Guangdong Kitech New Material Holding Co (SZSE:300995) Change In Receivables : ¥0.0 Mil (TTM As of Dec. 2023)

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What is Guangdong Kitech New Material Holding Co Change In Receivables?

Guangdong Kitech New Material Holding Co's change in receivables for the quarter that ended in Dec. 2023 was ¥0.0 Mil. It means Guangdong Kitech New Material Holding Co's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Guangdong Kitech New Material Holding Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-30.0 Mil. It means Guangdong Kitech New Material Holding Co's Accounts Receivable increased by ¥30.0 Mil from Dec. 2022 to Dec. 2023 .

Guangdong Kitech New Material Holding Co's Accounts Receivable for the quarter that ended in Dec. 2023 was ¥88.9 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. Guangdong Kitech New Material Holding Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 99.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Guangdong Kitech New Material Holding Co's liquidation value for the three months ended in Dec. 2023 was ¥33.4 Mil.

Guangdong Kitech New Material Holding Co Change In Receivables Historical Data

The historical data trend for Guangdong Kitech New Material Holding 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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Guangdong Kitech New Material Holding Co Change In Receivables Chart

Guangdong Kitech New Material Holding Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-17.28

-6.20

-41.04

51.07

-29.98

Guangdong Kitech New Material Holding Co Quarterly Data
	Dec17	Dec18	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															-	-	-	-	-

Guangdong Kitech New Material Holding 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.

Guangdong Kitech New Material Holding Co (SZSE:300995) 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.

Guangdong Kitech New Material Holding 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
=	88.892	/	81.286	*	91
=	99.79

2. In Ben Graham's calculation of liquidation value, Guangdong Kitech New Material Holding Co's accounts receivable are only considered to be worth 75% of book value:

Guangdong Kitech New Material Holding 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)
=	99.215	-	167.541	+	0.75 * 88.892	+	0.5 * 70.136
=	33.4

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Guangdong Kitech New Material Holding Co (SZSE:300995) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Kitech New Material Holding Co Ltd (SZSE:300995) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

135 Dongsheng Road, Jianghai District, Guangdong Province, Jiangmen, CHN, 529000

Website

http://www.qide.cn

Guangdong Kitech New Material Holding Co Ltd research and development, design, production and sales of modified nylon and modified polypropylene based high-performance polymer composite materials and their products, precision injection molds, and related services.

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