Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Red Dragonfly Footwear Co Change In Receivables?

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

Zhejiang Red Dragonfly Footwear Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-0 Mil. It means Zhejiang Red Dragonfly Footwear Co's Accounts Receivable increased by ¥0 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Red Dragonfly Footwear Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥503 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 Red Dragonfly Footwear Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 76.37.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhejiang Red Dragonfly Footwear Co's liquidation value for the three months ended in Mar. 2024 was ¥1,254 Mil.

Zhejiang Red Dragonfly Footwear Co Change In Receivables Historical Data

The historical data trend for Zhejiang Red Dragonfly Footwear 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 Red Dragonfly Footwear Co Change In Receivables Chart

Zhejiang Red Dragonfly Footwear Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-74.40

65.14

176.99

57.04

-0.08

Zhejiang Red Dragonfly Footwear 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															-	-	-	-	-

Zhejiang Red Dragonfly Footwear 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 Red Dragonfly Footwear Co (SHSE:603116) 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 Red Dragonfly Footwear 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
=	502.67	/	600.64	*	91
=	76.37

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

Zhejiang Red Dragonfly Footwear 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)
=	1868.04	-	1224.083	+	0.75 * 502.67	+	0.5 * 465.344
=	1,254

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Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Red Dragonfly Footwear Co Ltd (SHSE:603116) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjiatun Road, Dongpu Industrial Zone, Yubei Town, Yongjia County, Zhejiang, Wenzhou, CHN, 325102

Website

http://www.cnhqt.com

Zhejiang Red Dragonfly Footwear Co Ltd is engaged in research and development, production and sale of Red Dragonfly brand shoes and leather goods, clothing and other industry. The company main products include men's and women's shoes, children's shoes and apparels, leather belts, wallets, and leather handbags, among others.

Executives

Qian Jin Bo	Director
Wang Jian Bin	Director
Zhang Shao Bin	Directors, senior managers
Xue Xia	senior management
Fang Xuan Ping	Director
Chen Ming Hai	Director
Xu Zhi Hong	senior management
Jin Yin Kuan	Director
Dong Zhong Wu	senior management
Xu Wei	senior management
Qian Xiu Fen	senior management
Chen Man Cang	Supervisors

Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Headlines

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