Shenzhen InfoTech Technologies Co (SZSE:300085) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Shenzhen InfoTech Technologies Co Change In Receivables?

Shenzhen InfoTech Technologies Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Shenzhen InfoTech Technologies Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Shenzhen InfoTech Technologies Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥33.4 Mil. It means Shenzhen InfoTech Technologies Co's Accounts Receivable declined by ¥33.4 Mil from Dec. 2022 to Dec. 2023 .

Shenzhen InfoTech Technologies Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥237.4 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. Shenzhen InfoTech Technologies Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 103.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shenzhen InfoTech Technologies Co's liquidation value for the three months ended in Mar. 2024 was ¥-49.8 Mil.

Shenzhen InfoTech Technologies Co Change In Receivables Historical Data

The historical data trend for Shenzhen InfoTech Technologies 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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Shenzhen InfoTech Technologies Co Change In Receivables Chart

Shenzhen InfoTech Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-100.90

85.27

113.50

30.04

33.40

Shenzhen InfoTech Technologies 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															-	-	-	-	-

Shenzhen InfoTech Technologies 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 ¥0.0 Mil.

Shenzhen InfoTech Technologies Co (SZSE:300085) 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.

Shenzhen InfoTech Technologies 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
=	237.429	/	209.206	*	91
=	103.56

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

Shenzhen InfoTech Technologies 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)
=	325.865	-	601.066	+	0.75 * 237.429	+	0.5 * 94.643
=	-49.8

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Shenzhen InfoTech Technologies Co (SZSE:300085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen InfoTech Technologies Co Ltd (SZSE:300085) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

Shenzhen Tian An Cyber Park, Tianxiang Building Block 5B2 AB, Futian District, Shenzhen, CHN, 518048

Website

http://www.yinzhijie.com

Shenzhen InfoTech Technologies Co Ltd is focused on the financial information industry, providing software products, software development, financial special equipment and technical services to financial institutions such as banks. The company's product line covers bank payment and settlement, risk prevention and control, process re-engineering and self-help.

Executives

Li Jun	Directors, executives
Feng Jun	Director
Chen Xiang Jun	Director
He Ye	Director
He Jian	Independent director
Zhang Xue Jun	Director
Zhou Feng	Supervisors
Xu Qiu Jiang	Executives
Liu Yi	Directors, executives
Yang Jin Min	Supervisors
Tang Jin Xing	Executives
Peng Jian Wen	Executives

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