Shenzhen Longsys Electronics Co (SZSE:301308) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Shenzhen Longsys Electronics Co Change In Receivables?

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

Shenzhen Longsys Electronics Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-566 Mil. It means Shenzhen Longsys Electronics Co's Accounts Receivable increased by ¥566 Mil from Dec. 2022 to Dec. 2023 .

Shenzhen Longsys Electronics Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,738 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. Shenzhen Longsys Electronics Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 35.62.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shenzhen Longsys Electronics Co's liquidation value for the three months ended in Mar. 2024 was ¥-3,203 Mil.

Shenzhen Longsys Electronics Co Change In Receivables Historical Data

The historical data trend for Shenzhen Longsys Electronics 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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Shenzhen Longsys Electronics Co Change In Receivables Chart

Shenzhen Longsys Electronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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4.38

-30.77

-282.61

-361.49

-565.84

Shenzhen Longsys Electronics Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial												-	-	-	-	-

Shenzhen Longsys Electronics 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.

Shenzhen Longsys Electronics Co (SZSE:301308) 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.

Shenzhen Longsys Electronics 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
=	1738.257	/	4452.882	*	91
=	35.62

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

Shenzhen Longsys Electronics 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)
=	900.246	-	9190.832	+	0.75 * 1738.257	+	0.5 * 7567.685
=	-3,203

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Shenzhen Longsys Electronics Co (SZSE:301308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Longsys Electronics Co Ltd (SZSE:301308) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8 Kefa Road, A, B, C, D, E, F1, 8th Floor, Building 1, Financial Services Technology Innovation Base, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.longsys.com

Shenzhen Longsys Electronics Co Ltd is a technology-based storage product manufacturer dedicated to memory chip architecture and application. The company has five product lines: embedded storage, industrial storage, mobile storage, SSD storage, and memory module. It provides systematic solutions for personal data and industrial software and hardware storage products.

Executives

Cai Hua Bo	Directors, executives
Wang Jing Yang	Directors, executives
Zhu Yu	Directors, executives

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