Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Change In Receivables : $-0.51 Mil (TTM As of Jun. 2009)

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What is Changming Industrial Management Group Holding Change In Receivables?

Changming Industrial Management Group Holding's change in receivables for the quarter that ended in Jun. 2009 was $-0.48 Mil. It means Changming Industrial Management Group Holding's Accounts Receivable increased by $0.48 Mil from Mar. 2009 to Jun. 2009 .

Changming Industrial Management Group Holding's change in receivables for the fiscal year that ended in May. 2008 was $0.00 Mil. It means Changming Industrial Management Group Holding's Accounts Receivable stayed the same from May. 2007 to May. 2008 .

Changming Industrial Management Group Holding's Accounts Receivable for the quarter that ended in Jun. 2009 was $0.44 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. Changming Industrial Management Group Holding's Days Sales Outstanding for the three months ended in Jun. 2009 was 652.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Changming Industrial Management Group Holding's liquidation value for the three months ended in Jun. 2009 was $-6.71 Mil.

Changming Industrial Management Group Holding Change In Receivables Historical Data

The historical data trend for Changming Industrial Management Group Holding'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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Changming Industrial Management Group Holding Change In Receivables Chart

Changming Industrial Management Group Holding Annual Data

Trend

May07

May08

Change In Receivables

Changming Industrial Management Group Holding Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Sep08	Dec08	Mar09	Jun09
Change In Receivables	Get a 7-Day Free Trial						-	-	-	-0.03	-0.48

Changming Industrial Management Group Holding 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 Jun. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.51 Mil.

Changming Industrial Management Group Holding (OTCPK:CMIM) 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.

Changming Industrial Management Group Holding's Days Sales Outstanding for the quarter that ended in Jun. 2009 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.436	/	0.061	*	91
=	652.21

2. In Ben Graham's calculation of liquidation value, Changming Industrial Management Group Holding's accounts receivable are only considered to be worth 75% of book value:

Changming Industrial Management Group Holding's liquidation value for the quarter that ended in Jun. 2009 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.027	-	7.064	+	0.75 * 0.436	+	0.5 * 0
=	-6.71

Changming Industrial Management Group Holding Change In Receivables Related Terms

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Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Changming Industrial Management Group Holding Inc (OTCPK:CMIM) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

Room 904, Tung Wai Commercial Building, Wan Chai, Hong Kong, HKG

Website

http://www.sxcmky.com

Changming Industrial Management Group Holding Inc is engaged in the processing and sales of mineral products as well as vanadium mining. Its product series include Product Series Vanadium ore, crystal, pentoxide, alloy, iron, and titanium alloy.

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