China Runji Cement (China Runji Cement) Change In Receivables : $-1.76 Mil (TTM As of Feb. 2011)

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What is China Runji Cement Change In Receivables?

China Runji Cement's change in receivables for the quarter that ended in Feb. 2011 was $5.62 Mil. It means China Runji Cement's Accounts Receivable declined by $5.62 Mil from Nov. 2010 to Feb. 2011 .

China Runji Cement's change in receivables for the fiscal year that ended in Aug. 2010 was $-2.26 Mil. It means China Runji Cement's Accounts Receivable increased by $2.26 Mil from Aug. 2009 to Aug. 2010 .

China Runji Cement's Accounts Receivable for the quarter that ended in Feb. 2011 was $7.82 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 Runji Cement's Days Sales Outstanding for the three months ended in Feb. 2011 was 41.89.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Runji Cement's liquidation value for the three months ended in Feb. 2011 was $-40.81 Mil.

China Runji Cement Change In Receivables Historical Data

The historical data trend for China Runji Cement'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 Runji Cement Change In Receivables Chart

China Runji Cement Annual Data

Trend

Jan06

Jan07

Aug08

Aug09

Aug10

Change In Receivables

1.16

-4.30

-2.26

China Runji Cement Quarterly Data
	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11
Change In Receivables	Get a 7-Day Free Trial															-0.43	-0.97	-1.23	-5.17	5.62

China Runji Cement 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 Feb. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.76 Mil.

China Runji Cement (GREY:CRJI) 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 Runji Cement's Days Sales Outstanding for the quarter that ended in Feb. 2011 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.824	/	17.042	*	91
=	41.89

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

China Runji Cement's liquidation value for the quarter that ended in Feb. 2011 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.453	-	49.656	+	0.75 * 7.824	+	0.5 * 3.051
=	-40.81

China Runji Cement Change In Receivables Related Terms

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China Runji Cement (China Runji Cement) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Runji Cement Inc (GREY:CRJI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xianzong town, Hanshan county, Chaohu, Anhui, CHN

Website

China Runji Cement Inc through its subsidiary is engaged in the production and sale of cement in mainland China.

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