Caihong Display Devices Co (SHSE:600707) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Caihong Display Devices Co Change In Receivables?

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

Caihong Display Devices Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-948 Mil. It means Caihong Display Devices Co's Accounts Receivable increased by ¥948 Mil from Dec. 2022 to Dec. 2023 .

Caihong Display Devices Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,969 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. Caihong Display Devices Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 61.64.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Caihong Display Devices Co's liquidation value for the three months ended in Mar. 2024 was ¥-10,097 Mil.

Caihong Display Devices Co Change In Receivables Historical Data

The historical data trend for Caihong Display Devices 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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Caihong Display Devices Co Change In Receivables Chart

Caihong Display Devices Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,227.08

-676.05

509.36

822.74

-948.10

Caihong Display Devices 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															-	-	-	-	-

Caihong Display Devices 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.

Caihong Display Devices Co (SHSE:600707) 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.

Caihong Display Devices 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
=	1968.666	/	2914.335	*	91
=	61.64

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

Caihong Display Devices 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)
=	6223.773	-	18271.117	+	0.75 * 1968.666	+	0.5 * 947.658
=	-10,097

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Caihong Display Devices Co (SHSE:600707) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 1 Caihong Road, Xianyang, Shanxi, CHN, 712021

Website

http://www.irico.com.cn

Caihong Display Devices Co Ltd is engaged in the research and development of new energy photovoltaic glass. Its operations include construction and operation of solar power plants; production and sales of solar photovoltaic glass, tempered glass, coated glass, conductive film glass, flat glass, and vacuum glass; production and sales of solar cell chip, solar cell module, and their auxiliary products as well as silicon materials; solar photovoltaic power generation related business; and other products. The majority of its revenue comes from China.

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