GKG Precision Machine Co (SZSE:301338) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is GKG Precision Machine Co Change In Receivables?

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

GKG Precision Machine Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-150.9 Mil. It means GKG Precision Machine Co's Accounts Receivable increased by ¥150.9 Mil from Dec. 2022 to Dec. 2023 .

GKG Precision Machine Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥178.2 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. GKG Precision Machine Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 105.28.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. GKG Precision Machine Co's liquidation value for the three months ended in Mar. 2024 was ¥743.7 Mil.

GKG Precision Machine Co Change In Receivables Historical Data

The historical data trend for GKG Precision Machine 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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GKG Precision Machine Co Change In Receivables Chart

GKG Precision Machine Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-22.25

-6.66

-23.37

-76.80

-150.89

GKG Precision Machine Co Quarterly Data
	Dec17	Dec18	Dec19	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														-	-	-	-	-

GKG Precision Machine 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.

GKG Precision Machine Co (SZSE:301338) 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.

GKG Precision Machine 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
=	178.248	/	154.491	*	91
=	105.28

2. In Ben Graham's calculation of liquidation value, GKG Precision Machine Co's accounts receivable are only considered to be worth 75% of book value:

GKG Precision Machine 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)
=	1117.316	-	776	+	0.75 * 178.248	+	0.5 * 537.473
=	743.7

GKG Precision Machine Co Change In Receivables Related Terms

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GKG Precision Machine Co (SZSE:301338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GKG Precision Machine Co Ltd (SZSE:301338) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 2 Shalang Road, Dongcheng Street, Guangdong Province, Dongguan, CHN, 523000

Website

http://www.gkg.cn

GKG Precision Machine Co Ltd is a manufacturing and process solution provider focusing on the research and development, production, sales and service of high end precision automation equipment, and a national high-tech enterprise. The company owns Precision Solder Paste Printing Equipment Division, High Speed ??Precision Dispensing Equipment Division, Precision Packaging Equipment Division, and Flexible Manufacturing System Division.

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