Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Change In Receivables : ¥0 Mil (TTM As of Sep. 2024)

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What is Jiangsu Rainbow Heavy Industries Co Change In Receivables?

Jiangsu Rainbow Heavy Industries Co's change in receivables for the quarter that ended in Sep. 2024 was ¥0 Mil. It means Jiangsu Rainbow Heavy Industries Co's Accounts Receivable stayed the same from Jun. 2024 to Sep. 2024 .

Jiangsu Rainbow Heavy Industries Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-450 Mil. It means Jiangsu Rainbow Heavy Industries Co's Accounts Receivable increased by ¥450 Mil from Dec. 2022 to Dec. 2023 .

Jiangsu Rainbow Heavy Industries Co's Accounts Receivable for the quarter that ended in Sep. 2024 was ¥1,308 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. Jiangsu Rainbow Heavy Industries Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 59.71.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Jiangsu Rainbow Heavy Industries Co's liquidation value for the three months ended in Sep. 2024 was ¥-902 Mil.

Jiangsu Rainbow Heavy Industries Co Change In Receivables Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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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Jiangsu Rainbow Heavy Industries Co Change In Receivables Chart

Jiangsu Rainbow Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-541.33

18.72

-858.24

-598.36

-449.86

Jiangsu Rainbow Heavy Industries Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Jiangsu Rainbow Heavy Industries 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) 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.

Jiangsu Rainbow Heavy Industries Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1308.354	/	1999.37	*	91
=	59.71

2. In Ben Graham's calculation of liquidation value, Jiangsu Rainbow Heavy Industries Co's accounts receivable are only considered to be worth 75% of book value:

Jiangsu Rainbow Heavy Industries Co's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3443.569	-	5894.743	+	0.75 * 1308.354	+	0.5 * 1135.18
=	-902

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Jiangsu Rainbow Heavy Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010

Website

http://www.jiangsurhi.com

Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.

Executives

Sha Ming Jun	Director
Wu Jian	Directors, executives
Xie Gui Xing	Directors, executives, directors
Sun Jian Cheng	Executives
Li Xiao Qin	Executives
Lin Bo	Executives

Jiangsu Rainbow Heavy Industries Co Headlines

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