Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Shanghai SK Petroleum & Chemical Equipment Change In Receivables?

Shanghai SK Petroleum & Chemical Equipment's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Shanghai SK Petroleum & Chemical Equipment's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Shanghai SK Petroleum & Chemical Equipment's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-97.5 Mil. It means Shanghai SK Petroleum & Chemical Equipment's Accounts Receivable increased by ¥97.5 Mil from Dec. 2022 to Dec. 2023 .

Shanghai SK Petroleum & Chemical Equipment's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥462.7 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 SK Petroleum & Chemical Equipment's Days Sales Outstanding for the three months ended in Mar. 2024 was 296.44.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shanghai SK Petroleum & Chemical Equipment's liquidation value for the three months ended in Mar. 2024 was ¥185.4 Mil.

Shanghai SK Petroleum & Chemical Equipment Change In Receivables Historical Data

The historical data trend for Shanghai SK Petroleum & Chemical Equipment'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 SK Petroleum & Chemical Equipment Change In Receivables Chart

Shanghai SK Petroleum & Chemical Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-89.46

-52.97

-158.95

-84.12

-97.47

Shanghai SK Petroleum & Chemical Equipment 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															-	-	-	-	-

Shanghai SK Petroleum & Chemical Equipment 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.

Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) 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 SK Petroleum & Chemical Equipment's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	462.665	/	142.418	*	91
=	296.44

2. In Ben Graham's calculation of liquidation value, Shanghai SK Petroleum & Chemical Equipment's accounts receivable are only considered to be worth 75% of book value:

Shanghai SK Petroleum & Chemical Equipment'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)
=	192.545	-	571.459	+	0.75 * 462.665	+	0.5 * 434.663
=	185.4

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Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai SK Petroleum & Chemical Equipment Corp Ltd (SZSE:002278) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1769 Puxing Highway, Pujiang Town, Minhang District, Shanghai, Shanghai, CHN, 201114

Website

http://www.shenkai.com

Shanghai SK Petroleum & Chemical Equipment Corp Ltd is engaged in research and development and manufacturing of petrochemical equipment and engineering technology services. The products of the company include well control equipment, wellhead equipment, drilling and mining accessories, drilling instruments, oil analyzers, blowout preventers, and oil and mining drill bits.

Executives

Li Fang Ying	Director
Zhang Guan Jun	Independent director
Tang Wei Min	Executives
Jiang Gan Hong	Supervisors
Zhao Xin Yi	Executives
Gu Cheng Yu	Directors, executives
Huang Jia Liu	Director
Wang Xiang Wei	Director
Kou Yu Ting	Directors, executives
Gu Bing	Directors, Directors, and Executives
Yuan Jian Xin	Director
Wang Min	Executives
Chen Zhi Min	Supervisors
Gu Zheng	Director
Hu Shou Jun	Independent director

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