Wuhan Jingce Electronic Group Co (SZSE:300567) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Wuhan Jingce Electronic Group Co Change In Receivables?

Wuhan Jingce Electronic Group Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Wuhan Jingce Electronic Group Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Wuhan Jingce Electronic Group Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-175 Mil. It means Wuhan Jingce Electronic Group Co's Accounts Receivable increased by ¥175 Mil from Dec. 2022 to Dec. 2023 .

Wuhan Jingce Electronic Group Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,267 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. Wuhan Jingce Electronic Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 276.63.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Wuhan Jingce Electronic Group Co's liquidation value for the three months ended in Mar. 2024 was ¥-1,667 Mil.

Wuhan Jingce Electronic Group Co Change In Receivables Historical Data

The historical data trend for Wuhan Jingce Electronic Group 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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Wuhan Jingce Electronic Group Co Change In Receivables Chart

Wuhan Jingce Electronic Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-304.46

-21.17

-245.91

-672.19

-175.04

Wuhan Jingce Electronic Group 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															-	-	-	-	-

Wuhan Jingce Electronic Group 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.

Wuhan Jingce Electronic Group Co (SZSE:300567) 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.

Wuhan Jingce Electronic Group 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
=	1267.224	/	418.013	*	91
=	276.63

2. In Ben Graham's calculation of liquidation value, Wuhan Jingce Electronic Group Co's accounts receivable are only considered to be worth 75% of book value:

Wuhan Jingce Electronic Group 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)
=	1514.298	-	5010.642	+	0.75 * 1267.224	+	0.5 * 1757.034
=	-1,667

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Wuhan Jingce Electronic Group Co (SZSE:300567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuhan Jingce Electronic Group Co Ltd (SZSE:300567) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

No.53 Nanhu Avenue, 4 Floor, Hongshan Science & Technology Innovation Center, Hongshan District, Wuhan, CHN, 430070

Website

http://www.wuhanjingce.com

Wuhan Jingce Electronic Group Co Ltd operates in the domestic flat panel display industry. The company is mainly engaged in the research and development, production and sales of flat panel display detection systems. The company's main products include module test system, panel test system, OLED test system, AOI system, touch panel test system and FPD automation equipment.

Executives

Shen Ya Fei	Directors, executives
Liu Bing Hua	Directors, executives
You Li Juan	Executives
Yang Shen Dong	Executives
Chen Kai	Directors, executives
Peng Qian	Director
Luo Zhen Chuan	Executives
Ma Jun	Executives
Han Yu Hua	Supervisors

Wuhan Jingce Electronic Group Co (SZSE:300567) Headlines

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