Shandong Shuangyi Technology Co (SZSE:300690) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Shandong Shuangyi Technology Co Change In Receivables?

Shandong Shuangyi Technology Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Shandong Shuangyi Technology Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Shandong Shuangyi Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥90.1 Mil. It means Shandong Shuangyi Technology Co's Accounts Receivable declined by ¥90.1 Mil from Dec. 2022 to Dec. 2023 .

Shandong Shuangyi Technology Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥311.1 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. Shandong Shuangyi Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 217.36.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shandong Shuangyi Technology Co's liquidation value for the three months ended in Mar. 2024 was ¥436.3 Mil.

Shandong Shuangyi Technology Co Change In Receivables Historical Data

The historical data trend for Shandong Shuangyi Technology 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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Shandong Shuangyi Technology Co Change In Receivables Chart

Shandong Shuangyi Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-162.02

-143.80

-43.14

-178.31

90.11

Shandong Shuangyi Technology 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															-	-	-	-	-

Shandong Shuangyi Technology 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 ¥0.0 Mil.

Shandong Shuangyi Technology Co (SZSE:300690) 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.

Shandong Shuangyi Technology 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
=	311.119	/	130.609	*	91
=	217.36

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

Shandong Shuangyi Technology 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)
=	439.916	-	365.982	+	0.75 * 311.119	+	0.5 * 258.149
=	436.3

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Shandong Shuangyi Technology Co (SZSE:300690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Shuangyi Technology Co Ltd (SZSE:300690) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Shuangyi Road, Xinhua Industrial Park, Decheng District, Shandong Province, Dezhou, CHN, 253007

Website

http://www.shuangyitec.com

Shandong Shuangyi Technology Co Ltd is a metal fabrication company based in China. The company is primarily engaged in the design, research and development, production, sales and service of composite products. The products are categorized into non-metallic mould machining, wind turbine nacelle cover, advanced composite materials, public and rail transit, yacht and boat, engineering and agricultural machinery and medical appliance.

Executives

Ren Yu Sheng	Supervisors
Cui Hai Jun	Director
Feng Hao Zhen	Executives
Zhang Jun Xia	Supervisors
Yao Jian Mei	Directors, executives
Zhao Fu Cheng	Directors, executives
Zhang Sheng Qiang	Executives
Kong Ling Hui	Directors, executives
Wang Kai	Executives
Wang Shou Yang	Securities Affairs Representative

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