Zhejiang Shibao Co (HKSE:01057) Change In Receivables : HK$0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Shibao Co Change In Receivables?

Zhejiang Shibao Co's change in receivables for the quarter that ended in Mar. 2024 was HK$0 Mil. It means Zhejiang Shibao Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Zhejiang Shibao Co's change in receivables for the fiscal year that ended in Dec. 2023 was HK$-366 Mil. It means Zhejiang Shibao Co's Accounts Receivable increased by HK$366 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Shibao Co's Accounts Receivable for the quarter that ended in Mar. 2024 was HK$755 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. Zhejiang Shibao Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 128.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhejiang Shibao Co's liquidation value for the three months ended in Mar. 2024 was HK$324 Mil.

Zhejiang Shibao Co Change In Receivables Historical Data

The historical data trend for Zhejiang Shibao 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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Zhejiang Shibao Co Change In Receivables Chart

Zhejiang Shibao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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3.36

1.02

18.41

-182.55

-366.32

Zhejiang Shibao Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Zhejiang Shibao 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.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.

Zhejiang Shibao Co (HKSE:01057) 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.

Zhejiang Shibao Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	755.047	/	536.025	*	91
=	128.54

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

Zhejiang Shibao Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	634.979	-	1144.214	+	0.75 * 755.047	+	0.5 * 534.234
=	324

Zhejiang Shibao Co Change In Receivables Related Terms

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Zhejiang Shibao Co (HKSE:01057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Shibao Co Ltd (HKSE:01057) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

W4K1:Germany 002703:China

Address

228 Queen’s Road East, Unit C, 5th Floor, Jonsim Place, Wanchai, Hong Kong, HKG

Website

http://www.zjshibao.com

Zhejiang Shibao Co Ltd is into the research and development of automotive steering gear products and is mainly engaged in the development, design, manufacture, and sales of automotive steering gears and other key components and parts of the steering system. It offers power recirculating ball steering gears which are used in light, medium, and heavy-duty trucks and buses, and power rack-and-pinion steering gears and steering knuckles for use in passenger cars. The company derives a majority of its revenue domestically from China.

Executives

Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you

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