Shandong Molong Petroleum Machinery Co (SZSE:002490) Change In Receivables : ¥0.0 Mil (TTM As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Change In Receivables?

Shandong Molong Petroleum Machinery Co's change in receivables for the quarter that ended in Dec. 2023 was ¥0.0 Mil. It means Shandong Molong Petroleum Machinery Co's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Shandong Molong Petroleum Machinery Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥0.0 Mil. It means Shandong Molong Petroleum Machinery Co's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Shandong Molong Petroleum Machinery Co's Accounts Receivable for the quarter that ended in Dec. 2023 was ¥253.3 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. Shandong Molong Petroleum Machinery Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 73.28.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shandong Molong Petroleum Machinery Co's liquidation value for the three months ended in Dec. 2023 was ¥-2,036.9 Mil.

Shandong Molong Petroleum Machinery Co Change In Receivables Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Change In Receivables Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

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Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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291.36

231.61

-55.64

33.87

Shandong Molong Petroleum Machinery 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															-	-	-	-	-

Shandong Molong Petroleum Machinery 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0.0 Mil.

Shandong Molong Petroleum Machinery Co (SZSE:002490) 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.

Shandong Molong Petroleum Machinery Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	253.265	/	315.373	*	91
=	73.28

2. In Ben Graham's calculation of liquidation value, Shandong Molong Petroleum Machinery Co's accounts receivable are only considered to be worth 75% of book value:

Shandong Molong Petroleum Machinery Co'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)
=	99.073	-	2553.379	+	0.75 * 253.265	+	0.5 * 454.882
=	-2,036.9

Shandong Molong Petroleum Machinery Co Change In Receivables Related Terms

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Shandong Molong Petroleum Machinery Co (SZSE:002490) Business Description

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SHANY:USA SHANF:USA 00568:Hong Kong

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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