Shandong Mining Machinery Group Co (SZSE:002526) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Shandong Mining Machinery Group Co Change In Receivables?

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

Shandong Mining Machinery Group Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-514 Mil. It means Shandong Mining Machinery Group Co's Accounts Receivable increased by ¥514 Mil from Dec. 2022 to Dec. 2023 .

Shandong Mining Machinery Group Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,324 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 Mining Machinery Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 290.71.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shandong Mining Machinery Group Co's liquidation value for the three months ended in Mar. 2024 was ¥380 Mil.

Shandong Mining Machinery Group Co Change In Receivables Historical Data

The historical data trend for Shandong Mining Machinery Group 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 Mining Machinery Group Co Change In Receivables Chart

Shandong Mining Machinery Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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27.35

55.19

-233.85

-426.15

-513.77

Shandong Mining Machinery Group 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															-	-	-	-	-

Shandong Mining Machinery Group 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 Mining Machinery Group Co (SZSE:002526) 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 Mining Machinery Group 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
=	1324.233	/	415.665	*	91
=	290.71

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

Shandong Mining Machinery Group 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)
=	838.391	-	1900.202	+	0.75 * 1324.233	+	0.5 * 896.379
=	380

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Shandong Mining Machinery Group Co (SZSE:002526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Mining Machinery Group Co Ltd (SZSE:002526) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mining Machinery Industrial Park, Economic Development Zone, Changle County, Shandong province, Weifang, CHN

Website

http://www.sdkjjt.com

Shandong Mining Machinery Group Co Ltd manufactures and sells various machinery for coal mining, coal washing, mine safety, brick-making, post press packaging, and unmanned aviation industries in China. Its product portfolio comprises UAV, turbojet engines, and aero engines; and robots, 3D printing machines, workshop logistics automation systems, automatic cleaning and die cutting machines, and engineering robots.

Executives

Wang Zi Gang	Directors, executives
Zhu Yun	Supervisors
Yan Feng Chun	Executives
Yang Cheng San	Executives
Ji Feng	Executives
Chen Xue Wei	Directors, executives
Zhao Du Xue	Director
Zhang Yi Zhen	Director
Zhao Shi Wu	Director
Liang Min	Supervisors
	Director
Wang Yue Jiang	Director
Xiao Chang Li	Director
Zhong Zhang You	Director

Shandong Mining Machinery Group Co (SZSE:002526) Headlines

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