China Gengsheng Minerals (FRA:CGS) Change In Receivables : €11.12 Mil (TTM As of Dec. 2013)

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What is China Gengsheng Minerals Change In Receivables?

China Gengsheng Minerals's change in receivables for the quarter that ended in Dec. 2013 was €-1.62 Mil. It means China Gengsheng Minerals's Accounts Receivable increased by €1.62 Mil from Sep. 2013 to Dec. 2013 .

China Gengsheng Minerals's change in receivables for the fiscal year that ended in Dec. 2013 was €10.56 Mil. It means China Gengsheng Minerals's Accounts Receivable declined by €10.56 Mil from Dec. 2012 to Dec. 2013 .

China Gengsheng Minerals's Accounts Receivable for the quarter that ended in Dec. 2013 was €33.06 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 Gengsheng Minerals's Days Sales Outstanding for the three months ended in Dec. 2013 was 207.96.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Gengsheng Minerals's liquidation value for the three months ended in Dec. 2013 was €-56.45 Mil.

China Gengsheng Minerals Change In Receivables Historical Data

The historical data trend for China Gengsheng Minerals'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 Gengsheng Minerals Change In Receivables Chart

China Gengsheng Minerals Annual Data

Trend

Sep06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Receivables

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-8.31

-5.89

-7.82

-8.31

10.56

China Gengsheng Minerals Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Change In Receivables	Get a 7-Day Free Trial															2.65	8.35	-0.33	4.72	-1.62

China Gengsheng Minerals 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 Dec. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €11.12 Mil.

China Gengsheng Minerals (FRA:CGS) 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 Gengsheng Minerals's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	33.062	/	14.507	*	91
=	207.96

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

China Gengsheng Minerals's liquidation value for the quarter that ended in Dec. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.853	-	86.857	+	0.75 * 33.062	+	0.5 * 9.523
=	-56.45

China Gengsheng Minerals Change In Receivables Related Terms

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China Gengsheng Minerals (FRA:CGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Gengsheng Minerals (FRA:CGS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Gengsheng Road, Dayugou Town, Gongyi, Henan, CHN, 451271

Website

http://www.gengsheng.com

China Gengsheng Minerals Inc is a holding company. It operates in the materials technology industry through its subsidiaries in China. It develops, manufactures and sells a broad range of mineral-based products. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives and corundum materials. It sells its products to iron, steel, oil, glass, cement, aluminum, chemical and solar industries. The company has Refractories, Industrial ceramic, Fracture proppant, Fire precision abrasives segments. It derives the majority of its revenues from Refractories segment.

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