China Specialty Glass AG (FRA:8GS) Change In Receivables : €-1.7 Mil (TTM As of Jun. 2014)

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What is China Specialty Glass AG Change In Receivables?

China Specialty Glass AG's change in receivables for the quarter that ended in Jun. 2014 was €-6.4 Mil. It means China Specialty Glass AG's Accounts Receivable increased by €6.4 Mil from Mar. 2014 to Jun. 2014 .

China Specialty Glass AG's change in receivables for the fiscal year that ended in Dec. 2013 was €3.8 Mil. It means China Specialty Glass AG's Accounts Receivable declined by €3.8 Mil from Dec. 2012 to Dec. 2013 .

China Specialty Glass AG's Accounts Receivable for the quarter that ended in Jun. 2014 was €26.8 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 Specialty Glass AG's Days Sales Outstanding for the three months ended in Jun. 2014 was 85.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Specialty Glass AG's liquidation value for the three months ended in Jun. 2014 was €16.1 Mil.

China Specialty Glass AG Change In Receivables Historical Data

The historical data trend for China Specialty Glass AG'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 Specialty Glass AG Change In Receivables Chart

China Specialty Glass AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Change In Receivables

-2.44

-8.80

3.79

China Specialty Glass AG Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Change In Receivables	Get a 7-Day Free Trial									-3.67	-10.91	16.05	-0.39	-6.45

China Specialty Glass AG 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.7 Mil.

China Specialty Glass AG (FRA:8GS) 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 Specialty Glass AG's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.782	/	28.688	*	91
=	85.19

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

China Specialty Glass AG's liquidation value for the quarter that ended in Jun. 2014 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	52.914	-	58.012	+	0.75 * 26.782	+	0.5 * 2.15
=	16.1

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China Specialty Glass AG (FRA:8GS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Specialty Glass AG (FRA:8GS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

An den Romerhuegeln 1, Grunwald, DEU, 82031

Website

http://www.csg-ag.com

China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

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