Shenyang Fortune Precision Equipment Co (SHSE:688409) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Shenyang Fortune Precision Equipment Co Change In Receivables?

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

Shenyang Fortune Precision Equipment Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-482 Mil. It means Shenyang Fortune Precision Equipment Co's Accounts Receivable increased by ¥482 Mil from Dec. 2022 to Dec. 2023 .

Shenyang Fortune Precision Equipment Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,000 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. Shenyang Fortune Precision Equipment Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 130.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shenyang Fortune Precision Equipment Co's liquidation value for the three months ended in Mar. 2024 was ¥50 Mil.

Shenyang Fortune Precision Equipment Co Change In Receivables Historical Data

The historical data trend for Shenyang Fortune Precision Equipment 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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Shenyang Fortune Precision Equipment Co Change In Receivables Chart

Shenyang Fortune Precision Equipment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-12.84

-105.03

-332.22

-470.85

-481.54

Shenyang Fortune Precision Equipment Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial											-	-	-	-	-

Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment Co (SHSE:688409) 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.

Shenyang Fortune Precision Equipment 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
=	1000.226	/	701.476	*	91
=	130.11

2. In Ben Graham's calculation of liquidation value, Shenyang Fortune Precision Equipment Co's accounts receivable are only considered to be worth 75% of book value:

Shenyang Fortune Precision Equipment 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)
=	1707.396	-	2842.943	+	0.75 * 1000.226	+	0.5 * 870.908
=	50

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Shenyang Fortune Precision Equipment Co (SHSE:688409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.fortune-semi.com

Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

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