MTEN (Mingteng International) Change In Receivables : $-1.30 Mil (TTM As of Dec. 2024)

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What is Mingteng International Change In Receivables?

Mingteng International's change in receivables for the quarter that ended in Dec. 2024 was $-0.63 Mil. It means Mingteng International's Accounts Receivable increased by $0.63 Mil from Jun. 2024 to Dec. 2024 .

Mingteng International's change in receivables for the fiscal year that ended in Dec. 2024 was $-1.30 Mil. It means Mingteng International's Accounts Receivable increased by $1.30 Mil from Dec. 2023 to Dec. 2024 .

Mingteng International's Accounts Receivable for the quarter that ended in Dec. 2024 was $4.17 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. Mingteng International's Days Sales Outstanding for the six months ended in Dec. 2024 was 139.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mingteng International's liquidation value for the six months ended in Dec. 2024 was $0.29 Mil.

Mingteng International Change In Receivables Historical Data

The historical data trend for Mingteng International'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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Mingteng International Change In Receivables Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Receivables

-0.27

-0.79

-0.02

-0.86

-1.30

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Change In Receivables	Get a 7-Day Free Trial				1.27	-0.50	-0.36	-0.67	-0.63

Mingteng International 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.30 Mil.

Mingteng International (NAS:MTEN) 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.

Mingteng International's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.172	/	5.474	*	91
=	139.09

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

Mingteng International's liquidation value for the quarter that ended in Dec. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.081	-	5.508	+	0.75 * 4.172	+	0.5 * 1.184
=	0.29

Mingteng International Change In Receivables Related Terms

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Mingteng International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

https://ir.wxmtmj.cn

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.