Longyan Kaolin Clay Co (SHSE:605086) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Longyan Kaolin Clay Co Change In Receivables?

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

Longyan Kaolin Clay Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥3.1 Mil. It means Longyan Kaolin Clay Co's Accounts Receivable declined by ¥3.1 Mil from Dec. 2022 to Dec. 2023 .

Longyan Kaolin Clay Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥2.3 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. Longyan Kaolin Clay Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 3.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Longyan Kaolin Clay Co's liquidation value for the three months ended in Mar. 2024 was ¥242.1 Mil.

Longyan Kaolin Clay Co Change In Receivables Historical Data

The historical data trend for Longyan Kaolin Clay 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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Longyan Kaolin Clay Co Change In Receivables Chart

Longyan Kaolin Clay Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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23.44

-0.13

10.00

-8.69

3.09

Longyan Kaolin Clay Co Quarterly Data
	Dec18	Jun19	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															-	-	-	-	-

Longyan Kaolin Clay 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.

Longyan Kaolin Clay Co (SHSE:605086) 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.

Longyan Kaolin Clay 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
=	2.32	/	66.765	*	91
=	3.17

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

Longyan Kaolin Clay 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)
=	318.967	-	89.936	+	0.75 * 2.32	+	0.5 * 22.718
=	242.1

Longyan Kaolin Clay Co Change In Receivables Related Terms

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Longyan Kaolin Clay Co (SHSE:605086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Longyan Kaolin Clay Co Ltd (SHSE:605086) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

No.260 Longyan Avenue, Xibei Street, Floor 10-12, State-owned Building, Xinluo District, Fujian Province, Longyan, CHN, 364000

Website

http://www.longgaogf.com

Longyan Kaolin Clay Co Ltd is engaged in the selection, processing and sales of kaolin. The company's main products are kaolin ore, 325 mesh kaolin concentrate, super Longyan kaolin, and modified kaolin. The products have the characteristics of low iron, titanium and other harmful impurities, high firing whiteness, and good ceramic performance. It is widely used in daily ceramics, arts and crafts ceramics and high-end architectural ceramics.

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