CBAK Energy Technology (LTS:0A98) Change In Receivables : $-10.5 Mil (TTM As of Mar. 2024)

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What is CBAK Energy Technology Change In Receivables?

CBAK Energy Technology's change in receivables for the quarter that ended in Mar. 2024 was $-8.2 Mil. It means CBAK Energy Technology's Accounts Receivable increased by $8.2 Mil from Dec. 2023 to Mar. 2024 .

CBAK Energy Technology's change in receivables for the fiscal year that ended in Dec. 2023 was $-3.0 Mil. It means CBAK Energy Technology's Accounts Receivable increased by $3.0 Mil from Dec. 2022 to Dec. 2023 .

CBAK Energy Technology's Accounts Receivable for the quarter that ended in Mar. 2024 was $25.3 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. CBAK Energy Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 39.24.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CBAK Energy Technology's liquidation value for the three months ended in Mar. 2024 was $-108.3 Mil.

CBAK Energy Technology Change In Receivables Historical Data

The historical data trend for CBAK Energy Technology'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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CBAK Energy Technology Change In Receivables Chart

CBAK Energy Technology Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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10.31

-20.77

18.72

21.02

-2.96

CBAK Energy Technology 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															-0.60	-2.98	-16.75	17.37	-8.19

CBAK Energy Technology 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 $-10.5 Mil.

CBAK Energy Technology (LTS:0A98) 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.

CBAK Energy Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	25.292	/	58.822	*	91
=	39.24

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

CBAK Energy Technology'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)
=	23.79	-	165.218	+	0.75 * 25.292	+	0.5 * 28.26
=	-108.3

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CBAK Energy Technology (LTS:0A98) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CBAK Energy Technology Inc (LTS:0A98) » Definitions » Change In Receivables

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Traded in Other Exchanges

CBAT:USA B6JA:Germany

Address

CBAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Liaoning Province, Dalian, CHN, 116450

Website

https://www.cbak.com.cn

CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium-ion high-power rechargeable batteries which are mainly used in electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and other high power applications. The company manufactures five types of Li-ion rechargeable batteries namely aluminum-case cells, battery packs, cylindrical cells, lithium polymer cells, and high-power lithium battery cells. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Korea, and Other Countries.

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