Zhejiang Hangmin Co (SHSE:600987) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Hangmin Co Change In Receivables?

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

Zhejiang Hangmin Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-67 Mil. It means Zhejiang Hangmin Co's Accounts Receivable increased by ¥67 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Hangmin Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥391 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. Zhejiang Hangmin Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 11.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhejiang Hangmin Co's liquidation value for the three months ended in Mar. 2024 was ¥1,967 Mil.

Zhejiang Hangmin Co Change In Receivables Historical Data

The historical data trend for Zhejiang Hangmin 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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Zhejiang Hangmin Co Change In Receivables Chart

Zhejiang Hangmin Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-64.18

199.70

-309.01

45.31

-67.21

Zhejiang Hangmin Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Zhejiang Hangmin 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.

Zhejiang Hangmin Co (SHSE:600987) 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.

Zhejiang Hangmin 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
=	391.081	/	3126.781	*	91
=	11.41

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

Zhejiang Hangmin 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)
=	3917.299	-	3785.034	+	0.75 * 391.081	+	0.5 * 3083.832
=	1,967

Zhejiang Hangmin Co Change In Receivables Related Terms

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Zhejiang Hangmin Co (SHSE:600987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Hangmin Co Ltd (SHSE:600987) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Hangmin Village, Guali Town, Xiaoshan District, Zhejiang province, hangzhou, CHN, 311241

Website

http://www.hmgf.com

Zhejiang Hangmin Co Ltd in China is engaged in the areas of printing, dyeing, weaving, marine logistics and the production of thermoelectricity business. It mainly produces and exports multi-fiber blended fabrics, high real textile fabrics and printed fabrics. The company's product sold throughout the country and exported to Southeast Asia, the Middle East, North America, the European Union, Hong Kong, Macao and Taiwan and other countries and regions.

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