Songcheng Performance Development Co (SZSE:300144) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Songcheng Performance Development Co Change In Receivables?

Songcheng Performance Development Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Songcheng Performance Development Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Songcheng Performance Development Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥16 Mil. It means Songcheng Performance Development Co's Accounts Receivable declined by ¥16 Mil from Dec. 2022 to Dec. 2023 .

Songcheng Performance Development Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥8 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. Songcheng Performance Development Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 1.34.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Songcheng Performance Development Co's liquidation value for the three months ended in Mar. 2024 was ¥1,898 Mil.

Songcheng Performance Development Co Change In Receivables Historical Data

The historical data trend for Songcheng Performance Development 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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Songcheng Performance Development Co Change In Receivables Chart

Songcheng Performance Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-10.27

-44.28

101.89

-138.15

16.42

Songcheng Performance Development 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															-	-	-	-	-

Songcheng Performance Development 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.

Songcheng Performance Development Co (SZSE:300144) 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.

Songcheng Performance Development 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
=	8.218	/	559.586	*	91
=	1.34

2. In Ben Graham's calculation of liquidation value, Songcheng Performance Development Co's accounts receivable are only considered to be worth 75% of book value:

Songcheng Performance Development 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)
=	3451.912	-	1564.707	+	0.75 * 8.218	+	0.5 * 8.783
=	1,898

Songcheng Performance Development Co Change In Receivables Related Terms

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Songcheng Performance Development Co (SZSE:300144) Business Description

Industry

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Traded in Other Exchanges

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Address

148 River Road, Zhejiang Province, Hangzhou, CHN, 310008

Website

http://www.songcn.com

Songcheng Performance Development Co Ltd operates in the performing arts industry. The company is engaged in the operation of theme parks and tourism cultural shows in China. It has developed dozens of cultural entertainment projects including Songcheng Six Rooms and China Performing Arts Valley. In addition, the company has extended businesses in leisure tourism, live entertainment, and online entertainment, intending to create a performance empire that covers both online and offline traffic.

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