CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is CSSC Offshore & Marine Engineering (Group) Co Change In Receivables?

CSSC Offshore & Marine Engineering (Group) Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means CSSC Offshore & Marine Engineering (Group) Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

CSSC Offshore & Marine Engineering (Group) Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-1,018 Mil. It means CSSC Offshore & Marine Engineering (Group) Co's Accounts Receivable increased by ¥1,018 Mil from Dec. 2022 to Dec. 2023 .

CSSC Offshore & Marine Engineering (Group) Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,674 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. CSSC Offshore & Marine Engineering (Group) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 54.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CSSC Offshore & Marine Engineering (Group) Co's liquidation value for the three months ended in Mar. 2024 was ¥-12,681 Mil.

CSSC Offshore & Marine Engineering (Group) Co Change In Receivables Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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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CSSC Offshore & Marine Engineering (Group) Co Change In Receivables Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,835.85

7,822.54

1,399.24

-352.90

-1,018.29

CSSC Offshore & Marine Engineering (Group) 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															-	-	-	-	-

CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) 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.

CSSC Offshore & Marine Engineering (Group) 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
=	1674.212	/	2806.869	*	91
=	54.43

2. In Ben Graham's calculation of liquidation value, CSSC Offshore & Marine Engineering (Group) Co's accounts receivable are only considered to be worth 75% of book value:

CSSC Offshore & Marine Engineering (Group) 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)
=	12828.24	-	29911.405	+	0.75 * 1674.212	+	0.5 * 6293.563
=	-12,681

CSSC Offshore & Marine Engineering (Group) Co Change In Receivables Related Terms

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CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (SHSE:600685) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong GSZ:Germany

Address

No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250

Website

http://comec.cssc.net.cn

CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

Executives

Wu Guang Jun

Supervisors

CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Headlines

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