Qilian International Holding Group (Qilian International Holding Group) Change In Receivables : $-2.89 Mil (TTM As of Sep. 2023)

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What is Qilian International Holding Group Change In Receivables?

Qilian International Holding Group's change in receivables for the quarter that ended in Sep. 2023 was $-1.06 Mil. It means Qilian International Holding Group's Accounts Receivable increased by $1.06 Mil from Mar. 2023 to Sep. 2023 .

Qilian International Holding Group's change in receivables for the fiscal year that ended in Sep. 2023 was $-2.89 Mil. It means Qilian International Holding Group's Accounts Receivable increased by $2.89 Mil from Sep. 2022 to Sep. 2023 .

Qilian International Holding Group's Accounts Receivable for the quarter that ended in Sep. 2023 was $1.98 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. Qilian International Holding Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 20.84.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Qilian International Holding Group's liquidation value for the six months ended in Sep. 2023 was $19.49 Mil.

Qilian International Holding Group Change In Receivables Historical Data

The historical data trend for Qilian International Holding 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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Qilian International Holding Group Change In Receivables Chart

Qilian International Holding Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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-1.47

-6.25

-0.16

9.77

-2.89

Qilian International Holding Group Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial								-9.23	1.71	8.06	-1.83	-1.06

Qilian International Holding 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 $-2.89 Mil.

Qilian International Holding Group (NAS:QLI) 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.

Qilian International Holding 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
=	1.976	/	17.308	*	91
=	20.84

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

Qilian International Holding 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)
=	22.419	-	6.907	+	0.75 * 1.976	+	0.5 * 4.991
=	19.49

Qilian International Holding Group Change In Receivables Related Terms

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Qilian International Holding Group (Qilian International Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qilian International Holding Group Ltd (NAS:QLI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuquan Economic and Technological Development Zone, Gansu Province, Jiuquan, CHN, 735000

Website

http://ir.qlsyy.net

Qilian International Holding Group Ltd is a pharmaceutical and chemical company. The company is engaged in the development, manufacture, marketing, and sale of licorice products, oxytetracycline products, traditional Chinese medicine derivatives products, heparin products, sausage casings, and fertilizers. It operates through three segments namely, Oxytetracycline and Licorice products and TCMD; Fertilizer; and Heparin products and Sausage casing. Oxytetracycline and Licorice products and TCMD segment generates majority of the revenue.