Lithium & Boron Technology (Lithium & Boron Technology) Change In Receivables : $-0.15 Mil (TTM As of Jun. 2022)

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What is Lithium & Boron Technology Change In Receivables?

Lithium & Boron Technology's change in receivables for the quarter that ended in Jun. 2022 was $-0.10 Mil. It means Lithium & Boron Technology's Accounts Receivable increased by $0.10 Mil from Mar. 2022 to Jun. 2022 .

Lithium & Boron Technology's change in receivables for the fiscal year that ended in Dec. 2021 was $0.06 Mil. It means Lithium & Boron Technology's Accounts Receivable declined by $0.06 Mil from Dec. 2020 to Dec. 2021 .

Lithium & Boron Technology's Accounts Receivable for the quarter that ended in Jun. 2022 was $0.03 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. Lithium & Boron Technology's Days Sales Outstanding for the three months ended in Jun. 2022 was 7.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lithium & Boron Technology's liquidation value for the three months ended in Jun. 2022 was $-5.69 Mil.

Lithium & Boron Technology Change In Receivables Historical Data

The historical data trend for Lithium & Boron Technology'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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Lithium & Boron Technology Change In Receivables Chart

Lithium & Boron Technology Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Receivables

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0.14

-0.07

0.05

0.29

0.06

Lithium & Boron Technology Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Change In Receivables	Get a 7-Day Free Trial															0.15	0.01	-0.03	-0.03	-0.10

Lithium & Boron Technology 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.15 Mil.

Lithium & Boron Technology (OTCPK:LBTI) 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.

Lithium & Boron Technology's Days Sales Outstanding for the quarter that ended in Jun. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.027	/	0.31	*	91
=	7.95

2. In Ben Graham's calculation of liquidation value, Lithium & Boron Technology's accounts receivable are only considered to be worth 75% of book value:

Lithium & Boron Technology's liquidation value for the quarter that ended in Jun. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.635	-	6.483	+	0.75 * 0.027	+	0.5 * 0.284
=	-5.69

Lithium & Boron Technology Change In Receivables Related Terms

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Lithium & Boron Technology (Lithium & Boron Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lithium & Boron Technology Inc (OTCPK:LBTI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 East Ren-Min Road, Xai Xi County, Qing Hai Province, Da-Chai Dan, CHN, 817000

Website

http://www.lithiumborontech.com

Lithium & Boron Technology Inc is a Chinese boric acid manufacturing company. The company through its holding manufactures and sells boric acid and related compounds for industrial and consumer use. It offers boric acid manufacturing facilities to produce lithium carbonate for the rapidly growing electric vehicle battery market in China.

Executives

Jimin Zhang	10 percent owner	33 DENG SHI DOU STREET, BEJING F4 100006
Ginko International Investment Co., Ltd	10 percent owner	WICKHAMS CAY II, ROAD TOWN, TORTOLA D8 VG1110
Jian Zhang	10 percent owner	60 EAST REN-MIN ROAD, DA-CHAI-DAN TOWN, XAIXI COUNTY,QING HAI PROVINCE F4 813300
Mao Zhang	director, 10 percent owner	60 EAST REN-MIN ROAD, DA-CHAI-DAN TOWN, XAIXI COUNTY,QING HAI PROVINCE F4 813300
Huajun Ai	officer: Corporate Secretary	C/O SMARTHEAT, A-1,10, STREET 7, SHENYANG F4 110027
Northtech Holdings Inc.	10 percent owner	MILL MALL 6 WICKHAMS CAY1, P. O. BOX 3085 ROAD TOWN, TORTOLA D8 VG1110
Kenneth E. Scipta	director	4045 CENTER POINTE PLACE, SARASOTA FL 34233
Michael Wilhelm	officer: Chief Financial Officer	6529 N. OSHKOSH AVENUE, CHICAGO IL 60631
Oliver Bialowons	director, officer: President	SCHREIBERSTR 38, STUTTGART 2M 70199
Qingtai Kong	director	A-1,10,STREET 7,SHENYANG ECON&TECH ZONE, C/O SMARTHEAT INC., SHENYANG F4 110141
Xudong Wang	officer: VP of Strategy and Development	C/O SMARTHEAT INC, A-1 TO ST 7 SHENYANG ECO & TECH DEV ZONE, SHENYANG F4 110027
Xin Li	director	C/O SMARTHEAT INC, A-1 10 STREET 7, SHENYANG F4 110027
Arnold Staloff	director	1605 MAYFLOWER LANE, CHERRY HILL NJ 08003
Fredric W Rittereiser	director	C/O UTTC 1900 MARKET ST, STE 701, PHILADELPHIA PA 19103
Wenbin Lin	director	C/O SMARTHEAT,A-1,10, STREET 7, SHENYANG ECON & TECH DEV. ZONE, SHENYANG F4 110027

Lithium & Boron Technology (Lithium & Boron Technology) Headlines

From GuruFocus

Lithium & Boron Technology Announces Breakthrough Technology For Lithium Carbonate Production Used in Electric Vehicle and Energy Storage Batteries

By PRNewswire PRNewswire • 11-11-2021