Erayak Power Solution Group (Erayak Power Solution Group) Change In Receivables : $3.48 Mil (TTM As of Dec. 2023)

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What is Erayak Power Solution Group Change In Receivables?

Erayak Power Solution Group's change in receivables for the quarter that ended in Dec. 2023 was $-0.36 Mil. It means Erayak Power Solution Group's Accounts Receivable increased by $0.36 Mil from Jun. 2023 to Dec. 2023 .

Erayak Power Solution Group's change in receivables for the fiscal year that ended in Dec. 2023 was $3.48 Mil. It means Erayak Power Solution Group's Accounts Receivable declined by $3.48 Mil from Dec. 2022 to Dec. 2023 .

Erayak Power Solution Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $6.25 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. Erayak Power Solution Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 104.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Erayak Power Solution Group's liquidation value for the six months ended in Dec. 2023 was $-0.99 Mil.

Erayak Power Solution Group Change In Receivables Historical Data

The historical data trend for Erayak Power Solution Group'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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Erayak Power Solution Group Change In Receivables Chart

Erayak Power Solution Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

0.38

-4.17

3.51

-8.76

3.48

Erayak Power Solution Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial				2.21	-3.41	-5.35	3.84	-0.36

Erayak Power Solution Group 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 $3.48 Mil.

Erayak Power Solution Group (NAS:RAYA) 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.

Erayak Power Solution Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.253	/	10.873	*	91
=	104.95

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

Erayak Power Solution Group'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)
=	5.877	-	15.083	+	0.75 * 6.253	+	0.5 * 7.056
=	-0.99

Erayak Power Solution Group Change In Receivables Related Terms

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Erayak Power Solution Group (Erayak Power Solution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators.