China Three Gorges Renewables (Group) Co (SHSE:600905) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is China Three Gorges Renewables (Group) Co Change In Receivables?

China Three Gorges Renewables (Group) Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means China Three Gorges Renewables (Group) Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

China Three Gorges Renewables (Group) Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-10,568 Mil. It means China Three Gorges Renewables (Group) Co's Accounts Receivable increased by ¥10,568 Mil from Dec. 2022 to Dec. 2023 .

China Three Gorges Renewables (Group) Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥40,077 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 Three Gorges Renewables (Group) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 462.97.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Three Gorges Renewables (Group) Co's liquidation value for the three months ended in Mar. 2024 was ¥-188,573 Mil.

China Three Gorges Renewables (Group) Co Change In Receivables Historical Data

The historical data trend for China Three Gorges Renewables (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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China Three Gorges Renewables (Group) Co Change In Receivables Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2,841.58

-1,928.69

-5,870.63

-7,144.58

-10,568.01

China Three Gorges Renewables (Group) Co 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															-	-	-	-	-

China Three Gorges Renewables (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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

China Three Gorges Renewables (Group) Co (SHSE:600905) 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 Three Gorges Renewables (Group) Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40077.014	/	7899.12	*	91
=	462.97

2. In Ben Graham's calculation of liquidation value, China Three Gorges Renewables (Group) Co's accounts receivable are only considered to be worth 75% of book value:

China Three Gorges Renewables (Group) Co'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)
=	6583.579	-	225384.834	+	0.75 * 40077.014	+	0.5 * 340.819
=	-188,573

China Three Gorges Renewables (Group) Co Change In Receivables Related Terms

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China Three Gorges Renewables (Group) Co (SHSE:600905) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » Change In Receivables

Traded in Other Exchanges

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Address

No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149

Website

https://www.ctgne.com

China Three Gorges Renewables, or CTGR, is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 26.5 gigawatts as of the end of 2022. In particular, the firm is also one of the largest offshore wind farm operators in China, with 4.9 GW of installed capacity at the end of 2022, representing about 16% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.4% of CTGR's issued shares as of the end of 2022.

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