SORL Auto Parts (SORL Auto Parts) Change In Receivables : $53.4 Mil (TTM As of Sep. 2019)

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What is SORL Auto Parts Change In Receivables?

SORL Auto Parts's change in receivables for the quarter that ended in Sep. 2019 was $33.6 Mil. It means SORL Auto Parts's Accounts Receivable declined by $33.6 Mil from Jun. 2019 to Sep. 2019 .

SORL Auto Parts's change in receivables for the fiscal year that ended in Dec. 2018 was $97.2 Mil. It means SORL Auto Parts's Accounts Receivable declined by $97.2 Mil from Dec. 2017 to Dec. 2018 .

SORL Auto Parts's Accounts Receivable for the quarter that ended in Sep. 2019 was $158.2 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. SORL Auto Parts's Days Sales Outstanding for the three months ended in Sep. 2019 was 128.62.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SORL Auto Parts's liquidation value for the three months ended in Sep. 2019 was $-252.6 Mil.

SORL Auto Parts Change In Receivables Historical Data

The historical data trend for SORL Auto Parts'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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SORL Auto Parts Change In Receivables Chart

SORL Auto Parts Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Receivables

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-7.95

-17.06

-61.41

-29.84

97.18

SORL Auto Parts Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Change In Receivables	Get a 7-Day Free Trial															45.35	67.94	-35.67	-12.57	33.65

SORL Auto Parts 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $53.4 Mil.

SORL Auto Parts (NAS:SORL) 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.

SORL Auto Parts's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	158.189	/	112.227	*	91
=	128.62

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

SORL Auto Parts's liquidation value for the quarter that ended in Sep. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	16.485	-	483.291	+	0.75 * 158.189	+	0.5 * 191.179
=	-252.6

SORL Auto Parts Change In Receivables Related Terms

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SORL Auto Parts (SORL Auto Parts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SORL Auto Parts Inc (NAS:SORL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 2666 KaiFaqu Avenue, Ruili Industry Area, Zhejiang Province, Ruian City, CHN, 325200

Website

http://www.sorl.cn

SORL Auto Parts Inc develops, manufactures and distributes automotive brake systems and other key safety-related auto parts to automotive original equipment manufacturers, and the related aftermarket both in China and internationally. The company is organized into two principal operating division: Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. Its key products are air brake system, tubes and fittings, ABS and diagnosis, power steering pumps, electrical and railway parts, and new energy parts. The company's products are principally used in different types of commercial vehicles, such as trucks and buses. Most of the firm's revenue gets generated through Commercial Vehicles Brake Systems segment.

Executives

Kevin R Keating

director, officer: President

190 LAKEVIEW WAY, VERO BEACH FL 32963