Zhejiang Yingfeng Technology Co (SHSE:605055) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Yingfeng Technology Co Change In Receivables?

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

Zhejiang Yingfeng Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥34 Mil. It means Zhejiang Yingfeng Technology Co's Accounts Receivable declined by ¥34 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Yingfeng Technology Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥124 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 Yingfeng Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 35.42.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhejiang Yingfeng Technology Co's liquidation value for the three months ended in Mar. 2024 was ¥-797 Mil.

Zhejiang Yingfeng Technology Co Change In Receivables Historical Data

The historical data trend for Zhejiang Yingfeng Technology 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 Yingfeng Technology Co Change In Receivables Chart

Zhejiang Yingfeng Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-98.66

-40.23

-155.75

-20.86

34.03

Zhejiang Yingfeng Technology 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 Yingfeng Technology 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 Yingfeng Technology Co (SHSE:605055) 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 Yingfeng Technology 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
=	123.705	/	318.675	*	91
=	35.42

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

Zhejiang Yingfeng Technology 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)
=	245.516	-	1174.418	+	0.75 * 123.705	+	0.5 * 78.223
=	-797

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Zhejiang Yingfeng Technology Co (SHSE:605055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Yingfeng Technology Co Ltd (SHSE:605055) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

No. 4888, Xingbin Road, Binhai Industrial Zone, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312000

Website

http://www.zj-yfkj.com

Zhejiang Yingfeng Technology Co Ltd specializes in textile printing and dyeing processing business. It mainly includes two series of knitted fabric printing and dyeing and woven fabric printing and dyeing. The main processes include pretreatment, dyeing, and finishing. Textile fabrics after printing and dyeing are widely used in the fields of casual clothing, sportswear and business formal wear.

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