China Skyrise Digital Service (China Skyrise Digital Service) Change In Receivables : $-0.67 Mil (TTM As of Jun. 2011)

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What is China Skyrise Digital Service Change In Receivables?

China Skyrise Digital Service's change in receivables for the quarter that ended in Jun. 2011 was $1.29 Mil. It means China Skyrise Digital Service's Accounts Receivable declined by $1.29 Mil from Mar. 2011 to Jun. 2011 .

China Skyrise Digital Service's change in receivables for the fiscal year that ended in Dec. 2010 was $-1.96 Mil. It means China Skyrise Digital Service's Accounts Receivable increased by $1.96 Mil from Aug. 2009 to Dec. 2010 .

China Skyrise Digital Service's Accounts Receivable for the quarter that ended in Jun. 2011 was $3.67 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 Skyrise Digital Service's Days Sales Outstanding for the three months ended in Jun. 2011 was 159.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Skyrise Digital Service's liquidation value for the three months ended in Jun. 2011 was $1.02 Mil.

China Skyrise Digital Service Change In Receivables Historical Data

The historical data trend for China Skyrise Digital Service'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 Skyrise Digital Service Change In Receivables Chart

China Skyrise Digital Service Annual Data

Trend

Aug07

Aug08

Aug09

Dec10

Change In Receivables

-1.96

China Skyrise Digital Service Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11
Change In Receivables	Get a 7-Day Free Trial														0.59	-1.07	-0.78	-0.11	1.29

China Skyrise Digital Service 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. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.67 Mil.

China Skyrise Digital Service (OTCPK:CSKD) 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 Skyrise Digital Service's Days Sales Outstanding for the quarter that ended in Jun. 2011 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.672	/	2.106	*	91
=	159.10

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

China Skyrise Digital Service's liquidation value for the quarter that ended in Jun. 2011 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.487	-	3.124	+	0.75 * 3.672	+	0.5 * 1.814
=	1.02

China Skyrise Digital Service Change In Receivables Related Terms

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China Skyrise Digital Service (China Skyrise Digital Service) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Skyrise Digital Service Inc (OTCPK:CSKD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

4/F, M-3rd Building, Hi-tech Industrial Park, Nanshan District, Shenzhen, CHN, 518070

Website

http://www.szskyrise.com

China Skyrise Digital Service Inc through its subsidiaries is engaged in the development, sale, installation and maintenance of digital residential safety and video surveillance products, and in the development and integration of related software in China.

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