China Clean Energy (STU:IIG) Change In Receivables : €0.46 Mil (TTM As of Sep. 2011)

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What is China Clean Energy Change In Receivables?

China Clean Energy's change in receivables for the quarter that ended in Sep. 2011 was €0.25 Mil. It means China Clean Energy's Accounts Receivable declined by €0.25 Mil from Jun. 2011 to Sep. 2011 .

China Clean Energy's change in receivables for the fiscal year that ended in Dec. 2010 was €-1.75 Mil. It means China Clean Energy's Accounts Receivable increased by €1.75 Mil from Dec. 2009 to Dec. 2010 .

China Clean Energy's Accounts Receivable for the quarter that ended in Sep. 2011 was €2.19 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 Clean Energy's Days Sales Outstanding for the three months ended in Sep. 2011 was 16.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Clean Energy's liquidation value for the three months ended in Sep. 2011 was €11.65 Mil.

China Clean Energy Change In Receivables Historical Data

The historical data trend for China Clean Energy'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 Clean Energy Change In Receivables Chart

China Clean Energy Annual Data

Trend

Jun05

Jun06

Dec07

Dec08

Dec09

Dec10

Change In Receivables

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-0.50

1.60

-0.43

-1.75

China Clean Energy Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Change In Receivables	Get a 7-Day Free Trial															0.21	-0.45	0.64	0.02	0.25

China Clean Energy 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 Sep. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.46 Mil.

China Clean Energy (STU:IIG) 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 Clean Energy's Days Sales Outstanding for the quarter that ended in Sep. 2011 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.192	/	12.459	*	91
=	16.05

2. In Ben Graham's calculation of liquidation value, China Clean Energy's accounts receivable are only considered to be worth 75% of book value:

China Clean Energy's liquidation value for the quarter that ended in Sep. 2011 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	17.164	-	7.978	+	0.75 * 2.192	+	0.5 * 1.643
=	11.65

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China Clean Energy (STU:IIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Clean Energy Inc (STU:IIG) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Jiangyin Industrial Zone, Jiangyin Town, Fuqing, Fujian Province, CHN, 350309

Website

http://www.chinacleanenergyinc.com

China Clean Energy Inc operates inchemical industry. Thre company engages in the development, manufacturing and distribution of biodiesel and chemical products made from renewable resources.

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