CN Energy Group (CN Energy Group) Change In Receivables : $-11.27 Mil (TTM As of Sep. 2023)

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What is CN Energy Group Change In Receivables?

CN Energy Group's change in receivables for the quarter that ended in Sep. 2023 was $-7.80 Mil. It means CN Energy Group's Accounts Receivable increased by $7.80 Mil from Mar. 2023 to Sep. 2023 .

CN Energy Group's change in receivables for the fiscal year that ended in Sep. 2023 was $-11.27 Mil. It means CN Energy Group's Accounts Receivable increased by $11.27 Mil from Sep. 2022 to Sep. 2023 .

CN Energy Group's Accounts Receivable for the quarter that ended in Sep. 2023 was $29.01 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. CN Energy Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 150.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CN Energy Group's liquidation value for the six months ended in Sep. 2023 was $0.65 Mil.

CN Energy Group Change In Receivables Historical Data

The historical data trend for CN Energy Group'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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CN Energy Group Change In Receivables Chart

CN Energy Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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-1.29

-4.22

-3.16

-8.50

-11.27

CN Energy Group Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial						-4.36	1.47	-9.97	-3.46	-7.80

CN Energy Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-11.27 Mil.

CN Energy Group (NAS:CNEY) 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.

CN Energy Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	29.013	/	35.224	*	91
=	150.32

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

CN Energy Group's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.196	-	22.633	+	0.75 * 29.013	+	0.5 * 2.655
=	0.65

CN Energy Group Change In Receivables Related Terms

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CN Energy Group (CN Energy Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CN Energy Group Inc (NAS:CNEY) » Definitions » Change In Receivables

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Address

No. 268 Shiniu Road, Building 2-B, Room 206, Liandu District, Zhejiang Province, Lishui, CHN

Website

https://www.ir.cneny.com

CN Energy Group Inc along with its subsidiaries is a manufacturer and supplier of wood-based activated carbon that is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production and a producer of biomass electricity generated in the process of producing activated carbon. The firm generates a majority of its revenue from Activated carbon.