Shandong Meichen Ecology & Environment Co (SZSE:300237) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Shandong Meichen Ecology & Environment Co Change In Receivables?

Shandong Meichen Ecology & Environment Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Shandong Meichen Ecology & Environment Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Shandong Meichen Ecology & Environment Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥181 Mil. It means Shandong Meichen Ecology & Environment Co's Accounts Receivable declined by ¥181 Mil from Dec. 2022 to Dec. 2023 .

Shandong Meichen Ecology & Environment Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,226 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. Shandong Meichen Ecology & Environment Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 259.34.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shandong Meichen Ecology & Environment Co's liquidation value for the three months ended in Mar. 2024 was ¥-6,115 Mil.

Shandong Meichen Ecology & Environment Co Change In Receivables Historical Data

The historical data trend for Shandong Meichen Ecology & Environment 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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Shandong Meichen Ecology & Environment Co Change In Receivables Chart

Shandong Meichen Ecology & Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-287.05

-123.99

-6.58

446.10

180.58

Shandong Meichen Ecology & Environment 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															-	-	-	-	-

Shandong Meichen Ecology & Environment 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.

Shandong Meichen Ecology & Environment Co (SZSE:300237) 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.

Shandong Meichen Ecology & Environment 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
=	1226.213	/	431.449	*	91
=	259.34

2. In Ben Graham's calculation of liquidation value, Shandong Meichen Ecology & Environment Co's accounts receivable are only considered to be worth 75% of book value:

Shandong Meichen Ecology & Environment 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)
=	232.697	-	7571.083	+	0.75 * 1226.213	+	0.5 * 607.291
=	-6,115

Shandong Meichen Ecology & Environment Co Change In Receivables Related Terms

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Shandong Meichen Ecology & Environment Co (SZSE:300237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Meichen Ecology & Environment Co Ltd (SZSE:300237) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200

Website

http://www.meichen.cc

Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.

Executives

Xu Hai Qin	Director
Zhang Lei	Director
Zheng Zhao Wei	Director
Li Rong Hua	Directors, executives
Guo Bai Feng	Director
Ma Jing Chun	Director
Li Rui Long	Executives
Xiao Pan Wen	Directors, executives
Sun Pei Zhu	Directors, executives
Li Wei Gang	Secretary Dong
Zhen Ran	Supervisors
Zhao Xiang Yang	Independent director
Li Xiao Nan	Director

Shandong Meichen Ecology & Environment Co (SZSE:300237) Headlines

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