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ShangPharma Corp (NYSE:SHP)
Change In Receivables
\$0.0 Mil (As of Sep. 2012)

ShangPharma Corp's change in receivables for the quarter that ended in Sep. 2012 was \$0.0 Mil. It means ShangPharma Corp's accounts receivables stayed the same from Jun. 2012 to Sep. 2012 .

ShangPharma Corp's change in receivables for the fiscal year that ended in Dec. 2011 was \$-8.9 Mil. It means ShangPharma Corp's accounts receivables declined by \$8.9 Mil from Dec. 2010 to Dec. 2011 .

ShangPharma Corp's accounts receivables for the quarter that ended in Sep. 2012 was \$30.6 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 receivables are being managed. ShangPharma Corp's days sales outstanding for the three months ended in Sep. 2012 was 87.48.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. ShangPharma Corp's liquidation value for the three months ended in Sep. 2012 was \$28.6 Mil.

Definition

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.

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 receivables are being managed.

ShangPharma Corp's Days Sales Outstanding for the quarter that ended in Sep. 2012 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 30.566 / 31.885 * 91 = 87.48

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

ShangPharma Corp's liquidation value for the quarter that ended in Sep. 2012 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 34.312 - 30.088 + 0.75 * 30.566 + 0.5 * 3.002 = 28.6

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

ShangPharma Corp Annual Data

 Dec08 Dec09 Dec10 Dec11 ChangeInReceivables 0.0 0.0 0.0 0.0 0.0 0.0 -3.8 -4.8 -2.6 -8.9

ShangPharma Corp Quarterly Data

 Dec09 Jun10 Sep10 Dec10 Mar11 Sep11 Dec11 Mar12 Jun12 Sep12 ChangeInReceivables -2.9 -2.8 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0
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