Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Change In Receivables : ¥0 Mil (TTM As of Dec. 2023)

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What is Shandong Liancheng Precision Manufacturing Co Change In Receivables?

Shandong Liancheng Precision Manufacturing Co's change in receivables for the quarter that ended in Dec. 2023 was ¥0 Mil. It means Shandong Liancheng Precision Manufacturing Co's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Shandong Liancheng Precision Manufacturing Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-38 Mil. It means Shandong Liancheng Precision Manufacturing Co's Accounts Receivable increased by ¥38 Mil from Dec. 2022 to Dec. 2023 .

Shandong Liancheng Precision Manufacturing Co's Accounts Receivable for the quarter that ended in Dec. 2023 was ¥226 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 Liancheng Precision Manufacturing Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 81.08.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shandong Liancheng Precision Manufacturing Co's liquidation value for the three months ended in Dec. 2023 was ¥-509 Mil.

Shandong Liancheng Precision Manufacturing Co Change In Receivables Historical Data

The historical data trend for Shandong Liancheng Precision Manufacturing 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 Liancheng Precision Manufacturing Co Change In Receivables Chart

Shandong Liancheng Precision Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-50.83

-215.44

-99.08

-32.59

-38.31

Shandong Liancheng Precision Manufacturing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Shandong Liancheng Precision Manufacturing 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Shandong Liancheng Precision Manufacturing Co (SZSE:002921) 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 Liancheng Precision Manufacturing Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	226.453	/	254.848	*	91
=	81.08

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

Shandong Liancheng Precision Manufacturing Co's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	259.025	-	1088.108	+	0.75 * 226.453	+	0.5 * 299.689
=	-509

Shandong Liancheng Precision Manufacturing Co Change In Receivables Related Terms

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Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Liancheng Precision Manufacturing Co Ltd (SZSE:002921) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Chuangye Road, Economic Development Zone, Yanzhou, CHN, 272100

Website

http://www.lmc-ind.com

Shandong Liancheng Precision Manufacturing Co Ltd is a China-based company, engages in the development, design, production, and sales of precision castings, such as high-strength ductile iron and aluminum alloy castings. Its main products are automobile pump shell, frame, flange, damping wheel/ring, oil pump shell and others. Its products are used in passenger cars, commercial vehicles, diesel engines, construction machinery, commercial compressors, hydraulic machinery and other industries or fields.

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