Zhejiang Meili High Technology Co (SZSE:300611) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Zhejiang Meili High Technology Co Change In Receivables?

Zhejiang Meili High Technology Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Zhejiang Meili High Technology Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Zhejiang Meili High Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-168 Mil. It means Zhejiang Meili High Technology Co's Accounts Receivable increased by ¥168 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Meili High Technology Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥405 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. Zhejiang Meili High Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 122.47.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhejiang Meili High Technology Co's liquidation value for the three months ended in Mar. 2024 was ¥-267 Mil.

Zhejiang Meili High Technology Co Change In Receivables Historical Data

The historical data trend for Zhejiang Meili High Technology 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.

* Premium members only.

Zhejiang Meili High Technology Co Change In Receivables Chart

Zhejiang Meili High Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

-53.98

-91.71

-22.30

-40.80

-168.41

Zhejiang Meili High Technology 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															-	-	-	-	-

Zhejiang Meili High Technology 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.

Zhejiang Meili High Technology Co (SZSE:300611) 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.

Zhejiang Meili High Technology 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
=	405.484	/	302.129	*	91
=	122.47

2. In Ben Graham's calculation of liquidation value, Zhejiang Meili High Technology Co's accounts receivable are only considered to be worth 75% of book value:

Zhejiang Meili High Technology 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)
=	246.411	-	970.168	+	0.75 * 405.484	+	0.5 * 306.07
=	-267

Zhejiang Meili High Technology Co Change In Receivables Related Terms

Thank you for viewing the detailed overview of Zhejiang Meili High Technology Co's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Meili High Technology Co (SZSE:300611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Meili High Technology Co Ltd (SZSE:300611) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1365 West Xinchang Avenue, Zhejiang, Xinchang, CHN, 312500

Website

http://www.china-springs.com

Zhejiang Meili High Technology Co Ltd is a China based company engages in the provision of automotive products. Its products portfolio includes power system spring, suspension system spring, car body and interior spring, universal spring and other spring. Its product range focuses on automotive, covering motorcycle, engineering machinery, petroleum transport and conveying, precision instrument, sport apparatus and mechanical device.

Executives

Zhang Bi Hong	Director
Zhang Zhu Jun	Directors, executives
Wang Guo Lian	Directors, executives

Zhejiang Meili High Technology Co (SZSE:300611) Headlines

No Headlines