Zhonghang Electronic Measuring Instruments Co (SZSE:300114) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhonghang Electronic Measuring Instruments Co Change In Receivables?

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

Zhonghang Electronic Measuring Instruments Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-28 Mil. It means Zhonghang Electronic Measuring Instruments Co's Accounts Receivable increased by ¥28 Mil from Dec. 2022 to Dec. 2023 .

Zhonghang Electronic Measuring Instruments Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,076 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. Zhonghang Electronic Measuring Instruments Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 301.52.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhonghang Electronic Measuring Instruments Co's liquidation value for the three months ended in Mar. 2024 was ¥-23 Mil.

Zhonghang Electronic Measuring Instruments Co Change In Receivables Historical Data

The historical data trend for Zhonghang Electronic Measuring Instruments 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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Zhonghang Electronic Measuring Instruments Co Change In Receivables Chart

Zhonghang Electronic Measuring Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-52.49

-141.05

-324.00

-215.56

-28.25

Zhonghang Electronic Measuring Instruments 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															-	-	-	-	-

Zhonghang Electronic Measuring Instruments 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.

Zhonghang Electronic Measuring Instruments Co (SZSE:300114) 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.

Zhonghang Electronic Measuring Instruments 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
=	1076.252	/	325.705	*	91
=	301.52

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

Zhonghang Electronic Measuring Instruments 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)
=	311.301	-	1491.546	+	0.75 * 1076.252	+	0.5 * 700.094
=	-23

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Zhonghang Electronic Measuring Instruments Co (SZSE:300114) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

PO Box 2, Hanzhong, CHN, 723007

Website

http://www.zemic.com.cn

Zhonghang Electronic Measuring Instruments Co Ltd develops, manufactures, and sells electronic measuring products. It offers strain gages, strain gage-based sensors, weighing indicators and software, testing and measuring systems for the aviation industry, automobile performance, and environmental detection systems, automobile driver intelligent training systems, remote networking regulatory network platform, on- board weighing control systems, automatic systems, and precision mechanical.

Executives

Huang Ping	Director
Liu Dong Ping	Directors, executives
Kang Xue Jun	Director
Yang Zhang Huai	Executives
Hu Yang Lin	Executives
Nan Xin Xing	Executives
Zhang Zhi Gang	Executives
Zhao Guo Qing	Executives
Zhou Yu	Executives
Yu Kang	Securities Affairs Representative
Zhao Hui Ying	Independent director
Luo Bao Jun	Director

Zhonghang Electronic Measuring Instruments Co (SZSE:300114) Headlines

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