Telestone Technologies (Telestone Technologies) Change In Receivables : $-6.01 Mil (TTM As of Dec. 2012)

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What is Telestone Technologies Change In Receivables?

Telestone Technologies's change in receivables for the quarter that ended in Dec. 2012 was $1.53 Mil. It means Telestone Technologies's Accounts Receivable declined by $1.53 Mil from Sep. 2012 to Dec. 2012 .

Telestone Technologies's change in receivables for the fiscal year that ended in Dec. 2012 was $-6.01 Mil. It means Telestone Technologies's Accounts Receivable increased by $6.01 Mil from Dec. 2011 to Dec. 2012 .

Telestone Technologies's Accounts Receivable for the quarter that ended in Dec. 2012 was $221.65 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. Telestone Technologies's Days Sales Outstanding for the three months ended in Dec. 2012 was 3,660.04.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Telestone Technologies's liquidation value for the three months ended in Dec. 2012 was $24.46 Mil.

Telestone Technologies Change In Receivables Historical Data

The historical data trend for Telestone Technologies'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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Telestone Technologies Change In Receivables Chart

Telestone Technologies Annual Data

Trend

Dec03

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Dec12

Change In Receivables

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-15.57

-27.26

-102.00

-50.77

-6.01

Telestone Technologies Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Change In Receivables	Get a 7-Day Free Trial															-25.59	-3.36	-5.12	0.94	1.53

Telestone Technologies 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 Dec. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.01 Mil.

Telestone Technologies (OTCPK:TSTC) 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.

Telestone Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	221.648	/	5.526	*	91
=	3,660.04

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

Telestone Technologies's liquidation value for the quarter that ended in Dec. 2012 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8.536	-	153.465	+	0.75 * 221.648	+	0.5 * 6.301
=	24.46

Telestone Technologies Change In Receivables Related Terms

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Telestone Technologies (Telestone Technologies) Business Description

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http://www.telestone.com

Telestone Technologies Corp was organized under the laws of the State of Colorado in February 1987 under the name Shield Enterprises, Inc. In August 2004, TSTC reincorporated in the State of Delaware under the name Telestone Technologies Corporation. It provides access network solutions in China. The company's access network solutions include the research and development and application of access-network technology. In addition to its homegrown access-network equipment, which includes repeaters, antennas, and radio-frequency peripherals, the company offers project design, project management, installation, maintenance, and other after sales services to its customers. The company offers WFDS, a next generation wireless distribution system. WFDS is an all-optical network that combines the technologies of both wireless and optical telecommunications. As of December 31, 2011, it completed 499 WFDS installations. The company designs and sells electronic equipment used to provide access-network solutions to its customers. Many of these types of equipment, including WFDS products, RFPA products, passive components and base station antennas for 2G, 3G, Broadband access and CATV networks, are specialized active microwave components designed to meet the needs of its customers.The company provides systems integration services to its customers. The primary systems integration services provided to the company's customers are project design and engineering, specifically, the development and design of indoor and outdoor wireless signal complementary coverage solutions and their applied products. The company also markets its products to 29 countries, including the United States, Vietnam, Mexico, Brazil, Russia, India, the Philippines, Thailand, Ireland, Ecuador, Mongolia, South Africa, Turkey, Indonesia, Colombia, Costa Rica, Argentina, Ukraine, Kazakhstan, Singapore, South Korea, Hong Kong, Saudi Arabia, New Zealand, Bangladesh, the United Arab Emirates, Canada, and Iceland.

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