Shandong Longda Meishi Co (SZSE:002726) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Shandong Longda Meishi Co Change In Receivables?

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

Shandong Longda Meishi Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥288 Mil. It means Shandong Longda Meishi Co's Accounts Receivable declined by ¥288 Mil from Dec. 2022 to Dec. 2023 .

Shandong Longda Meishi Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥419 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 Longda Meishi Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 15.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shandong Longda Meishi Co's liquidation value for the three months ended in Mar. 2024 was ¥-2,403 Mil.

Shandong Longda Meishi Co Change In Receivables Historical Data

The historical data trend for Shandong Longda Meishi 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 Longda Meishi Co Change In Receivables Chart

Shandong Longda Meishi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-459.52

-1,176.83

80.37

297.62

288.07

Shandong Longda Meishi 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 Longda Meishi 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 Longda Meishi Co (SZSE:002726) 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 Longda Meishi 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
=	419.468	/	2523.177	*	91
=	15.17

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

Shandong Longda Meishi 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)
=	1089.229	-	4305.912	+	0.75 * 419.468	+	0.5 * 998.092
=	-2,403

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Shandong Longda Meishi Co (SZSE:002726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Longda Meishi Co Ltd (SZSE:002726) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Food Industrial Park, Shandong Province, Laiyang, CHN, 265200

Website

http://www.longdameat.com

Shandong Longda Meishi Co Ltd is a Chinese company operating in the meat processing industry. It activities include pig breeding, feed production, pig breeding, slaughtering and cutting, and cooked food processing. The company's product portfolio comprises fresh frozen pork, low-temperature meat products, bulk sauce and halogen foods, among others.

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