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Shanghai Longcheer Technology Co (SHSE:603341) Change In Receivables : ¥-2,989 Mil (TTM As of Mar. 2024)


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What is Shanghai Longcheer Technology Co Change In Receivables?

Shanghai Longcheer Technology Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Shanghai Longcheer Technology Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Shanghai Longcheer Technology Co's change in receivables for the fiscal year that ended in Dec. 2022 was ¥404 Mil. It means Shanghai Longcheer Technology Co's Accounts Receivable declined by ¥404 Mil from Dec. 2021 to Dec. 2022 .

Shanghai Longcheer Technology Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥9,459 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. Shanghai Longcheer Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 83.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shanghai Longcheer Technology Co's liquidation value for the three months ended in Mar. 2024 was ¥-2,453 Mil.


Shanghai Longcheer Technology Co Change In Receivables Historical Data

The historical data trend for Shanghai Longcheer Technology 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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Shanghai Longcheer Technology Co Change In Receivables Chart

Shanghai Longcheer Technology Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22
Change In Receivables
Get a 7-Day Free Trial Premium Member Only -949.56 31.49 -4,172.72 -203.83 404.24

Shanghai Longcheer Technology Co Quarterly Data
Dec12 Dec13 Dec14 Jun15 Dec15 Dec16 Jun17 Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - -99.80 -2,889.08 -

Shanghai Longcheer Technology 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-2,989 Mil.

* 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.


Shanghai Longcheer Technology Co  (SHSE:603341) 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.

Shanghai Longcheer Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=9459.369/10336.615*91
=83.51

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

Shanghai Longcheer Technology Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=7589.594-18542.531+0.75 * 9459.369+0.5 * 2811.407
=-2,453

* 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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Shanghai Longcheer Technology Co (SHSE:603341) Business Description

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