6.13 Mil from Jun. 2013 to Jun. 2014 .

China Precision Steel's Accounts Receivable for the quarter that ended in Dec. 2014 was $2.23 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. China Precision Steel's Days Sales Outstanding for the three months ended in Dec. 2014 was 39.20.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Precision Steel's liquidation value for the three months ended in Dec. 2014 was $-57.34 Mil.


China Precision Steel Change In Receivables Historical Data

The historical data trend for China Precision Steel'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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China Precision Steel Change In Receivables Chart

China Precision Steel Annual Data
Trend Dec04 Dec05 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.56 5.53 -19.41 3.33 6.13

China Precision Steel Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.68 4.98 6.57 -0.61 -1.82

China Precision Steel 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.12 Mil.

* 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.


China Precision Steel  (OTCPK:CPSL) 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.

China Precision Steel's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.228/5.187*91
=39.20

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

China Precision Steel's liquidation value for the quarter that ended in Dec. 2014 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.045-63.689+0.75 * 2.228+0.5 * 9.269
=-57.34

* 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.


China Precision Steel Change In Receivables Related Terms

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China Precision Steel (China Precision Steel) Business Description

Traded in Other Exchanges
N/A
Address
China Precision Steel Inc is a steel processing company. The firm through its subsidiaries manufacture and sell cold rolled precision steel products for applications including automobile components and spare parts, kitchen tools, electrical appliances, roofing and food packaging materials. The company conducts its operations mainly in China.
Executives
Michael Friess director, officer: Secretary 5353 MANHATTAN CIRCLE, STE 101, BOULDER CO 80303

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