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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)


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What is Solax Power Network Technology (Zhejiang) Co Change In Receivables?

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

Solax Power Network Technology (Zhejiang) Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥189 Mil. It means Solax Power Network Technology (Zhejiang) Co's Accounts Receivable declined by ¥189 Mil from Dec. 2022 to Dec. 2023 .

Solax Power Network Technology (Zhejiang) Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥416 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. Solax Power Network Technology (Zhejiang) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 55.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Solax Power Network Technology (Zhejiang) Co's liquidation value for the three months ended in Mar. 2024 was ¥2,838 Mil.


Solax Power Network Technology (Zhejiang) Co Change In Receivables Historical Data

The historical data trend for Solax Power Network Technology (Zhejiang) 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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Solax Power Network Technology (Zhejiang) Co Change In Receivables Chart

Solax Power Network Technology (Zhejiang) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
-7.45 33.68 -54.15 -589.76 189.15

Solax Power Network Technology (Zhejiang) Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Solax Power Network Technology (Zhejiang) 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.

* 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.


Solax Power Network Technology (Zhejiang) Co  (SHSE:688717) 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.

Solax Power Network Technology (Zhejiang) 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
=416.028/684.282*91
=55.48

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

Solax Power Network Technology (Zhejiang) 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)
=3174.439-1117.222+0.75 * 416.028+0.5 * 938.259
=2,838

* 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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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063
Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.

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