Shandong Tengda Fasten Tech Co (SZSE:001379) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Shandong Tengda Fasten Tech Co Change In Receivables?

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

Shandong Tengda Fasten Tech Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥184 Mil. It means Shandong Tengda Fasten Tech Co's Accounts Receivable declined by ¥184 Mil from Dec. 2022 to Dec. 2023 .

Shandong Tengda Fasten Tech Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥140 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. Shandong Tengda Fasten Tech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 30.99.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shandong Tengda Fasten Tech Co's liquidation value for the three months ended in Mar. 2024 was ¥640 Mil.

Shandong Tengda Fasten Tech Co Change In Receivables Historical Data

The historical data trend for Shandong Tengda Fasten Tech 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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Shandong Tengda Fasten Tech Co Change In Receivables Chart

Shandong Tengda Fasten Tech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-14.75

-53.34

-120.56

-297.85

184.33

Shandong Tengda Fasten Tech Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial							-	-	-	-	-

Shandong Tengda Fasten Tech 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.

Shandong Tengda Fasten Tech Co (SZSE:001379) 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.

Shandong Tengda Fasten Tech 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
=	139.921	/	412.034	*	91
=	30.99

2. In Ben Graham's calculation of liquidation value, Shandong Tengda Fasten Tech Co's accounts receivable are only considered to be worth 75% of book value:

Shandong Tengda Fasten Tech 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)
=	868.994	-	559.57	+	0.75 * 139.921	+	0.5 * 450.708
=	640

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Shandong Tengda Fasten Tech Co (SZSE:001379) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Tengda Fasten Tech Co Ltd (SZSE:001379) » Definitions » Change In Receivables

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Shandong Tengda Fasten Tech Co Ltd is engaged in research and development, production and sales of stainless steel fastener products. Its product include bolt, nut, screws, washer, rivet, wood etc.

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