Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Wuxi Double Elephant Micro Fibre Material Co Change In Receivables?

Wuxi Double Elephant Micro Fibre Material Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Wuxi Double Elephant Micro Fibre Material Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Wuxi Double Elephant Micro Fibre Material Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥42 Mil. It means Wuxi Double Elephant Micro Fibre Material Co's Accounts Receivable declined by ¥42 Mil from Dec. 2022 to Dec. 2023 .

Wuxi Double Elephant Micro Fibre Material Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥87 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. Wuxi Double Elephant Micro Fibre Material Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 18.62.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Wuxi Double Elephant Micro Fibre Material Co's liquidation value for the three months ended in Mar. 2024 was ¥-912 Mil.

Wuxi Double Elephant Micro Fibre Material Co Change In Receivables Historical Data

The historical data trend for Wuxi Double Elephant Micro Fibre 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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Wuxi Double Elephant Micro Fibre Material Co Change In Receivables Chart

Wuxi Double Elephant Micro Fibre Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-70.63

20.60

89.12

84.74

41.94

Wuxi Double Elephant Micro Fibre Material 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															-	-	-	-	-

Wuxi Double Elephant Micro Fibre 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.

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) 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.

Wuxi Double Elephant Micro Fibre 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
=	87.073	/	426.748	*	91
=	18.62

2. In Ben Graham's calculation of liquidation value, Wuxi Double Elephant Micro Fibre Material Co's accounts receivable are only considered to be worth 75% of book value:

Wuxi Double Elephant Micro Fibre 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)
=	170.902	-	1314.861	+	0.75 * 87.073	+	0.5 * 332.436
=	-912

Wuxi Double Elephant Micro Fibre Material Co Change In Receivables Related Terms

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Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wuxi Double Elephant Micro Fibre Material Co Ltd (SZSE:002395) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.188, Houzhai Middle Road, Hongshan Street, Xinwu District, Jiangsu Province, Wuxi, CHN

Website

http://www.sxcxgf.com

Wuxi Double Elephant Micro Fibre Material Co Ltd operates in the synthetic leather industry. The company is engaged in the production and supply of PVC artificial leather products. The products of the company include microfiber ultra-real leather, PVC artificial leather, and PU synthetic leather.

Executives

Wang Hao	Director
Wang Chun Long	Director

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Headlines

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