Shenzhen MinDe Electronics Technology (SZSE:300656) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Shenzhen MinDe Electronics Technology Change In Receivables?

Shenzhen MinDe Electronics Technology's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Shenzhen MinDe Electronics Technology's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Shenzhen MinDe Electronics Technology's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-9.0 Mil. It means Shenzhen MinDe Electronics Technology's Accounts Receivable increased by ¥9.0 Mil from Dec. 2022 to Dec. 2023 .

Shenzhen MinDe Electronics Technology's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥181.6 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. Shenzhen MinDe Electronics Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 252.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shenzhen MinDe Electronics Technology's liquidation value for the three months ended in Mar. 2024 was ¥-251.1 Mil.

Shenzhen MinDe Electronics Technology Change In Receivables Historical Data

The historical data trend for Shenzhen MinDe Electronics Technology'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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Shenzhen MinDe Electronics Technology Change In Receivables Chart

Shenzhen MinDe Electronics Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-43.12

-92.57

-72.01

17.21

-9.00

Shenzhen MinDe Electronics Technology 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															-	-	-	-	-

Shenzhen MinDe Electronics Technology 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 ¥0.0 Mil.

Shenzhen MinDe Electronics Technology (SZSE:300656) 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.

Shenzhen MinDe Electronics Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	181.559	/	65.685	*	91
=	252.22

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

Shenzhen MinDe Electronics Technology'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)
=	147.229	-	588.601	+	0.75 * 181.559	+	0.5 * 108.28
=	-251.1

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Shenzhen MinDe Electronics Technology (SZSE:300656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shenzhen MinDe Electronics Technology Ltd (SZSE:300656) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

No.5, Kezhi Xi Road, 5th Floor, Section 1, 25th Block, Keji Yuan, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.mindeo.cn

Shenzhen MinDe Electronics Technology Ltd is a Chinese company engaged in designing, developing and manufacturing barcode scan instruments. Its products include handheld barcode scanners, cordless barcode scanners, scan engines, image platform, and lightweight data terminal, among others. The application domains are manufacturing, retailing, postage, logistic and medical services. It has customers in China and in various other countries.

Executives

Huang Xiao Dong	Directors, executives
Gao Jian	Directors, executives
Luo Yuan Xiong	Supervisors
Zou Shan Feng	Director
Fan Zhang Zheng	Directors, executives
Yi Yang Qing	Directors, executives
Bai Nan	Supervisors
Chen Guo Bing	Securities Affairs Representative
Xu Wen Huan	Directors, executives

Shenzhen MinDe Electronics Technology (SZSE:300656) Headlines

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