Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Qinchuan Machine Tool & Tool Group Share Co Change In Receivables?

Qinchuan Machine Tool & Tool Group Share Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Qinchuan Machine Tool & Tool Group Share Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Qinchuan Machine Tool & Tool Group Share Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥22 Mil. It means Qinchuan Machine Tool & Tool Group Share Co's Accounts Receivable declined by ¥22 Mil from Dec. 2022 to Dec. 2023 .

Qinchuan Machine Tool & Tool Group Share Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,062 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. Qinchuan Machine Tool & Tool Group Share Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 98.82.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Qinchuan Machine Tool & Tool Group Share Co's liquidation value for the three months ended in Mar. 2024 was ¥-715 Mil.

Qinchuan Machine Tool & Tool Group Share Co Change In Receivables Historical Data

The historical data trend for Qinchuan Machine Tool & Tool Group Share 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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Qinchuan Machine Tool & Tool Group Share Co Change In Receivables Chart

Qinchuan Machine Tool & Tool Group Share Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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80.72

-61.03

-309.61

-200.59

22.08

Qinchuan Machine Tool & Tool Group Share 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															-	-	-	-	-

Qinchuan Machine Tool & Tool Group Share 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.

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) 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.

Qinchuan Machine Tool & Tool Group Share 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
=	1062.375	/	980.972	*	91
=	98.82

2. In Ben Graham's calculation of liquidation value, Qinchuan Machine Tool & Tool Group Share Co's accounts receivable are only considered to be worth 75% of book value:

Qinchuan Machine Tool & Tool Group Share 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)
=	1850.419	-	4335.128	+	0.75 * 1062.375	+	0.5 * 1945.171
=	-715

Qinchuan Machine Tool & Tool Group Share Co Change In Receivables Related Terms

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Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qinchuan Machine Tool & Tool Group Share Co Ltd (SZSE:000837) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Jiangtan Road, Shanxi, Baoji, CHN, 721009

Website

http://www.qinchuan.com

Qinchuan Machine Tool & Tool Group Share Co Ltd is mainly engaged in the production and sales of metal cutting machine tools, plastic processing machinery and related equipment and raw materials in China. It offers CNC machine tools, gear and gearboxes, plastics machinery, and precision casting products.

Executives

Zhao Jia Bao	Executives
Hu Hong	Directors, executives
Tian Sha	Executives
Hang Bao Jun	Executives
Si Guan Lin	Executives
Guo Bao An	Executives
Long Xing Yuan	Directors, executives
Fu Lin Xing	Directors, executives
Song Geng Tian	Supervisors
Liu Wan Chao	Directors, executives
Li Qiang	Director
Wang La Xiang	Supervisors
Mao Feng	Executives
Zhang Yi	Supervisors
Wu Kang	Executives

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