Yantai Jereh Oilfield Services Group Co (SZSE:002353) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Yantai Jereh Oilfield Services Group Co Change In Receivables?

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

Yantai Jereh Oilfield Services Group Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-1,202 Mil. It means Yantai Jereh Oilfield Services Group Co's Accounts Receivable increased by ¥1,202 Mil from Dec. 2022 to Dec. 2023 .

Yantai Jereh Oilfield Services Group Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥6,264 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. Yantai Jereh Oilfield Services Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 268.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Yantai Jereh Oilfield Services Group Co's liquidation value for the three months ended in Mar. 2024 was ¥2,526 Mil.

Yantai Jereh Oilfield Services Group Co Change In Receivables Historical Data

The historical data trend for Yantai Jereh Oilfield Services 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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Yantai Jereh Oilfield Services Group Co Change In Receivables Chart

Yantai Jereh Oilfield Services Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,490.49

-1,882.05

-1,429.36

-3,661.78

-1,201.52

Yantai Jereh Oilfield Services 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															-	-	-	-	-

Yantai Jereh Oilfield Services 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.

Yantai Jereh Oilfield Services Group Co (SZSE:002353) 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.

Yantai Jereh Oilfield Services 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
=	6264.22	/	2131.107	*	91
=	268.22

2. In Ben Graham's calculation of liquidation value, Yantai Jereh Oilfield Services Group Co's accounts receivable are only considered to be worth 75% of book value:

Yantai Jereh Oilfield Services 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)
=	7184.871	-	12138.448	+	0.75 * 6264.22	+	0.5 * 5562.722
=	2,526

Yantai Jereh Oilfield Services Group Co Change In Receivables Related Terms

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Yantai Jereh Oilfield Services Group Co (SZSE:002353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yantai Jereh Oilfield Services Group Co Ltd (SZSE:002353) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

No 7,Aucma Street, Laishan District, Shandong Province, Yantai, CHN, 264003

Website

http://www.jereh.com

Yantai Jereh Oilfield Services Group Co Ltd is a China-based company engaged in the manufacturing of oilfield equipment and the provision of oilfield services. It is engaged in drilling equipment and oil & gas field engineering equipment manufacturing, equipment maintenance and accessories sales, oil field engineering technology services, as well as oil & gas field construction services. The company conducts its businesses within domestic and overseas markets.

Executives

Lu Wei	Executives
Li Zhi Yong	Executives
Li Hui Tao	Director
Liu Zhen Feng	Director
Sun Wei Jie	Director
Wang Kun Xiao	Director
Dong Ting Ting	Supervisors
Wang Ji Li	Director
Liu Dong	Director
Li Xue Feng	Executives
Liu Yu Qiao	Supervisors
Cheng Yong Feng	Secretary Dong
Hu Wen Guo	Supervisors
Yu Xi Mao	Independent director
Yan Yu Li	Executives

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