Wetown Electric Group Co (SHSE:688226) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Wetown Electric Group Co Change In Receivables?

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

Wetown Electric Group Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-748 Mil. It means Wetown Electric Group Co's Accounts Receivable increased by ¥748 Mil from Dec. 2022 to Dec. 2023 .

Wetown Electric Group Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,702 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. Wetown Electric Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 195.38.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Wetown Electric Group Co's liquidation value for the three months ended in Mar. 2024 was ¥-577 Mil.

Wetown Electric Group Co Change In Receivables Historical Data

The historical data trend for Wetown Electric Group 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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Wetown Electric Group Co Change In Receivables Chart

Wetown Electric Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-68.60

-164.64

-79.75

-322.57

-748.33

Wetown Electric Group Co Quarterly Data
	Dec17	Dec18	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															-	-	-	-	-

Wetown Electric Group 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.

Wetown Electric Group Co (SHSE:688226) 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.

Wetown Electric Group 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
=	1702.049	/	794.937	*	91
=	195.38

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

Wetown Electric Group 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)
=	318.31	-	2360.974	+	0.75 * 1702.049	+	0.5 * 377.264
=	-577

Wetown Electric Group Co Change In Receivables Related Terms

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Wetown Electric Group Co (SHSE:688226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wetown Electric Group Co Ltd (SHSE:688226) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

No. 1, Nanzi Road, Xinba Science and Technology Park, Jiangsu Province, Yangzhong, CHN, 212200

Website

https://www.wetown.com.cn

Wetown Electric Group Co Ltd is engaged in the development and manufacturing of electrical products. it offers product such as high and low voltage busbars; complete sets of electrical and intelligent components; copper and aluminum materials and tinned copper tape; bridges and hangers and others.

Wetown Electric Group Co (SHSE:688226) Headlines

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