Zhejiang RIFA Precision Machinery Co (SZSE:002520) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang RIFA Precision Machinery Co Change In Receivables?

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

Zhejiang RIFA Precision Machinery Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥29 Mil. It means Zhejiang RIFA Precision Machinery Co's Accounts Receivable declined by ¥29 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang RIFA Precision Machinery Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥327 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. Zhejiang RIFA Precision Machinery Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 65.20.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhejiang RIFA Precision Machinery Co's liquidation value for the three months ended in Mar. 2024 was ¥-1,692 Mil.

Zhejiang RIFA Precision Machinery Co Change In Receivables Historical Data

The historical data trend for Zhejiang RIFA Precision Machinery 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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Zhejiang RIFA Precision Machinery Co Change In Receivables Chart

Zhejiang RIFA Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-27.14

-89.57

-106.88

37.98

29.19

Zhejiang RIFA Precision Machinery 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															-	-	-	-	-

Zhejiang RIFA Precision Machinery 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.

Zhejiang RIFA Precision Machinery Co (SZSE:002520) 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.

Zhejiang RIFA Precision Machinery 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
=	327.014	/	457.685	*	91
=	65.20

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

Zhejiang RIFA Precision Machinery 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)
=	349.443	-	2876.901	+	0.75 * 327.014	+	0.5 * 1180.676
=	-1,692

Zhejiang RIFA Precision Machinery Co Change In Receivables Related Terms

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Zhejiang RIFA Precision Machinery Co (SZSE:002520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang RIFA Precision Machinery Co Ltd (SZSE:002520) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Nanyan Industry Zone, Zhejiang Province, Xinchang, CHN, 312500

Website

http://www.rifapm.com

Zhejiang RIFA Precision Machinery Co Ltd is a China-based company engaged in the manufacturing and distribution of computer numerical control (CNC) machine tools. It provides CNC lathes, CNC grinding machines, vertical machining centers, horizontal machining centers, as well as gantry machining centers, among others. It offers its products under the brand name RIFA. The company distributes its products within domestic market and to overseas markets.

Executives

Wang Ben Shan	Directors, executives
Huang Lin Jun	Supervisors
Wu Jie	Director
Wang Ji	Director
Dong Yi Guang	Supervisors

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Headlines

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