China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is China Northern Rare Earth (Group) High-Tech Co Change In Receivables?

China Northern Rare Earth (Group) High-Tech Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means China Northern Rare Earth (Group) High-Tech Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

China Northern Rare Earth (Group) High-Tech Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-992 Mil. It means China Northern Rare Earth (Group) High-Tech Co's Accounts Receivable increased by ¥992 Mil from Dec. 2022 to Dec. 2023 .

China Northern Rare Earth (Group) High-Tech Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥3,384 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 Northern Rare Earth (Group) High-Tech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 53.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Northern Rare Earth (Group) High-Tech Co's liquidation value for the three months ended in Mar. 2024 was ¥1,151 Mil.

China Northern Rare Earth (Group) High-Tech Co Change In Receivables Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech 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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China Northern Rare Earth (Group) High-Tech Co Change In Receivables Chart

China Northern Rare Earth (Group) High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,278.65

-1,362.75

-1,181.55

1,911.74

-991.75

China Northern Rare Earth (Group) High-Tech Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China Northern Rare Earth (Group) High-Tech 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) 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 Northern Rare Earth (Group) High-Tech Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3383.638	/	5761.707	*	91
=	53.59

2. In Ben Graham's calculation of liquidation value, China Northern Rare Earth (Group) High-Tech Co's accounts receivable are only considered to be worth 75% of book value:

China Northern Rare Earth (Group) High-Tech Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6033.311	-	14778.347	+	0.75 * 3383.638	+	0.5 * 14716.694
=	1,151

China Northern Rare Earth (Group) High-Tech Co Change In Receivables Related Terms

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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Northern Rare Earth (Group) High-Tech Co Ltd (SHSE:600111) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030

Website

http://www.reht.com

China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.

Executives

Wang Chen	senior management
Zhang Ri Hui	Director
Yu Ying Wu	senior management
Yang Zhan Feng	Director
Duan Li Feng	Supervisors
Xia Xue Wen	Supervisors
Zhao Dian Qing	Director
Wang Zhan Cheng	Director
Xing Li Guang	Director
Zhao De Gui	Director
Li Jin Ling	Director
Liu Yi	senior management
Huang Li Dong	Supervisors
Meng Zhi Quan	Director
Zhao Zhi Hua	Supervisors

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Headlines

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