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Shanghai Hongda New Material Co (SZSE:002211) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)


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What is Shanghai Hongda New Material Co Change In Receivables?

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

Shanghai Hongda New Material Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥0.4 Mil. It means Shanghai Hongda New Material Co's Accounts Receivable declined by ¥0.4 Mil from Dec. 2022 to Dec. 2023 .

Shanghai Hongda New Material Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥15.1 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. Shanghai Hongda New Material Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 29.85.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shanghai Hongda New Material Co's liquidation value for the three months ended in Mar. 2024 was ¥-59.6 Mil.


Shanghai Hongda New Material Co Change In Receivables Historical Data

The historical data trend for Shanghai Hongda New Material 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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Shanghai Hongda New Material Co Change In Receivables Chart

Shanghai Hongda New Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -291.59 -49.36 -47.92 -69.28 0.41

Shanghai Hongda New Material 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Shanghai Hongda New Material 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.

* 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.


Shanghai Hongda New Material Co  (SZSE:002211) 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.

Shanghai Hongda New Material 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
=15.104/46.166*91
=29.85

2. In Ben Graham's calculation of liquidation value, Shanghai Hongda New Material Co's accounts receivable are only considered to be worth 75% of book value:

Shanghai Hongda New Material 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)
=161.621-246.421+0.75 * 15.104+0.5 * 27.823
=-59.6

* 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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Shanghai Hongda New Material Co (SZSE:002211) Business Description

Traded in Other Exchanges
N/A
Address
Mingzhu Plaza, Jiangsu Province, Yangzhong, CHN, 212200
Shanghai Hongda New Material Co Ltd formerly known as Jiangsu Hongda New Material Co Ltd is engaged in producing high temperature silicone rubber products. The products of the company include die glue, low grade, ordinary molding, flame retardant, ordinary nipple glue, car matching glue, and cable joint glue.
Executives
Xu Liang Hu Independent director
Liu Yan Director
Zhu De Hong Directors, executives
Lu Zhang Quan Director
Zhang Jian Ping Director
Guo Bei Qiong Supervisors
Zhao Zhong Xiu Director
Wu Jun Long Supervisors
Wang Song Executives
Zhang Jian Director
Wang Yun Executives

Shanghai Hongda New Material Co (SZSE:002211) Headlines

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