Ninetowns Internet Technology Group Co (FRA:NQU) Change In Receivables : €0.51 Mil (TTM As of Dec. 2013)

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What is Ninetowns Internet Technology Group Co Change In Receivables?

Ninetowns Internet Technology Group Co's change in receivables for the quarter that ended in Dec. 2013 was €0.51 Mil. It means Ninetowns Internet Technology Group Co's Accounts Receivable declined by €0.51 Mil from Dec. 2012 to Dec. 2013 .

Ninetowns Internet Technology Group Co's change in receivables for the fiscal year that ended in Dec. 2013 was €0.51 Mil. It means Ninetowns Internet Technology Group Co's Accounts Receivable declined by €0.51 Mil from Dec. 2012 to Dec. 2013 .

Ninetowns Internet Technology Group Co's Accounts Receivable for the quarter that ended in Dec. 2013 was €0.98 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. Ninetowns Internet Technology Group Co's Days Sales Outstanding for the six months ended in Dec. 2013 was 13.76.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ninetowns Internet Technology Group Co's liquidation value for the six months ended in Dec. 2013 was €13.08 Mil.

Ninetowns Internet Technology Group Co Change In Receivables Historical Data

The historical data trend for Ninetowns Internet Technology Group 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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Ninetowns Internet Technology Group Co Change In Receivables Chart

Ninetowns Internet Technology Group Co Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Receivables

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-1.05

0.82

0.45

-0.57

0.51

Ninetowns Internet Technology Group Co Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Change In Receivables	Get a 7-Day Free Trial								-1.05	0.82	0.45	-0.57	0.51

Ninetowns Internet Technology Group 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2013 was €0.51 Mil.

Ninetowns Internet Technology Group Co (FRA:NQU) 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.

Ninetowns Internet Technology Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.977	/	12.962	*	91
=	13.76

2. In Ben Graham's calculation of liquidation value, Ninetowns Internet Technology Group Co's accounts receivable are only considered to be worth 75% of book value:

Ninetowns Internet Technology Group Co'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)
=	53.254	-	41.147	+	0.75 * 0.977	+	0.5 * 0.472
=	13.08

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Ninetowns Internet Technology Group Co (FRA:NQU) Business Description

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http://www.ninetowns.com

Ninetowns Internet Technology Group Co Ltd was incorporated in the Cayman Islands as a limited liability company on February 8, 2002 as "Ninetowns Digital World Trade Technology Holdings Limited". It changed its name to "Ninetowns Digital World Trade One Technology Holdings Limited" on June 14, 2002 and then to "Ninetowns Digital World Trade Holdings Limited" on April 7, 2003. The Company is a PRC software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China. Its enterprise software products consist of standardized, easy-to-install applications that simplify the declaration and approval process for international trade enterprises in China. Its enterprise software automates and facilitates the processing of the required import/export declarations and approvals in a cost-efficient, user-friendly and legally-compliant manner over the Internet, utilizing an electronic infrastructure it helped build that links together numerous branch offices of the PRC Inspections Administration. Through its software development services, it assists in the development and maintenance of the software systems used to process electronic filings by the PRC Inspections Administration and the data exchange platforms which serve as the interface between such systems and its enterprise software users.

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