Lizhan Environmental (Lizhan Environmental) Change In Receivables : $-0.46 Mil (TTM As of Mar. 2012)

View and export this data going back to 2010. Start your Free Trial

What is Lizhan Environmental Change In Receivables?

Lizhan Environmental's change in receivables for the quarter that ended in Mar. 2012 was $0.00 Mil. It means Lizhan Environmental's Accounts Receivable stayed the same from Sep. 2011 to Mar. 2012 .

Lizhan Environmental's change in receivables for the fiscal year that ended in Sep. 2011 was $-0.46 Mil. It means Lizhan Environmental's Accounts Receivable increased by $0.46 Mil from Sep. 2010 to Sep. 2011 .

Lizhan Environmental's Accounts Receivable for the quarter that ended in Mar. 2012 was $4.19 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. Lizhan Environmental's Days Sales Outstanding for the three months ended in Mar. 2012 was 72.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lizhan Environmental's liquidation value for the three months ended in Mar. 2012 was $-29.20 Mil.

Lizhan Environmental Change In Receivables Historical Data

The historical data trend for Lizhan Environmental'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.

* Premium members only.

Lizhan Environmental Change In Receivables Chart

Lizhan Environmental Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Change In Receivables

-3.05

-1.37

-2.11

-0.46

Lizhan Environmental Quarterly Data
	Sep08	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Mar12
Change In Receivables	Get a 7-Day Free Trial							-3.52	4.64	-2.86	1.28	-

Lizhan Environmental 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.46 Mil.

Lizhan Environmental (OTCPK:LZENF) 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.

Lizhan Environmental's Days Sales Outstanding for the quarter that ended in Mar. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.191	/	5.272	*	91
=	72.54

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

Lizhan Environmental's liquidation value for the quarter that ended in Mar. 2012 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.503	-	41.172	+	0.75 * 4.191	+	0.5 * 16.643
=	-29.20

Lizhan Environmental Change In Receivables Related Terms

Thank you for viewing the detailed overview of Lizhan Environmental's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Lizhan Environmental (Lizhan Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lizhan Environmental Corp (OTCPK:LZENF) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

No. 716, Qifu Road, Wutong Street, Tongxiang, Zhejiang Province, CHN, 314500

Website

http://gb.lzencorp.com/

Lizhan Environmental Corp manufactures, distributes and markets synthetic leather and other fabrics from recycled leather waste, among other materials. It's products used in the production of residential and office furniture, garments, automotive upholstery products, and various consumer applications. It sells domestically in China and export to distributors and manufacturers in the United States and other foreign countries.

Lizhan Environmental (Lizhan Environmental) Headlines

No Headlines