Tianqi Lithium Industries (SZSE:002466) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Tianqi Lithium Industries Change In Receivables?

Tianqi Lithium Industries's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Tianqi Lithium Industries's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Tianqi Lithium Industries's change in receivables for the fiscal year that ended in Dec. 2023 was ¥4,798 Mil. It means Tianqi Lithium Industries's Accounts Receivable declined by ¥4,798 Mil from Dec. 2022 to Dec. 2023 .

Tianqi Lithium Industries's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,344 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. Tianqi Lithium Industries's Days Sales Outstanding for the three months ended in Mar. 2024 was 47.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tianqi Lithium Industries's liquidation value for the three months ended in Mar. 2024 was ¥-5,224 Mil.

Tianqi Lithium Industries Change In Receivables Historical Data

The historical data trend for Tianqi Lithium Industries'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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Tianqi Lithium Industries Change In Receivables Chart

Tianqi Lithium Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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593.85

246.12

-2,581.54

-8,293.55

4,797.96

Tianqi Lithium Industries 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															-	-	-	-	-

Tianqi Lithium Industries 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.

Tianqi Lithium Industries (SZSE:002466) 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.

Tianqi Lithium Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1344.209	/	2584.635	*	91
=	47.46

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

Tianqi Lithium Industries'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)
=	9394.835	-	17123.402	+	0.75 * 1344.209	+	0.5 * 2993.657
=	-5,224

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Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Executives

Yan Dong	Executives
Guo Wei	Executives
Zou Jun	Directors, executives
Li Bo	Directors, Directors, and Executives
Fu Xu Mei	Securities Affairs Representative
Ge Wei	Executives
Wu Wei	Directors, executives
Jiang Wei Ping	Director
She Shi Fu	Supervisors

Tianqi Lithium Industries (SZSE:002466) Headlines

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