Suzhou Hengmingda Electronic Technology Co (SZSE:002947) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Suzhou Hengmingda Electronic Technology Co Change In Receivables?

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

Suzhou Hengmingda Electronic Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-213 Mil. It means Suzhou Hengmingda Electronic Technology Co's Accounts Receivable increased by ¥213 Mil from Dec. 2022 to Dec. 2023 .

Suzhou Hengmingda Electronic Technology Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥697 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. Suzhou Hengmingda Electronic Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 149.70.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Suzhou Hengmingda Electronic Technology Co's liquidation value for the three months ended in Mar. 2024 was ¥1,087 Mil.

Suzhou Hengmingda Electronic Technology Co Change In Receivables Historical Data

The historical data trend for Suzhou Hengmingda Electronic Technology 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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Suzhou Hengmingda Electronic Technology Co Change In Receivables Chart

Suzhou Hengmingda Electronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-38.71

53.49

-390.72

-124.39

-212.94

Suzhou Hengmingda Electronic Technology 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															-	-	-	-	-

Suzhou Hengmingda Electronic Technology 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.

Suzhou Hengmingda Electronic Technology Co (SZSE:002947) 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.

Suzhou Hengmingda Electronic Technology 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
=	697.491	/	425.169	*	91
=	149.70

2. In Ben Graham's calculation of liquidation value, Suzhou Hengmingda Electronic Technology Co's accounts receivable are only considered to be worth 75% of book value:

Suzhou Hengmingda Electronic Technology 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)
=	1023.537	-	554.466	+	0.75 * 697.491	+	0.5 * 189.188
=	1,087

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Suzhou Hengmingda Electronic Technology Co (SZSE:002947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Hengmingda Electronic Technology Co Ltd (SZSE:002947) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1568 Shipai Taki Road, Bacheng Town, Jiangsu Province, Kunshan City, CHN, 215312

Website

http://www.hengmingda.com

Suzhou Hengmingda Electronic Technology Co Ltd is a technology company. The company is engaged in the design, development, production and sales of consumer electronic functional devices. The products have been widely used in consumer electronics and components such as mobile phones, tablet computers, notebook computers, smart wearable devices.

Executives

Jing Shi Ping	Director
Jing Jing Ping	Secretary, Director
Jing Jiang	Executives
Qi Jun	Directors, executives
Xia Chen	Executives
Zhu Xiao Hua	Director
Wu Zhi Xing	Executives
Jing Tian Ping	Directors, executives

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