Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Nanjing Kangni Mechanical & Electrical Co Change In Receivables?

Nanjing Kangni Mechanical & Electrical Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Nanjing Kangni Mechanical & Electrical Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Nanjing Kangni Mechanical & Electrical Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-333 Mil. It means Nanjing Kangni Mechanical & Electrical Co's Accounts Receivable increased by ¥333 Mil from Dec. 2022 to Dec. 2023 .

Nanjing Kangni Mechanical & Electrical Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,928 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. Nanjing Kangni Mechanical & Electrical Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 242.63.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nanjing Kangni Mechanical & Electrical Co's liquidation value for the three months ended in Mar. 2024 was ¥1,419 Mil.

Nanjing Kangni Mechanical & Electrical Co Change In Receivables Historical Data

The historical data trend for Nanjing Kangni Mechanical & Electrical 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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Nanjing Kangni Mechanical & Electrical Co Change In Receivables Chart

Nanjing Kangni Mechanical & Electrical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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127.32

-291.34

-163.20

-545.30

-332.54

Nanjing Kangni Mechanical & Electrical 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															-	-	-	-	-

Nanjing Kangni Mechanical & Electrical 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.

Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) 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.

Nanjing Kangni Mechanical & Electrical 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
=	1928.432	/	725.267	*	91
=	242.63

2. In Ben Graham's calculation of liquidation value, Nanjing Kangni Mechanical & Electrical Co's accounts receivable are only considered to be worth 75% of book value:

Nanjing Kangni Mechanical & Electrical 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)
=	1769.438	-	2122.494	+	0.75 * 1928.432	+	0.5 * 651.503
=	1,419

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Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nanjing Kangni Mechanical & Electrical Co Ltd (SHSE:603111) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

19, Hengda Road, Economic and Technological Development Zone, Nanjing, CHN, 210038

Website

http://www.kn-nanjing.com

Nanjing Kangni Mechanical & Electrical Co Ltd IS engaged in the research and development, manufacturing and maintenance of railway vehicle door system. It has cooperated with major car builders such as Bombardier, Alstom, and Siemens to sell products all over the world, including France, Canada, Turkey, Singapore, Argentina, America, Saudi Arabia and Brazil. It also provides other a full suite of related products such as interior fittings, power connectors, platform screen doors, new energy products for automobile industry and precision machining equipment.

Executives

Liao Liang Mao	Director
Li Hong	senior management
Xu Qing	senior management
Chen Lei	senior management
Wang Ya Dong	senior management
Zhang Jin Xiong	Supervisors
Xu Guan Nan	senior management
Tang Wei Hua	senior management
Liu Wen Ping	Director
Gu Mei Hua	senior management
Gao Wen Ming	Director
Zhu Wei Dong	senior management
Shi Xiang	senior management
Chen Ying Qi	Director

Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Headlines

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