GRG Metrology & Test Group Co (SZSE:002967) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is GRG Metrology & Test Group Co Change In Receivables?

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

GRG Metrology & Test Group Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-287 Mil. It means GRG Metrology & Test Group Co's Accounts Receivable increased by ¥287 Mil from Dec. 2022 to Dec. 2023 .

GRG Metrology & Test Group Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,310 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. GRG Metrology & Test Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 203.38.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. GRG Metrology & Test Group Co's liquidation value for the three months ended in Mar. 2024 was ¥-36 Mil.

GRG Metrology & Test Group Co Change In Receivables Historical Data

The historical data trend for GRG Metrology & Test 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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GRG Metrology & Test Group Co Change In Receivables Chart

GRG Metrology & Test Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-324.87

-304.62

-38.67

-179.41

-287.11

GRG Metrology & Test 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															-	-	-	-	-

GRG Metrology & Test 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.

GRG Metrology & Test Group Co (SZSE:002967) 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.

GRG Metrology & Test 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
=	1309.923	/	587.716	*	91
=	203.38

2. In Ben Graham's calculation of liquidation value, GRG Metrology & Test Group Co's accounts receivable are only considered to be worth 75% of book value:

GRG Metrology & Test 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)
=	1245.908	-	2285.752	+	0.75 * 1309.923	+	0.5 * 42.577
=	-36

GRG Metrology & Test Group Co Change In Receivables Related Terms

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GRG Metrology & Test Group Co (SZSE:002967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GRG Metrology & Test Group Co Ltd (SZSE:002967) » Definitions » Change In Receivables

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Address

No. 8, Qishan Road, Room 150, Shiqi Town, Panyu District, Guangdong Province, Guangzhou, CHN, 510656

Website

http://www.grgtest.com

GRG Metrology & Test Group Co Ltd is devoted to standards compiling, product testing and certification, analysis and assessment, consulting and training, test equipment and software research and development, providing state of the art services to various industries including automotive, traffic and rail, communication and electric power and others.

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