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Wecome Intelligent Manufacturing Co (SHSE:603070) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)


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What is Wecome Intelligent Manufacturing Co Change In Receivables?

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

Wecome Intelligent Manufacturing Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-158 Mil. It means Wecome Intelligent Manufacturing Co's Accounts Receivable increased by ¥158 Mil from Dec. 2022 to Dec. 2023 .

Wecome Intelligent Manufacturing Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥858 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. Wecome Intelligent Manufacturing Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 180.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Wecome Intelligent Manufacturing Co's liquidation value for the three months ended in Mar. 2024 was ¥541 Mil.


Wecome Intelligent Manufacturing Co Change In Receivables Historical Data

The historical data trend for Wecome Intelligent Manufacturing 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.

* Premium members only.

Wecome Intelligent Manufacturing Co Change In Receivables Chart

Wecome Intelligent Manufacturing Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial -53.87 -111.24 -296.25 -211.08 -158.48

Wecome Intelligent Manufacturing Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Wecome Intelligent Manufacturing 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.

* 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.


Wecome Intelligent Manufacturing Co  (SHSE:603070) 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.

Wecome Intelligent Manufacturing 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
=858.4/433.875*91
=180.53

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

Wecome Intelligent Manufacturing 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)
=977.094-1200.36+0.75 * 858.4+0.5 * 241.18
=541

* 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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Wecome Intelligent Manufacturing Co (SHSE:603070) Business Description

Traded in Other Exchanges
N/A
Address
Wenzhou Bridge Industrial Park, Wankong Intelligent Manufacturing Building, Beibaixiang Town, Zhejiang Province, Yueqing, CHN, 325600
Wecome Intelligent Manufacturing Co Ltd is engaged in the research and development, production and sales of distribution switch control equipment.
Executives
Hu Jie Mei senior management
Zheng Jian Feng senior management

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