ZKGC New Energy (ZKGC New Energy) Change In Receivables : $-0.44 Mil (TTM As of May. 2023)

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What is ZKGC New Energy Change In Receivables?

ZKGC New Energy's change in receivables for the quarter that ended in May. 2023 was $-0.44 Mil. It means ZKGC New Energy's Accounts Receivable increased by $0.44 Mil from May. 2022 to May. 2023 .

ZKGC New Energy's change in receivables for the fiscal year that ended in May. 2023 was $-0.44 Mil. It means ZKGC New Energy's Accounts Receivable increased by $0.44 Mil from May. 2022 to May. 2023 .

ZKGC New Energy's Accounts Receivable for the quarter that ended in May. 2023 was $0.69 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. ZKGC New Energy's Days Sales Outstanding for the six months ended in May. 2023 was 32.98.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ZKGC New Energy's liquidation value for the six months ended in May. 2023 was $-0.78 Mil.

ZKGC New Energy Change In Receivables Historical Data

The historical data trend for ZKGC New Energy'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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ZKGC New Energy Change In Receivables Chart

ZKGC New Energy Annual Data

Trend

May21

May22

May23

Change In Receivables

-0.02

-0.44

ZKGC New Energy Semi-Annual Data
	May21	May22	May23
Change In Receivables	-	-0.02	-0.44

ZKGC New Energy 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in May. 2023 was $-0.44 Mil.

ZKGC New Energy (OTCPK:ZKGCF) 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.

ZKGC New Energy's Days Sales Outstanding for the quarter that ended in May. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.685	/	3.79	*	91
=	32.98

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

ZKGC New Energy's liquidation value for the quarter that ended in May. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.042	-	1.334	+	0.75 * 0.685	+	0.5 * 0
=	-0.78

ZKGC New Energy Change In Receivables Related Terms

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ZKGC New Energy (ZKGC New Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ZKGC New Energy Ltd (OTCPK:ZKGCF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Xinxiangdi Jiari, Chengmai County, Hainan Province, Laocheng Town, Laocheng, CHN, 571924

Website

ZKGC New Energy Ltd is a builder, owner, operator, and manager of electric vehicle (EV) charging stations and a provider of EV charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment, enabling EV drivers to recharge at various location types. Its line of products and services is its Charging Cloud SAAS Platform, EV charging equipment, and EV charging services. The SAAS network provides property owners, managers, parking companies, and state and municipal entities with cloud-based services that enable the remote monitoring and management of EV charging stations. The SAAS network also provides EV drivers with vital station information, including station location, availability and fee payment.

Executives

Zhuowei Zhong	10 percent owner	5 JUMEI BIG STREET, XIAOLAN TOWN, ZHONGSHAN CITY, GUANGDONG PROVINCE F4 528415
Zhifei Huang	director, officer: Chief Financial Officer	3 FIVE ALLEY, DITANGKOU, PINGWANGGANGXIE, DATANG TOWN, SANSHUI DISTRICT, FOSHAN, GUANGDONG PROVINCE F4 528143
Zhuowen Chen	director, officer: Chief Executive Officer	401 BUILDING 23, JIANGPAN NEW RESIDENTIAL QUARTERS, ZHONGSHAN CITY, GUANGDONG PROV F4 528401
Zonghan Wu	director, officer: Secretary	46 REEVES ROAD, PAKURANGA, AUCKLAND Q2 2140
Jinqi Liao	10 percent owner	12 XINXIANGDI JIARI, LAOCHENG TOWN, CHENGMAI COUNTY, HAINAN PROVINCE F4 571924

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