China Merchants Energy Shipping Co (SHSE:601872) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is China Merchants Energy Shipping Co Change In Receivables?

China Merchants Energy Shipping Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means China Merchants Energy Shipping Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

China Merchants Energy Shipping Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥465 Mil. It means China Merchants Energy Shipping Co's Accounts Receivable declined by ¥465 Mil from Dec. 2022 to Dec. 2023 .

China Merchants Energy Shipping Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,544 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. China Merchants Energy Shipping Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 22.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Merchants Energy Shipping Co's liquidation value for the three months ended in Mar. 2024 was ¥-17,995 Mil.

China Merchants Energy Shipping Co Change In Receivables Historical Data

The historical data trend for China Merchants Energy Shipping 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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China Merchants Energy Shipping Co Change In Receivables Chart

China Merchants Energy Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,173.70

1,612.68

1,617.38

-570.30

465.18

China Merchants Energy Shipping 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															-	-	-	-	-

China Merchants Energy Shipping 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.

China Merchants Energy Shipping Co (SHSE:601872) 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.

China Merchants Energy Shipping 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
=	1544.464	/	6253.797	*	91
=	22.54

2. In Ben Graham's calculation of liquidation value, China Merchants Energy Shipping Co's accounts receivable are only considered to be worth 75% of book value:

China Merchants Energy Shipping 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)
=	4656.818	-	24485.985	+	0.75 * 1544.464	+	0.5 * 1352.181
=	-17,995

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002

Website

http://www.cmenergyshipping.com

China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

Executives

Hu Bin	senior management
Deng Wei Dong	Director
Wang Yong Xin	Directors, senior managers
Xu Hui	senior management
Kong Kang	senior management
Yan Wu Shan	senior management
Su Xin Gang	Director
Ding Lei	senior management
Xie Chun Lin	Director
Song De Xing	Director
Lv Sheng Zhou	Director

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