Changzhou Fusion New Material Co (SHSE:688503) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Changzhou Fusion New Material Co Change In Receivables?

Changzhou Fusion New Material Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Changzhou Fusion New Material Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Changzhou Fusion New Material Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-3,251 Mil. It means Changzhou Fusion New Material Co's Accounts Receivable increased by ¥3,251 Mil from Dec. 2022 to Dec. 2023 .

Changzhou Fusion New Material Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥2,411 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. Changzhou Fusion New Material Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 74.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Changzhou Fusion New Material Co's liquidation value for the three months ended in Mar. 2024 was ¥1,168 Mil.

Changzhou Fusion New Material Co Change In Receivables Historical Data

The historical data trend for Changzhou Fusion New Material 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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Changzhou Fusion New Material Co Change In Receivables Chart

Changzhou Fusion New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-320.62

-836.82

-1,327.57

-670.18

-3,250.95

Changzhou Fusion New Material Co Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial											-	-	-	-	-

Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co (SHSE:688503) 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.

Changzhou Fusion New Material 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
=	2411.483	/	2953.156	*	91
=	74.51

2. In Ben Graham's calculation of liquidation value, Changzhou Fusion New Material Co's accounts receivable are only considered to be worth 75% of book value:

Changzhou Fusion New Material 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)
=	1814.686	-	3011.197	+	0.75 * 2411.483	+	0.5 * 1111.176
=	1,168

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Changzhou Fusion New Material Co (SHSE:688503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Fusion New Material Co Ltd (SHSE:688503) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.fusion-cz.com

Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.

Executives

Ren Yi Chao

Core technical personnel

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