Elegant Home-tech Co (SHSE:603221) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Elegant Home-tech Co Change In Receivables?

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

Elegant Home-tech Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-142 Mil. It means Elegant Home-tech Co's Accounts Receivable increased by ¥142 Mil from Dec. 2022 to Dec. 2023 .

Elegant Home-tech Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥259 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. Elegant Home-tech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 71.27.

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

Elegant Home-tech Co Change In Receivables Historical Data

The historical data trend for Elegant Home-tech 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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Elegant Home-tech Co Change In Receivables Chart

Elegant Home-tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-41.20

-16.54

2.25

23.42

-142.22

Elegant Home-tech 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															-	-	-	-	-

Elegant Home-tech 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.

Elegant Home-tech Co (SHSE:603221) 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.

Elegant Home-tech 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
=	258.531	/	330.993	*	91
=	71.27

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

Elegant Home-tech 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)
=	459.991	-	690.409	+	0.75 * 258.531	+	0.5 * 223.838
=	75

Elegant Home-tech Co Change In Receivables Related Terms

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Elegant Home-tech Co (SHSE:603221) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elegant Home-tech Co Ltd (SHSE:603221) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Hexing Street,Jinfeng Town, Jiangsu, Zhangjiagang, CHN, 215616

Website

http://www.eletile.com

Elegant Home-tech Co Ltd formerly known as Zhangjiagang Elegant Home-Tech Co Ltd is a manufacturer of Vinyl Floor Tiles in China. The company has both residential and commercial collections with more than 1,000 patterns for customer characterized by the look and feel of natural wood, stone, ceramic & carpet. Its products range includes Vinyl planks in wooden designs, Vinyl planks In-registered, Vinyl tiles in stone, marble, granite designs, Vinyl tiles in Carpet design, and Anti slip & Solid color Vinyl tiles.

Executives

Yang Wen Hai

Supervisors

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