Sino Medical Sciences Technology (SHSE:688108) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Sino Medical Sciences Technology Change In Receivables?

Sino Medical Sciences Technology's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Sino Medical Sciences Technology's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Sino Medical Sciences Technology's change in receivables for the fiscal year that ended in Dec. 2023 was ¥18.9 Mil. It means Sino Medical Sciences Technology's Accounts Receivable declined by ¥18.9 Mil from Dec. 2022 to Dec. 2023 .

Sino Medical Sciences Technology's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥10.5 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. Sino Medical Sciences Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 10.49.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sino Medical Sciences Technology's liquidation value for the three months ended in Mar. 2024 was ¥-118.7 Mil.

Sino Medical Sciences Technology Change In Receivables Historical Data

The historical data trend for Sino Medical Sciences Technology'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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Sino Medical Sciences Technology Change In Receivables Chart

Sino Medical Sciences Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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5.97

-13.75

100.12

7.73

18.86

Sino Medical Sciences Technology 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															-	-	-	-	-

Sino Medical Sciences Technology 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.

Sino Medical Sciences Technology (SHSE:688108) 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.

Sino Medical Sciences Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.47	/	91.063	*	91
=	10.49

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

Sino Medical Sciences Technology'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)
=	208.049	-	395.626	+	0.75 * 10.47	+	0.5 * 122.027
=	-118.7

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Sino Medical Sciences Technology (SHSE:688108) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sino Medical Sciences Technology Inc (SHSE:688108) » Definitions » Change In Receivables

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Address

TEDA Biomedical Research and Development Building, No. 5, Fourth Avenue, Tianjin Development Zone, 2nd Floor, Zone B, Tianjin, CHN, 300457

Website

http://www.sinomed.com

Sino Medical Sciences Technology Inc is a China based company engaged in the research, development, production and sales of high-end interventional medical devices.

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