Planet Green Holdings (Planet Green Holdings) Change In Receivables : $-1.91 Mil (TTM As of Dec. 2023)

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What is Planet Green Holdings Change In Receivables?

Planet Green Holdings's change in receivables for the quarter that ended in Dec. 2023 was $-2.09 Mil. It means Planet Green Holdings's Accounts Receivable increased by $2.09 Mil from Sep. 2023 to Dec. 2023 .

Planet Green Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.91 Mil. It means Planet Green Holdings's Accounts Receivable increased by $1.91 Mil from Dec. 2022 to Dec. 2023 .

Planet Green Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $3.16 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. Planet Green Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 29.34.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Planet Green Holdings's liquidation value for the three months ended in Dec. 2023 was $-19.41 Mil.

Planet Green Holdings Change In Receivables Historical Data

The historical data trend for Planet Green Holdings'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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Planet Green Holdings Change In Receivables Chart

Planet Green Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.06

-1.53

-4.85

-0.53

-1.91

Planet Green Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-2.77	-0.50	0.51	0.18	-2.09

Planet Green Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.91 Mil.

Planet Green Holdings (AMEX:PLAG) 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.

Planet Green Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.16	/	9.829	*	91
=	29.34

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

Planet Green Holdings's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.436	-	23.19	+	0.75 * 3.16	+	0.5 * 1.953
=	-19.41

Planet Green Holdings Change In Receivables Related Terms

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Planet Green Holdings (Planet Green Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Planet Green Holdings Corp (AMEX:PLAG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

130-30 31st Avenue, Suite 512, Flushing, NY, USA, 11354

Website

https://www.planetgreenholdings.com

Planet Green Holdings Corp is a diversified technology and consumer products company with a presence in North America and China engaged in Chemical Products, Tea Products, and Online Advertising Services. The company operates in three segments namely to grow, produce and distribute Cyan brick tea, black tea, and green tea in China; to research, develop, manufacture, and sell chemical products including formaldehyde, urea formaldehyde adhesive, methylal, ethanol fuel, fuel additives and clean fuel in China; and to develop and operate a demand-side platform which empowers buyers of advertising to manage and optimize their digital advertising across different real-time bidding networks in North America and China.

Executives

Xiangtian Aerodynamic Electricity Ltd.	10 percent owner	FLOOR 18, DONGHOU TOWER, AIGUO ROAD, LUOHU DISTRICT, SHENZHEN F4 518128
Bin Zhou	director	SUITE 901 BUILDING 6 NO. 1678, JINSHAJIANG ROAD, PUTUO DISTRICT F4 200000
Yang Cao	director	9841 WASHINGTONIAN BLVD, SUITE 200, GAITHERSBURG MD 20878
King Fai Leung	director	SUITE 901, BUILDING 6, NO. 1678, JINSHAJIANG ROAD, PUTUO DISTRICT, SHANGHAI F4 200333
Lili Hu	officer: Chief Financial Officer	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Daqi Cui	officer: Chief Operating Officer	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Chao Chen	director	SUITE 901 BLDG 6 NO 1678, JINSHAJIANG ROAD, SHANGHAI F4 100006
Hongxiang Yu	director, officer: CEO	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Yimin Jin	director, officer: Chief Strategy Officer	BEIHUANZHONG JUNAN COURT, SHANDONG F4 276600
Yu Li	officer: CFO	BEIHUANZHONG ROAD, JUNAN COURT, SHANDONG F4 276600
Yilei Shao	director	BEIHUANZHONG ROAD JUNAN COURT, SHANDONG F4 276600
Yuguo Zhang	director	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Guangming Fang	director	BEIHUANZHONG ROAD JUNAN COURT, SHANDONG F4 276600
Fw	10 percent owner	PALMENGARTENSTRASSE, 5-9, FRANKFURT AM MAIN 2M 60325
Deg - Deutsche Investitions- Und Entwicklungsgesellschaft Mbh	10 percent owner	KAMMERGASSE 22, KOLN 2M 50676