Triumph New Energy Co (SHSE:600876) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Triumph New Energy Co Change In Receivables?

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

Triumph New Energy Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-645 Mil. It means Triumph New Energy Co's Accounts Receivable increased by ¥645 Mil from Dec. 2022 to Dec. 2023 .

Triumph New Energy Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,371 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. Triumph New Energy Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 87.04.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Triumph New Energy Co's liquidation value for the three months ended in Mar. 2024 was ¥-5,592 Mil.

Triumph New Energy Co Change In Receivables Historical Data

The historical data trend for Triumph New Energy 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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Triumph New Energy Co Change In Receivables Chart

Triumph New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-216.21

-188.73

10.02

-1,310.68

-644.90

Triumph New Energy 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															-	-	-	-	-

Triumph New Energy 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.

Triumph New Energy Co (SHSE:600876) 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.

Triumph New Energy 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
=	1371.495	/	1437.775	*	91
=	87.04

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

Triumph New Energy 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)
=	282.195	-	7310.123	+	0.75 * 1371.495	+	0.5 * 813.781
=	-5,592

Triumph New Energy Co Change In Receivables Related Terms

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Triumph New Energy Co (SHSE:600876) Business Description

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Traded in Other Exchanges

01108:Hong Kong LUG:Germany

Address

No. 9, Tang Gong Zhong Lu, Xigong District, Henan Province, Luoyang, CHN, 471009

Website

http://www.zhglb.com

Triumph New Energy Co Ltd formerly Luoyang Glass Co Ltd is a float glass manufacturing company. It manufactures ultra-thin float glass in the series of 0.12mm-2.0mm in China. The ultra-thin glass substrate is used for displaying, touching, window protection and functions in the panel display devices and touch equipment. The company generates revenue from production and sales of float sheet glass, and sale of raw materials to produce float sheet glass. Its business segments are namely information display glass, new energy glass and Other functional glass.

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