Sunrise New Energy Co (Sunrise New Energy Co) Change In Receivables : $-15.07 Mil (TTM As of Jun. 2023)

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What is Sunrise New Energy Co Change In Receivables?

Sunrise New Energy Co's change in receivables for the quarter that ended in Jun. 2023 was $-9.11 Mil. It means Sunrise New Energy Co's Accounts Receivable increased by $9.11 Mil from Dec. 2022 to Jun. 2023 .

Sunrise New Energy Co's change in receivables for the fiscal year that ended in Dec. 2022 was $-3.01 Mil. It means Sunrise New Energy Co's Accounts Receivable increased by $3.01 Mil from Dec. 2021 to Dec. 2022 .

Sunrise New Energy Co's Accounts Receivable for the quarter that ended in Jun. 2023 was $13.47 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. Sunrise New Energy Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 118.72.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sunrise New Energy Co's liquidation value for the six months ended in Jun. 2023 was $-57.14 Mil.

Sunrise New Energy Co Change In Receivables Historical Data

The historical data trend for Sunrise New Energy 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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Sunrise New Energy Co Change In Receivables Chart

Sunrise New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-0.92

-6.68

-8.54

1.84

-3.01

Sunrise New Energy Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial							-0.95	2.78	2.95	-5.96	-9.11

Sunrise New Energy 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-15.07 Mil.

Sunrise New Energy Co (NAS:EPOW) 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.

Sunrise New Energy Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	13.471	/	20.708	*	91
=	118.72

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

Sunrise New Energy Co's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	9.092	-	86.768	+	0.75 * 13.471	+	0.5 * 20.858
=	-57.14

Sunrise New Energy Co Change In Receivables Related Terms

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Sunrise New Energy Co (Sunrise New Energy Co) Business Description

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Address

No. 69 Sanying Road, Zibo Science and Technology Industrial Entrepreneurship Park, Room 703, West Zone, R&D Building, Zhangdian District, Shandong Province, Zibo City, CHN

Website

https://www.sunrisenewenergy.com

Sunrise New Energy Co Ltd is engaged in the manufacturing and sale of graphite anode material for EVs and other lithium-ion batteries. The Company's joint venture is into the construction of a manufacturing plant in Guizhou Province. The plant runs on inexpensive electricity from renewable sources that enables the group to be a low-cost and low environmental impact producer of graphite anode material, Its products include GS-1, GS-2, GS-3, GZD-1, GLD-1, and GZ-1.