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Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Change In Receivables : HK$-31 Mil (TTM As of Dec. 2010)


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What is Sanmenxia Tianyuan Aluminum Co Change In Receivables?

Sanmenxia Tianyuan Aluminum Co's change in receivables for the quarter that ended in Dec. 2010 was HK$-31 Mil. It means Sanmenxia Tianyuan Aluminum Co's Accounts Receivable increased by HK$31 Mil from Dec. 2009 to Dec. 2010 .

Sanmenxia Tianyuan Aluminum Co's change in receivables for the fiscal year that ended in Dec. 2010 was HK$-31 Mil. It means Sanmenxia Tianyuan Aluminum Co's Accounts Receivable increased by HK$31 Mil from Dec. 2009 to Dec. 2010 .

Sanmenxia Tianyuan Aluminum Co's Accounts Receivable for the quarter that ended in Dec. 2010 was HK$26 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. Sanmenxia Tianyuan Aluminum Co's Days Sales Outstanding for the six months ended in Dec. 2010 was 3.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sanmenxia Tianyuan Aluminum Co's liquidation value for the six months ended in Dec. 2010 was HK$-2,695 Mil.


Sanmenxia Tianyuan Aluminum Co Change In Receivables Historical Data

The historical data trend for Sanmenxia Tianyuan Aluminum 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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Sanmenxia Tianyuan Aluminum Co Change In Receivables Chart

Sanmenxia Tianyuan Aluminum Co Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Change In Receivables
Get a 7-Day Free Trial - -207.43 257.14 -28.75 -31.22

Sanmenxia Tianyuan Aluminum Co Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Change In Receivables Get a 7-Day Free Trial - -207.43 257.14 -28.75 -31.22

Sanmenxia Tianyuan Aluminum 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2010 was HK$-31 Mil.

* 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.


Sanmenxia Tianyuan Aluminum Co  (HKSE:08253) 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.

Sanmenxia Tianyuan Aluminum Co's Days Sales Outstanding for the quarter that ended in Dec. 2010 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=26.011/1528.66*91
=3.11

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

Sanmenxia Tianyuan Aluminum Co's liquidation value for the quarter that ended in Dec. 2010 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=29.013-2798.903+0.75 * 26.011+0.5 * 111.229
=-2,695

* 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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Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Business Description

Traded in Other Exchanges
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Address
Sanmenxia Tianyuan Aluminum Co. is mainly engaged in aluminum and aluminum alloy ingots production and sales, as well as import business concerning reasearch required materials and equipments.

Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Headlines

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