Suzhou Secote Precision Electronic Co (SHSE:603283) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Suzhou Secote Precision Electronic Co Change In Receivables?

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

Suzhou Secote Precision Electronic Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥176 Mil. It means Suzhou Secote Precision Electronic Co's Accounts Receivable declined by ¥176 Mil from Dec. 2022 to Dec. 2023 .

Suzhou Secote Precision Electronic Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥732 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. Suzhou Secote Precision Electronic Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 86.34.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Suzhou Secote Precision Electronic Co's liquidation value for the three months ended in Mar. 2024 was ¥-447 Mil.

Suzhou Secote Precision Electronic Co Change In Receivables Historical Data

The historical data trend for Suzhou Secote Precision Electronic 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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Suzhou Secote Precision Electronic Co Change In Receivables Chart

Suzhou Secote Precision Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-35.47

-990.72

264.91

-23.64

175.77

Suzhou Secote Precision Electronic 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															-	-	-	-	-

Suzhou Secote Precision Electronic 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.

Suzhou Secote Precision Electronic Co (SHSE:603283) 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.

Suzhou Secote Precision Electronic 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
=	732.411	/	774.027	*	91
=	86.34

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

Suzhou Secote Precision Electronic 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)
=	741.91	-	2429.244	+	0.75 * 732.411	+	0.5 * 1382.102
=	-447

Suzhou Secote Precision Electronic Co Change In Receivables Related Terms

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Suzhou Secote Precision Electronic Co (SHSE:603283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Secote Precision Electronic Co Ltd (SHSE:603283) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.4 South Dongwu Road, Wuzhong, Suzhou, CHN, 215168

Website

http://www.secote.com

Suzhou Secote Precision Electronic Co Ltd is engaged in the provision of automation solutions. Secote offers technical consultancy, feasibility studies, data experimentation, system design, programming, system integration, installation and tuning, and other services. The company also provides measurement and detection equipment and fixtures. Secote's products are widely used in the consumer electronics, automotive, medical, household appliance, apparel and personal care, food service, and cosmetics industries.

Executives

Yang Wei	Director
	Director
Chen Xiang Bing	Director
Li San Bao	Director
Zhao Jian Hua	Directors, senior managers
Huang Yuan Yuan	senior management
Wang Yong	Director
Sun Feng	Directors, senior managers
Bie Yuan Feng	Supervisors
Sun Quan	Supervisors
Lou Hong Wei	Director
Liu Yan Wei	senior management
Ceng Hui	Director
Fu Kai Qiang	Director
Liu Hong Ning	senior management

Suzhou Secote Precision Electronic Co (SHSE:603283) Headlines

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