Paranovus Entertainment Technology (Paranovus Entertainment Technology) Change In Receivables : $29.63 Mil (TTM As of Sep. 2023)

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What is Paranovus Entertainment Technology Change In Receivables?

Paranovus Entertainment Technology's change in receivables for the quarter that ended in Sep. 2023 was $2.35 Mil. It means Paranovus Entertainment Technology's Accounts Receivable declined by $2.35 Mil from Mar. 2023 to Sep. 2023 .

Paranovus Entertainment Technology's change in receivables for the fiscal year that ended in Mar. 2023 was $24.98 Mil. It means Paranovus Entertainment Technology's Accounts Receivable declined by $24.98 Mil from Mar. 2022 to Mar. 2023 .

Paranovus Entertainment Technology's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.02 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. Paranovus Entertainment Technology's Days Sales Outstanding for the six months ended in Sep. 2023 was 0.49.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Paranovus Entertainment Technology's liquidation value for the six months ended in Sep. 2023 was $0.56 Mil.

Paranovus Entertainment Technology Change In Receivables Historical Data

The historical data trend for Paranovus Entertainment 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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Paranovus Entertainment Technology Change In Receivables Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-1.60

0.39

-2.11

23.13

24.98

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial									15.79	7.35	-2.30	27.27	2.35

Paranovus Entertainment 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $29.63 Mil.

Paranovus Entertainment Technology (NAS:PAVS) 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.

Paranovus Entertainment Technology's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.017	/	6.294	*	91
=	0.49

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

Paranovus Entertainment Technology'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)
=	1.037	-	0.493	+	0.75 * 0.017	+	0.5 * 0.015
=	0.56

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.