Sungeel Hitech Co (XKRX:365340) Change In Receivables : ₩33,117 Mil (TTM As of Mar. 2024)

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What is Sungeel Hitech Co Change In Receivables?

Sungeel Hitech Co's change in receivables for the quarter that ended in Mar. 2024 was ₩8,711 Mil. It means Sungeel Hitech Co's Accounts Receivable declined by ₩8,711 Mil from Dec. 2023 to Mar. 2024 .

Sungeel Hitech Co's change in receivables for the fiscal year that ended in Dec. 2023 was ₩10,184 Mil. It means Sungeel Hitech Co's Accounts Receivable declined by ₩10,184 Mil from Dec. 2022 to Dec. 2023 .

Sungeel Hitech Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ₩12,478 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. Sungeel Hitech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 33.82.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sungeel Hitech Co's liquidation value for the three months ended in Mar. 2024 was ₩-212,540 Mil.

Sungeel Hitech Co Change In Receivables Historical Data

The historical data trend for Sungeel Hitech 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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Sungeel Hitech Co Change In Receivables Chart

Sungeel Hitech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-1,602.51

-1,796.63

-4,730.58

-5,859.50

10,183.91

Sungeel Hitech Co Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial							-14,222.45	7,071.79	10,327.57	7,007.01	8,710.85

Sungeel Hitech 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 ₩33,117 Mil.

Sungeel Hitech Co (XKRX:365340) 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.

Sungeel Hitech 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
=	12478.499	/	33666.07	*	91
=	33.82

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

Sungeel Hitech 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)
=	66368.822	-	319889.604	+	0.75 * 12478.499	+	0.5 * 63243.264
=	-212,540

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Sungeel Hitech Co (XKRX:365340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungeel Hitech Co Ltd (XKRX:365340) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

143-12, Gunsansandan-ro, Jeollabuk-do, Bieungdo-dong, Gunsan-si, KOR

Website

https://www.sungeelht.com

Sungeel Hitech Co Ltd operates as a battery recycling company. The company provides lithium-ion battery recycling, sustainable rechargeable battery recycling, waste batteries full circulatory recycling, and circulation services. It also engages in producing high-purity battery materials such as nickel, cobalt, lithium, and others from the battery powder.

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