Meisheng Cultural and Creative (SZSE:002699) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Meisheng Cultural and Creative Change In Receivables?

Meisheng Cultural and Creative's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Meisheng Cultural and Creative's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Meisheng Cultural and Creative's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-5.7 Mil. It means Meisheng Cultural and Creative's Accounts Receivable increased by ¥5.7 Mil from Dec. 2022 to Dec. 2023 .

Meisheng Cultural and Creative's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥78.0 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. Meisheng Cultural and Creative's Days Sales Outstanding for the three months ended in Mar. 2024 was 49.80.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Meisheng Cultural and Creative's liquidation value for the three months ended in Mar. 2024 was ¥-189.3 Mil.

Meisheng Cultural and Creative Change In Receivables Historical Data

The historical data trend for Meisheng Cultural and Creative'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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Meisheng Cultural and Creative Change In Receivables Chart

Meisheng Cultural and Creative Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-159.26

157.53

22.25

-270.68

-5.66

Meisheng Cultural and Creative 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															-	-	-	-	-

Meisheng Cultural and Creative 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 ¥0.0 Mil.

Meisheng Cultural and Creative (SZSE:002699) 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.

Meisheng Cultural and Creative's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	78.04	/	142.985	*	91
=	49.80

2. In Ben Graham's calculation of liquidation value, Meisheng Cultural and Creative's accounts receivable are only considered to be worth 75% of book value:

Meisheng Cultural and Creative'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)
=	263.747	-	599.812	+	0.75 * 78.04	+	0.5 * 176.389
=	-189.3

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Meisheng Cultural and Creative (SZSE:002699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Meisheng Cultural and Creative Corp Ltd (SZSE:002699) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Xinchang Provincial High-tech Park, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.chinarising.com.cn

Meisheng Cultural and Creative Corp Ltd is a China-based company principally engaged in culture industry related businesses. The company's products mainly include Intellectual Property (IP) derivatives, traditional derivatives, animation, games, films and television and other cultural industry products.

Executives

Zhang Yan	Executives
Pan Jing	Executives
Shu Min	Independent director
Zhu Lin Fang	Executives
Xiong Xu Feng	Executives
Yuan Xian Miao	Directors, executives
Chen Wen	Independent director

Meisheng Cultural and Creative (SZSE:002699) Headlines

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