Sunny Optical Technology (Group) Co (FRA:SXC) Change In Receivables : €-133 Mil (TTM As of Dec. 2023)

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What is Sunny Optical Technology (Group) Co Change In Receivables?

Sunny Optical Technology (Group) Co's change in receivables for the quarter that ended in Dec. 2023 was €-235 Mil. It means Sunny Optical Technology (Group) Co's Accounts Receivable increased by €235 Mil from Jun. 2023 to Dec. 2023 .

Sunny Optical Technology (Group) Co's change in receivables for the fiscal year that ended in Dec. 2023 was €-134 Mil. It means Sunny Optical Technology (Group) Co's Accounts Receivable increased by €134 Mil from Dec. 2022 to Dec. 2023 .

Sunny Optical Technology (Group) Co's Accounts Receivable for the quarter that ended in Dec. 2023 was €871 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. Sunny Optical Technology (Group) Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 71.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sunny Optical Technology (Group) Co's liquidation value for the six months ended in Dec. 2023 was €225 Mil.

Sunny Optical Technology (Group) Co Change In Receivables Historical Data

The historical data trend for Sunny Optical Technology (Group) 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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Sunny Optical Technology (Group) Co Change In Receivables Chart

Sunny Optical Technology (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-434.58

182.69

115.78

-97.88

-133.86

Sunny Optical Technology (Group) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															146.33	-41.23	-58.36	101.75	-235.24

Sunny Optical Technology (Group) 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-133 Mil.

Sunny Optical Technology (Group) Co (FRA:SXC) 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.

Sunny Optical Technology (Group) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	871.243	/	2234.99	*	91
=	71.14

2. In Ben Graham's calculation of liquidation value, Sunny Optical Technology (Group) Co's accounts receivable are only considered to be worth 75% of book value:

Sunny Optical Technology (Group) Co's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2762.228	-	3520.905	+	0.75 * 871.243	+	0.5 * 659.726
=	225

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Sunny Optical Technology (Group) Co (FRA:SXC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SOTGY:USA SNPTF:USA 02382:Hong Kong SXC:Germany

Address

No. 66-68, Fengle Road, Zhejiang Province, Yuyao, CHN, 315400

Website

https://www.sunnyoptical.com

Headquartered in Yuyao, China, Sunny Optical is China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of mobile and vehicle camera demand, as smartphone manufacturers seek differentiated camera features and advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 26,610 people as of December 2022.