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Xiamen Solex High-Tech Industries Co (SHSE:603992) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)


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What is Xiamen Solex High-Tech Industries Co Change In Receivables?

Xiamen Solex High-Tech Industries Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Xiamen Solex High-Tech Industries Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Xiamen Solex High-Tech Industries Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-224 Mil. It means Xiamen Solex High-Tech Industries Co's Accounts Receivable increased by ¥224 Mil from Dec. 2022 to Dec. 2023 .

Xiamen Solex High-Tech Industries Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥479 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. Xiamen Solex High-Tech Industries Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 64.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Xiamen Solex High-Tech Industries Co's liquidation value for the three months ended in Mar. 2024 was ¥723 Mil.


Xiamen Solex High-Tech Industries Co Change In Receivables Historical Data

The historical data trend for Xiamen Solex High-Tech Industries 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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Xiamen Solex High-Tech Industries Co Change In Receivables Chart

Xiamen Solex High-Tech Industries Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only -53.67 -112.30 -39.90 179.14 -223.73

Xiamen Solex High-Tech Industries Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 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 Premium Member Only Premium Member Only - - - - -

Xiamen Solex High-Tech Industries 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 ¥0 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.


Xiamen Solex High-Tech Industries Co  (SHSE:603992) 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.

Xiamen Solex High-Tech Industries 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
=478.517/681.037*91
=64.11

2. In Ben Graham's calculation of liquidation value, Xiamen Solex High-Tech Industries Co's accounts receivable are only considered to be worth 75% of book value:

Xiamen Solex High-Tech Industries 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)
=1619.848-1418.352+0.75 * 478.517+0.5 * 324.644
=723

* 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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Xiamen Solex High-Tech Industries Co (SHSE:603992) Business Description

Traded in Other Exchanges
N/A
Address
No. 18, Haijing East Road, A06, 4th Floor, Xiamen District, Fujian Province, China (Fujian) Free Trade Zone, Xiamen, CHN, 361026
Xiamen Solex High-Tech Industries Co Ltd is engaged in the designing and manufacturing of precision product lines, such as showers, hoses, faucets, shower systems, enclosures, cabinets and others.
Executives
Wei Ling Directors, senior managers
Wu Chao Hua Directors, senior managers
Cao Bin senior management
Chen Bin Directors, senior managers

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