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China Lumena New Materials (China Lumena New Materials) Accounts Receivable : $0.00 Mil (As of Jun. 2021)


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What is China Lumena New Materials Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Lumena New Materials's accounts receivables for the quarter that ended in Jun. 2021 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Lumena New Materials's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was $-5.50.


China Lumena New Materials Accounts Receivable Historical Data

The historical data trend for China Lumena New Materials's Accounts Receivable 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 Lumena New Materials Accounts Receivable Chart

China Lumena New Materials Annual Data
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Accounts Receivable
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China Lumena New Materials Semi-Annual Data
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China Lumena New Materials Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


China Lumena New Materials Accounts Receivable 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 receivables are being managed.

China Lumena New Materials's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), China Lumena New Materials's accounts receivable are only considered to be worth 75% of book value:

China Lumena New Materials's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.805+0.75 * 0+0.5 * 0-1232.314
-0-0)/223.76
=-5.50

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


China Lumena New Materials Accounts Receivable Related Terms

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China Lumena New Materials (China Lumena New Materials) Business Description

Traded in Other Exchanges
N/A
Address
22nd Floor, Prince’s Building, Central, Hong Kong, HKG
China Lumena New Materials Corp and its subsidiaries are engaged in the manufacturing and selling of polyphenylene sulfide products including PPS resin, PPS fiber, and PPS compounds. It is also engaged in processing and selling powder thenardite, specialty thenardite and medical thenardite.

China Lumena New Materials (China Lumena New Materials) Headlines

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