Huafang Co (SHSE:600448) Change In Receivables: ¥ Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600448 Huafang Co Ltd SHSE:600448
49 GF Score
Price ¥3.89
GF Value ¥3.03
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Huafang Co Change In Receivables?

Huafang Co SHSE:600448 +9.89% 49 Change In Receivables is ¥ Mil as of Jun. 2026. GuruFocus rates SHSE:600448 with a GF Score™ of 49/100 and a GF Value™ of ¥3.03 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Huafang Co's change in receivables for the quarter that ended in Jun. 2026 was ¥ Mil. It means Huafang Co's Accounts Receivable stayed the same from Mar. 2026 to Jun. 2026 .

Huafang Co's change in receivables for the fiscal year that ended in Dec. 2025 was ¥-199 Mil. It means Huafang Co's Accounts Receivable increased by ¥199 Mil from Dec. 2024 to Dec. 2025 .

Huafang Co's Accounts Receivable for the quarter that ended in Jun. 2026 was ¥480 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. Huafang Co's Days Sales Outstanding for the three months ended in Jun. 2026 was 60.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Huafang Co's liquidation value for the three months ended in Jun. 2026 was ¥-1,308 Mil.


Huafang Co  (SHSE:600448) 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.

Huafang Co's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=479.90445499/723.43213126*91
=60.53

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

Huafang Co's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=331.42737-2420.61100291+0.75 * 479.90445499+0.5 * 841.55756749
=-1,308

* 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.


Huafang Co Change In Receivables Related Terms


Huafang Co Change In Receivables Historical Data

* Premium members only.

The historical data trend for Huafang 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.

Huafang Co Change In Receivables Chart

Huafang Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -32.23 -15.36 140.88 -233.59 -198.52

Huafang Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -
SHSE:600448
49GF Score
Huafang Co Ltd SHSE:600448
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Huafang 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥ Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of ¥ Mil mean?
Huafang Co (SHSE:600448) has a Change In Receivables of ¥ Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Huafang Co and its competitors.
Is Huafang Co's Change In Receivables too high?
Huafang Co's current Change In Receivables is ¥ Mil. Overall, Huafang Co has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Huafang Co's Change In Receivables compare to competitors?
Huafang Co's Change In Receivables of ¥ Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Manufacturing - Apparel & Accessories company?
A good Change In Receivables depends on the Manufacturing - Apparel & Accessories industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Huafang Co and its competitors. Huafang Co's current Change In Receivables is ¥ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huafang Co stock overvalued right now?
Based on GuruFocus' analysis, Huafang Co (SHSE:600448) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥3.03, compared to a current price of ¥3.89 — trading 28.4% above its estimated fair value. The current Change In Receivables is ¥ Mil. Huafang Co's overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Huafang Co (SHSE:600448), the current Change In Receivables is ¥ Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Huafang Co (SHSE:600448) Overvalued in 2026?

Based on GuruFocus' analysis, Huafang Co stock appears to be overvalued. The current stock price of ¥3.89 is trading 28.4% above its estimated GF Value™ of ¥3.03. GuruFocus considers Huafang Co to be Modestly Overvalued.

Key valuation signals for SHSE:600448:

  • Change In Receivables: ¥ Mil
  • GF Value™: ¥3.03 vs. price of ¥3.89 (28.4% above fair value)
  • GF Score™: 49/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600448 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huafang Co Business Description

Address No. 118, Donghai 1st Road, Shandong Province, Binzhou, CHN, 256602
Huafang Co Ltd is engaged in the production, distribution and export of fabrics, printed fabrics, textile fabrics, bedding, and dresses. The company provides textile products, fabric series, cloth series, bedding series, clothing line & among others.
49GF Score

Get the complete analysis for SHSE:600448

Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥3.89
Price
¥3.03
GF Value