China Sun Group High-Tech Co (China Sun Group High-Tech Co) Change In Receivables : $-1.40 Mil (TTM As of Feb. 2012)

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What is China Sun Group High-Tech Co Change In Receivables?

China Sun Group High-Tech Co's change in receivables for the quarter that ended in Feb. 2012 was $0.07 Mil. It means China Sun Group High-Tech Co's Accounts Receivable declined by $0.07 Mil from Nov. 2011 to Feb. 2012 .

China Sun Group High-Tech Co's change in receivables for the fiscal year that ended in May. 2011 was $0.46 Mil. It means China Sun Group High-Tech Co's Accounts Receivable declined by $0.46 Mil from May. 2010 to May. 2011 .

China Sun Group High-Tech Co's Accounts Receivable for the quarter that ended in Feb. 2012 was $4.55 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 Sun Group High-Tech Co's Days Sales Outstanding for the three months ended in Feb. 2012 was 36.84.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Sun Group High-Tech Co's liquidation value for the three months ended in Feb. 2012 was $28.89 Mil.

China Sun Group High-Tech Co Change In Receivables Historical Data

The historical data trend for China Sun Group High-Tech 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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China Sun Group High-Tech Co Change In Receivables Chart

China Sun Group High-Tech Co Annual Data

Trend

May06

May07

May08

May09

May10

May11

Change In Receivables

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-5.20

4.50

0.08

-0.82

0.46

China Sun Group High-Tech Co Quarterly Data
	May07	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12
Change In Receivables	Get a 7-Day Free Trial															2.41	0.59	-2.18	0.13	0.07

China Sun Group High-Tech 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 Feb. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.40 Mil.

China Sun Group High-Tech Co (OTCPK:CSGH) 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 Sun Group High-Tech Co's Days Sales Outstanding for the quarter that ended in Feb. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.55	/	11.269	*	91
=	36.84

2. In Ben Graham's calculation of liquidation value, China Sun Group High-Tech Co's accounts receivable are only considered to be worth 75% of book value:

China Sun Group High-Tech Co's liquidation value for the quarter that ended in Feb. 2012 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	27.796	-	2.738	+	0.75 * 4.55	+	0.5 * 0.842
=	28.89

China Sun Group High-Tech Co Change In Receivables Related Terms

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China Sun Group High-Tech Co (China Sun Group High-Tech Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Sun Group High-Tech Co (OTCPK:CSGH) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

1 Hutan Street, Zhongshan District, Dalian, Liaoning, CHN, 116015

Website

http://www.china-sun.cn

China Sun Group High-Tech Co through its operating subsidiaries, mainly engages in the production and sales of cobaltosic oxide and lithium cobalt oxide, both anode materials used in lithium ion rechargeable batteries in the PRC.

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