Switch to:
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 87.24.

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
=87.24

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

Days Sales Outstanding, Account Receivable, Revenue, NCAV, Cash and Cash Equivalents, Total Liabilities, Inventory


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

Dec08Dec09Dec10Dec11
ChangeInReceivables 0.00.00.00.00.00.0-3.8-4.8-2.6-8.9

ShangPharma Corp Quarterly Data

Dec09Jun10Sep10Dec10Mar11Sep11Dec11Mar12Jun12Sep12
ChangeInReceivables -2.9-2.80.00.20.00.0-8.90.00.00.0
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide