China Gerui Advanced Materials Group (FRA:G60A) Change In Receivables : €7.53 Mil (TTM As of Sep. 2014)

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What is China Gerui Advanced Materials Group Change In Receivables?

China Gerui Advanced Materials Group's change in receivables for the quarter that ended in Sep. 2014 was €3.29 Mil. It means China Gerui Advanced Materials Group's Accounts Receivable declined by €3.29 Mil from Jun. 2014 to Sep. 2014 .

China Gerui Advanced Materials Group's change in receivables for the fiscal year that ended in Dec. 2013 was €0.15 Mil. It means China Gerui Advanced Materials Group's Accounts Receivable declined by €0.15 Mil from Dec. 2012 to Dec. 2013 .

China Gerui Advanced Materials Group's Accounts Receivable for the quarter that ended in Sep. 2014 was €0.52 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 Gerui Advanced Materials Group's Days Sales Outstanding for the three months ended in Sep. 2014 was 19.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Gerui Advanced Materials Group's liquidation value for the three months ended in Sep. 2014 was €-89.54 Mil.

China Gerui Advanced Materials Group Change In Receivables Historical Data

The historical data trend for China Gerui Advanced Materials Group'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 Gerui Advanced Materials Group Change In Receivables Chart

China Gerui Advanced Materials Group Annual Data

Trend

Dec06

Dec07

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Dec10

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Dec12

Dec13

Change In Receivables

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3.07

0.71

-2.58

3.14

0.15

China Gerui Advanced Materials Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Change In Receivables	Get a 7-Day Free Trial															-1.89	5.35	-0.44	-0.68	3.29

China Gerui Advanced Materials Group 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 Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €7.53 Mil.

China Gerui Advanced Materials Group (FRA:G60A) 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 Gerui Advanced Materials Group's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.518	/	2.403	*	91
=	19.67

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

China Gerui Advanced Materials Group's liquidation value for the quarter that ended in Sep. 2014 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.034	-	188.477	+	0.75 * 0.518	+	0.5 * 191.038
=	-89.54

China Gerui Advanced Materials Group Change In Receivables Related Terms

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China Gerui Advanced Materials Group (FRA:G60A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Gerui Advanced Materials Group Ltd (FRA:G60A) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

1 Shuanghu Development Zone, Zhengzhou, Xinzheng City, Henan, CHN, 451191

Website

http://www.geruigroup.com

China Gerui Advanced Materials Group Ltd is a China-based steel processor company. It manufactures high precision cold-rolled narrow strip steel products and converts steel manufactured into thin steel sheets and strips. It mainly produces ultra-thin, high-strength cold-rolled steel products and chromium plates. The company sells its products to domestic Chinese customers who primarily operate in the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables industries.

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