Kangxin New Materials Co (SHSE:600076) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Kangxin New Materials Co Change In Receivables?

Kangxin New Materials Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Kangxin New Materials Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Kangxin New Materials Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-71.5 Mil. It means Kangxin New Materials Co's Accounts Receivable increased by ¥71.5 Mil from Dec. 2022 to Dec. 2023 .

Kangxin New Materials Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥56.8 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. Kangxin New Materials Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 98.69.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kangxin New Materials Co's liquidation value for the three months ended in Mar. 2024 was ¥-403.8 Mil.

Kangxin New Materials Co Change In Receivables Historical Data

The historical data trend for Kangxin New Materials 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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Kangxin New Materials Co Change In Receivables Chart

Kangxin New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-102.19

244.01

174.98

158.83

-71.45

Kangxin New Materials 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															-	-	-	-	-

Kangxin New Materials 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 ¥0.0 Mil.

Kangxin New Materials Co (SHSE:600076) 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.

Kangxin New Materials 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
=	56.788	/	52.506	*	91
=	98.69

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

Kangxin New Materials 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)
=	180.443	-	2575.076	+	0.75 * 56.788	+	0.5 * 3896.425
=	-403.8

Kangxin New Materials Co Change In Receivables Related Terms

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Kangxin New Materials Co (SHSE:600076) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Kangxin New Materials Co Ltd (SHSE:600076) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Wuhan East Lake Central Lake Road No. 57, Jinyinhu Withub 30, Hubei Province, Wuhan, CHN

Website

http://www.hbkangxin.com.cn

Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.

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