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Zhejiang Tiantie Industry Co (SZSE:300587) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)


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What is Zhejiang Tiantie Industry Co Change In Receivables?

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

Zhejiang Tiantie Industry Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-158 Mil. It means Zhejiang Tiantie Industry Co's Accounts Receivable increased by ¥158 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Tiantie Industry Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,394 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 Tiantie Industry Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 213.38.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhejiang Tiantie Industry Co's liquidation value for the three months ended in Mar. 2024 was ¥-1,300 Mil.


Zhejiang Tiantie Industry Co Change In Receivables Historical Data

The historical data trend for Zhejiang Tiantie Industry 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 Tiantie Industry Co Change In Receivables Chart

Zhejiang Tiantie Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -507.28 -244.91 -521.17 -782.84 -158.27

Zhejiang Tiantie Industry 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 - - - - -

Zhejiang Tiantie Industry 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.


Zhejiang Tiantie Industry Co  (SZSE:300587) 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 Tiantie Industry 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
=1394.477/596.324*91
=213.38

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

Zhejiang Tiantie Industry 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)
=408.759-3030.274+0.75 * 1394.477+0.5 * 551.744
=-1,300

* 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 Tiantie Industry Co (SZSE:300587) Business Description

Traded in Other Exchanges
N/A
Address
No.928, Renmin East Road, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200
Zhejiang Tiantie Industry Co Ltd provides engineering rubber products. The company manufactures and sells industrial rubber goods, rubberized fabrics, and other rubber products. It offers track structures, such as rails, sleepers, and ballast; vibration damping products; isolated rubber damping pads; embedded rubber crossing boards and plates; conveyor belts; elastic components; and sealing products and other rubber products.
Executives
Wang Sen Rong Executives
Zheng Shuang Lian Executives
Zheng Jian Feng Executives
Niu Wen Qiang Directors, executives
Di Xiao Yu Supervisors
Xu Ji Ding Director
Lu Ling Xiao Supervisors
Fan Wei Wei Directors, executives
Xu Yin Bin Directors, executives
Xu Kong Bin Directors, executives
Zhu Jian Zhong Executives
Yang Tai Feng Executives
Wang Bo Directors, executives
Fan Wen Rong Securities Affairs Representative

Zhejiang Tiantie Industry Co (SZSE:300587) Headlines

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