Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Qingdao Hiron Commercial Cold Chain Co Change In Receivables?

Qingdao Hiron Commercial Cold Chain Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Qingdao Hiron Commercial Cold Chain Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Qingdao Hiron Commercial Cold Chain Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-23 Mil. It means Qingdao Hiron Commercial Cold Chain Co's Accounts Receivable increased by ¥23 Mil from Dec. 2022 to Dec. 2023 .

Qingdao Hiron Commercial Cold Chain Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,572 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. Qingdao Hiron Commercial Cold Chain Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 168.39.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Qingdao Hiron Commercial Cold Chain Co's liquidation value for the three months ended in Mar. 2024 was ¥1,850 Mil.

Qingdao Hiron Commercial Cold Chain Co Change In Receivables Historical Data

The historical data trend for Qingdao Hiron Commercial Cold Chain 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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Qingdao Hiron Commercial Cold Chain Co Change In Receivables Chart

Qingdao Hiron Commercial Cold Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-126.77

-131.65

-360.42

-578.62

-23.31

Qingdao Hiron Commercial Cold Chain Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Qingdao Hiron Commercial Cold Chain 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) 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.

Qingdao Hiron Commercial Cold Chain Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1571.607	/	851.628	*	91
=	168.39

2. In Ben Graham's calculation of liquidation value, Qingdao Hiron Commercial Cold Chain Co's accounts receivable are only considered to be worth 75% of book value:

Qingdao Hiron Commercial Cold Chain Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1927.367	-	1585.299	+	0.75 * 1571.607	+	0.5 * 659.281
=	1,850

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Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Hiron Commercial Cold Chain Co Ltd (SHSE:603187) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

No. 1817, Yinzhushan Road, Huangdao District, Shandong, Qingdao, CHN, 266400

Website

http://www.chinahiron.com

Qingdao Hiron Commercial Cold Chain Co Ltd is engaged in research and development, production, sales and service of commercial cold chain equipment. The company has a wide range of product types, including horizontal curved door freezer display cabinets, horizontal flat door freezer display cabinets, vertical freezer display cabinets, vertical refrigerated display cabinets, horizontal flat door refrigerated display cabinets, island cabinets, and air curtains.

Executives

Wang Yan Rong	Director
Wang Cun Jiang	Director
Zhao Ding Yong	Director
Ma Hong Kui	Director
Zhao Qi	Director

Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) Headlines

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