Jiangxi Hongdu Aviation Industry Co (SHSE:600316) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Jiangxi Hongdu Aviation Industry Co Change In Receivables?

Jiangxi Hongdu Aviation Industry Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Jiangxi Hongdu Aviation Industry Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Jiangxi Hongdu Aviation Industry Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥2,228 Mil. It means Jiangxi Hongdu Aviation Industry Co's Accounts Receivable declined by ¥2,228 Mil from Dec. 2022 to Dec. 2023 .

Jiangxi Hongdu Aviation Industry Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥2,705 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. Jiangxi Hongdu Aviation Industry Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 922.63.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Jiangxi Hongdu Aviation Industry Co's liquidation value for the three months ended in Mar. 2024 was ¥-5,230 Mil.

Jiangxi Hongdu Aviation Industry Co Change In Receivables Historical Data

The historical data trend for Jiangxi Hongdu Aviation Industry 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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Jiangxi Hongdu Aviation Industry Co Change In Receivables Chart

Jiangxi Hongdu Aviation Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,093.76

-1,429.01

-8,243.48

739.84

2,228.14

Jiangxi Hongdu Aviation Industry 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															-	-	-	-	-

Jiangxi Hongdu Aviation Industry 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 Mil.

Jiangxi Hongdu Aviation Industry Co (SHSE:600316) 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.

Jiangxi Hongdu Aviation Industry 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
=	2704.652	/	267.495	*	91
=	922.63

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

Jiangxi Hongdu Aviation Industry 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)
=	394.769	-	9868.377	+	0.75 * 2704.652	+	0.5 * 4429.593
=	-5,230

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Jiangxi Hongdu Aviation Industry Co (SHSE:600316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Jiangxi Hongdu Aviation Industry Co Ltd (SHSE:600316) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinxi Bridge, Jiangxi province, Nanchang, CHN, 330024

Website

http://www.hongdu-aviation.com

Jiangxi Hongdu Aviation Industry Co Ltd engages in the manufacture and sale of aviation products, motorcycles, and engines. The company operates through Trainer Business, Subcontract Production Business, and General Aviation Business segments. The main products of the K8 series jet trainer and the first teacher six-propeller trainer are exported to many countries and regions such as Asia, Africa, and the Americas. Further, the group act as the main export base for China's trainer aircraft, agricultural and forestry aircraft research and production bases and aviation foreign trade.

Executives

Jin Lei

senior management

Jiangxi Hongdu Aviation Industry Co (SHSE:600316) Headlines

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