China Power Equipment (China Power Equipment) Change In Receivables : $1.30 Mil (TTM As of Sep. 2013)

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What is China Power Equipment Change In Receivables?

China Power Equipment's change in receivables for the quarter that ended in Sep. 2013 was $0.15 Mil. It means China Power Equipment's Accounts Receivable declined by $0.15 Mil from Jun. 2013 to Sep. 2013 .

China Power Equipment's change in receivables for the fiscal year that ended in Dec. 2012 was $-8.10 Mil. It means China Power Equipment's Accounts Receivable increased by $8.10 Mil from Dec. 2011 to Dec. 2012 .

China Power Equipment's Accounts Receivable for the quarter that ended in Sep. 2013 was $6.12 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. China Power Equipment's Days Sales Outstanding for the three months ended in Sep. 2013 was 61.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Power Equipment's liquidation value for the three months ended in Sep. 2013 was $32.25 Mil.

China Power Equipment Change In Receivables Historical Data

The historical data trend for China Power Equipment'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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China Power Equipment Change In Receivables Chart

China Power Equipment Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Change In Receivables

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-0.21

-0.02

0.48

-0.37

-8.10

China Power Equipment Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Change In Receivables	Get a 7-Day Free Trial															-3.58	-2.89	1.58	2.47	0.15

China Power Equipment 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 Sep. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.30 Mil.

China Power Equipment (OTCPK:CPQQ) 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.

China Power Equipment's Days Sales Outstanding for the quarter that ended in Sep. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.118	/	9.13	*	91
=	61.15

2. In Ben Graham's calculation of liquidation value, China Power Equipment's accounts receivable are only considered to be worth 75% of book value:

China Power Equipment's liquidation value for the quarter that ended in Sep. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	31.755	-	4.534	+	0.75 * 6.118	+	0.5 * 0.882
=	32.25

China Power Equipment Change In Receivables Related Terms

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China Power Equipment (China Power Equipment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Power Equipment Inc (OTCPK:CPQQ) » Definitions » Change In Receivables

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Address

Yongle Industry Zone, Jingyang Industry Concentration Area, Xi’an, Shaanxi, CHN, 713702

Website

http://www.chinapower-equipment.com

China Power Equipment Inc designs, manufactures, and distributes amorphous alloy transformer cores and amorphous alloy distribution transformers in the Peoples Republic of China. Its devices are used to step down voltage at the final phase of the distribution of electricity to consumers, businesses, and industries. The Company offers its products to electricity generators and suppliers, suppliers of electrical equipment, and other electric power transformers manufacturers.

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