Hangzhou Greenda Electronic Materials Co (SHSE:603931) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Hangzhou Greenda Electronic Materials Co Change In Receivables?

Hangzhou Greenda Electronic Materials Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Hangzhou Greenda Electronic Materials Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Hangzhou Greenda Electronic Materials Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥7.5 Mil. It means Hangzhou Greenda Electronic Materials Co's Accounts Receivable declined by ¥7.5 Mil from Dec. 2022 to Dec. 2023 .

Hangzhou Greenda Electronic Materials Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥195.1 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. Hangzhou Greenda Electronic Materials Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 104.30.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hangzhou Greenda Electronic Materials Co's liquidation value for the three months ended in Mar. 2024 was ¥811.2 Mil.

Hangzhou Greenda Electronic Materials Co Change In Receivables Historical Data

The historical data trend for Hangzhou Greenda Electronic Materials 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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Hangzhou Greenda Electronic Materials Co Change In Receivables Chart

Hangzhou Greenda Electronic Materials Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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32.77

-53.63

-93.53

7.27

7.46

Hangzhou Greenda Electronic Materials 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															-	-	-	-	-

Hangzhou Greenda Electronic Materials 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 ¥0.0 Mil.

Hangzhou Greenda Electronic Materials Co (SHSE:603931) 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.

Hangzhou Greenda Electronic Materials 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
=	195.145	/	170.731	*	91
=	104.30

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

Hangzhou Greenda Electronic Materials 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)
=	812.993	-	178.638	+	0.75 * 195.145	+	0.5 * 61.072
=	811.2

Hangzhou Greenda Electronic Materials Co Change In Receivables Related Terms

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Hangzhou Greenda Electronic Materials Co (SHSE:603931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangzhou Greenda Electronic Materials Co Ltd (SHSE:603931) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

No. 9936, Hong15 Road, Linjiang Industrial Park, Xiaoshan, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311228

Website

http://www.greendachem.com

Hangzhou Greenda Electronic Materials Co Ltd is engaged in production and sales of ultra-clean and high-purity wet electronic chemicals. The company is a developer of TMAH and provides various electronic chemical products for TFT-LCD, IC, PV and other industries and integrated management services. Its products include Hydrochloric Acid, Sulphuric acid, Phosphoric acid, Nitric acid, Tetramethylammonium Hydroxide, Isopropanol, Potassium Hydroxide, among others.

Executives

Yin Yun Jian

Director

Hangzhou Greenda Electronic Materials Co (SHSE:603931) Headlines

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