Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) Change In Receivables : HK$0 Mil (TTM As of Dec. 2023)

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What is Xinjiang Tianye Waterving Irrigation System Co Change In Receivables?

Xinjiang Tianye Waterving Irrigation System Co's change in receivables for the quarter that ended in Dec. 2023 was HK$0 Mil. It means Xinjiang Tianye Waterving Irrigation System Co's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Xinjiang Tianye Waterving Irrigation System Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-169 Mil. It means Xinjiang Tianye Waterving Irrigation System Co's Accounts Receivable increased by HK$169 Mil from Dec. 2022 to Dec. 2023 .

Xinjiang Tianye Waterving Irrigation System Co's Accounts Receivable for the quarter that ended in Dec. 2023 was HK$173 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. Xinjiang Tianye Waterving Irrigation System Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 28.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Xinjiang Tianye Waterving Irrigation System Co's liquidation value for the three months ended in Dec. 2023 was HK$-198 Mil.

Xinjiang Tianye Waterving Irrigation System Co Change In Receivables Historical Data

The historical data trend for Xinjiang Tianye Waterving Irrigation System 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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Xinjiang Tianye Waterving Irrigation System Co Change In Receivables Chart

Xinjiang Tianye Waterving Irrigation System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.49

2.62

26.50

-16.66

-169.45

Xinjiang Tianye Waterving Irrigation System Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Xinjiang Tianye Waterving Irrigation System 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.

Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) 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.

Xinjiang Tianye Waterving Irrigation System Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	173.121	/	559.817	*	91
=	28.22

2. In Ben Graham's calculation of liquidation value, Xinjiang Tianye Waterving Irrigation System Co's accounts receivable are only considered to be worth 75% of book value:

Xinjiang Tianye Waterving Irrigation System Co's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	372.754	-	841.421	+	0.75 * 173.121	+	0.5 * 282.337
=	-198

Xinjiang Tianye Waterving Irrigation System Co Change In Receivables Related Terms

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Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xinjiang Tianye Water Saving Irrigation System Co Ltd (HKSE:00840) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 36, Bei San Dong Road, Shihezi Economic and Technological Development Zone, Xinjiang, Shihezi, CHN, 832000

Website

https://www.tianyejieshui.com.cn

Xinjiang Tianye Water Saving Irrigation System Co Ltd is a China-based firm engaged in the manufacture of plastic products. Its activities include the production and marketing of agricultural plastic water-saving irrigation equipment and plastic pipelines, and construction and installation of water-saving irrigation systems. The company's products include the PVC materials for water supply pipes, PE piping materials and accessories, pressure compensatory drip tapes, labyrinth-style drip tapes, embedded-style drip tapes, agricultural tapes and drippers. It also offers installation services for water-saving irrigation systems.

Executives

Ding Wei	2101 Beneficial owner
Wang Bing	2202 Interest of your spouse

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