Zhejiang Tengen Electric Co (SHSE:605066) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Tengen Electric Co Change In Receivables?

Zhejiang Tengen Electric Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Zhejiang Tengen Electric Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Zhejiang Tengen Electric Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-147 Mil. It means Zhejiang Tengen Electric Co's Accounts Receivable increased by ¥147 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Tengen Electric Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥800 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. Zhejiang Tengen Electric Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 109.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhejiang Tengen Electric Co's liquidation value for the three months ended in Mar. 2024 was ¥181 Mil.

Zhejiang Tengen Electric Co Change In Receivables Historical Data

The historical data trend for Zhejiang Tengen Electric 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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Zhejiang Tengen Electric Co Change In Receivables Chart

Zhejiang Tengen Electric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-73.19

-315.68

-136.07

111.59

-147.42

Zhejiang Tengen Electric 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															-	-	-	-	-

Zhejiang Tengen Electric 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.

Zhejiang Tengen Electric Co (SHSE:605066) 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.

Zhejiang Tengen Electric 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
=	799.744	/	667.878	*	91
=	109.27

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

Zhejiang Tengen Electric 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)
=	910.317	-	1458.068	+	0.75 * 799.744	+	0.5 * 258.766
=	181

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Zhejiang Tengen Electric Co (SHSE:605066) Business Description

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Traded in Other Exchanges

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Address

Sulu Industrial Zone, Liushi Town, Zhejiang Province, Yueqing, CHN, 325604

Website

http://www.tengen.com

Zhejiang Tengen Electric Co Ltd is engaged in production and sales of low-voltage electrical products such as power distribution appliances, control appliances, terminal appliances, power appliances, and instrument appliances. The company produces industrial electrical products such as low-voltage power distribution and industrial control electrical appliances, smart meters, power supplies, frequency converters, high-voltage electrical appliances, and construction electrical appliances, for electric power, communications, new energy, industrial and civil construction, metallurgy, petrochemical, machinery manufacturing.

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