Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Jiangsu Zhongsheng Gaoke Environmental Co Change In Receivables?

Jiangsu Zhongsheng Gaoke Environmental Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Jiangsu Zhongsheng Gaoke Environmental Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Jiangsu Zhongsheng Gaoke Environmental Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-117.6 Mil. It means Jiangsu Zhongsheng Gaoke Environmental Co's Accounts Receivable increased by ¥117.6 Mil from Dec. 2022 to Dec. 2023 .

Jiangsu Zhongsheng Gaoke Environmental Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥542.5 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. Jiangsu Zhongsheng Gaoke Environmental Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 450.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Jiangsu Zhongsheng Gaoke Environmental Co's liquidation value for the three months ended in Mar. 2024 was ¥-255.8 Mil.

Jiangsu Zhongsheng Gaoke Environmental Co Change In Receivables Historical Data

The historical data trend for Jiangsu Zhongsheng Gaoke Environmental 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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Jiangsu Zhongsheng Gaoke Environmental Co Change In Receivables Chart

Jiangsu Zhongsheng Gaoke Environmental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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24.99

-119.83

-155.46

-23.03

-117.62

Jiangsu Zhongsheng Gaoke Environmental 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															-	-	-	-	-

Jiangsu Zhongsheng Gaoke Environmental 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 ¥0.0 Mil.

Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) 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.

Jiangsu Zhongsheng Gaoke Environmental 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
=	542.499	/	109.785	*	91
=	450.91

2. In Ben Graham's calculation of liquidation value, Jiangsu Zhongsheng Gaoke Environmental Co's accounts receivable are only considered to be worth 75% of book value:

Jiangsu Zhongsheng Gaoke Environmental 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)
=	90.494	-	812.728	+	0.75 * 542.499	+	0.5 * 119.071
=	-255.8

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Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jiangsu Zhongsheng Gaoke Environmental Co Ltd (SZSE:002778) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Whale Industrial Concentration Zone, Xushe Town, Jiangsu Province, Yixing, CHN, 214244

Website

http://www.jsgaoke.com

Jiangsu Zhongsheng Gaoke Environmental Co Ltd formerly Jiangsu Gaoke Petrochemical Co Ltd is engaged in research and development, production and sales of lubricants and fats. It produces industrial lubricants, automotive lubricants, special oils, greases and other lubricant products. It's products used in electric power equipment, engineering machinery, industrial machinery equipment, metallurgy, and transportation.

Executives

Xu Chun Dong	Director
Wang Zhao Ming	Director
Tan Jian Ming	Supervisors
Xu Zhi Jian	Director
Chen Guo Rong	Director

Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Headlines

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