Huadi International Group Co (Huadi International Group Co) Change In Receivables : $-9.96 Mil (TTM As of Sep. 2023)

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What is Huadi International Group Co Change In Receivables?

Huadi International Group Co's change in receivables for the quarter that ended in Sep. 2023 was $-7.65 Mil. It means Huadi International Group Co's Accounts Receivable increased by $7.65 Mil from Mar. 2023 to Sep. 2023 .

Huadi International Group Co's change in receivables for the fiscal year that ended in Sep. 2023 was $-9.96 Mil. It means Huadi International Group Co's Accounts Receivable increased by $9.96 Mil from Sep. 2022 to Sep. 2023 .

Huadi International Group Co's Accounts Receivable for the quarter that ended in Sep. 2023 was $22.63 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. Huadi International Group Co's Days Sales Outstanding for the six months ended in Sep. 2023 was 89.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Huadi International Group Co's liquidation value for the six months ended in Sep. 2023 was $22.19 Mil.

Huadi International Group Co Change In Receivables Historical Data

The historical data trend for Huadi International 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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Huadi International Group Co Change In Receivables Chart

Huadi International Group Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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2.77

3.03

-8.81

4.97

-9.96

Huadi International Group Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial						-9.74	8.14	-3.17	-2.31	-7.65

Huadi International 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-9.96 Mil.

Huadi International Group Co (NAS:HUDI) 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.

Huadi International Group Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	22.63	/	46.38	*	91
=	89.05

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

Huadi International Group Co's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	20.192	-	28.327	+	0.75 * 22.63	+	0.5 * 26.707
=	22.19

Huadi International Group Co Change In Receivables Related Terms

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Huadi International Group Co (Huadi International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huadi International Group Co Ltd (NAS:HUDI) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No.1688 Tianzhong Street, Longwan District, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.huadigroup.com

Huadi International Group Co Ltd is a manufacturer of industrial stainless steel seamless pipes and tubes products. Its products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, automobile and naval architecture, paper mill and mechanical industries. Products are exported to the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Geographically, majority revenue is generated from China.