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Qifeng New Material Co (SZSE:002521) Change In Receivables : ¥0 Mil (TTM As of Jun. 2024)


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What is Qifeng New Material Co Change In Receivables?

Qifeng New Material Co's change in receivables for the quarter that ended in Jun. 2024 was ¥0 Mil. It means Qifeng New Material Co's Accounts Receivable stayed the same from Mar. 2024 to Jun. 2024 .

Qifeng New Material Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-224 Mil. It means Qifeng New Material Co's Accounts Receivable increased by ¥224 Mil from Dec. 2022 to Dec. 2023 .

Qifeng New Material Co's Accounts Receivable for the quarter that ended in Jun. 2024 was ¥765 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. Qifeng New Material Co's Days Sales Outstanding for the three months ended in Jun. 2024 was 77.37.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Qifeng New Material Co's liquidation value for the three months ended in Jun. 2024 was ¥278 Mil.


Qifeng New Material Co Change In Receivables Historical Data

The historical data trend for Qifeng 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.

* Premium members only.

Qifeng New Material Co Change In Receivables Chart

Qifeng 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 -115.23 -173.12 83.56 323.38 -223.81

Qifeng New Material Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - - - -

Qifeng 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 Jun. 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.


Qifeng New Material Co  (SZSE:002521) 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.

Qifeng New Material Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=765.319/902.649*91
=77.37

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

Qifeng New Material Co's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=896.229-1457.405+0.75 * 765.319+0.5 * 530.326
=278

* 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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Qifeng New Material Co Business Description

Traded in Other Exchanges
N/A
Address
No. 22, Qifeng Road, Zhutai Town, Linzi District, Zibo City, CHN, 255432
Qifeng New Material Co Ltd researches develop, manufactures, and supplies decorative base papers, overlay papers, non-woven wall base papers, and flicker overlay papers in China. It also exports its products to different countries and regions.
Executives
Li An Dong Directors, executives
Sun Wen Rong Executives
Yao Yan Lei Secretary Dong
Zhu Hong Sheng Directors, executives
Li Wen Hai Directors, executives
Zhang Shu Fang Executives
Li Xian Ming Executives
Li An Le Executives
Li Xue Feng Director
Liu Yong Gang Supervisors
Zhang Ren Fu Director
Mu Shou Jing Supervisors
Zhang Xiang Zeng Director
Li Bing Quan Directors, executives

Qifeng New Material Co Headlines

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