China Automotive Systems (STU:RYV) Change In Receivables : €-29.0 Mil (TTM As of Mar. 2024)

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What is China Automotive Systems Change In Receivables?

China Automotive Systems's change in receivables for the quarter that ended in Mar. 2024 was €2.1 Mil. It means China Automotive Systems's Accounts Receivable declined by €2.1 Mil from Dec. 2023 to Mar. 2024 .

China Automotive Systems's change in receivables for the fiscal year that ended in Dec. 2023 was €-47.0 Mil. It means China Automotive Systems's Accounts Receivable increased by €47.0 Mil from Dec. 2022 to Dec. 2023 .

China Automotive Systems's Accounts Receivable for the quarter that ended in Mar. 2024 was €145.8 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. China Automotive Systems's Days Sales Outstanding for the three months ended in Mar. 2024 was 103.76.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Automotive Systems's liquidation value for the three months ended in Mar. 2024 was €-84.5 Mil.

China Automotive Systems Change In Receivables Historical Data

The historical data trend for China Automotive Systems'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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China Automotive Systems Change In Receivables Chart

China Automotive Systems Annual Data

Trend

Dec14

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Dec22

Dec23

Change In Receivables

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18.94

6.00

23.51

-34.87

-47.00

China Automotive Systems 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															-16.24	-0.87	-5.62	-24.70	2.15

China Automotive Systems 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 €-29.0 Mil.

China Automotive Systems (STU:RYV) 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.

China Automotive Systems's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	145.817	/	128.242	*	91
=	103.76

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

China Automotive Systems'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)
=	103.552	-	347.604	+	0.75 * 145.817	+	0.5 * 100.355
=	-84.5

China Automotive Systems Change In Receivables Related Terms

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China Automotive Systems (STU:RYV) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Systems Inc (STU:RYV) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CAAS:USA RYV:Germany

Address

No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000

Website

http://www.caasauto.com

China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of revenue from China.

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