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Jiangsu Xiuqiang Glasswork Co (SZSE:300160) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)


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What is Jiangsu Xiuqiang Glasswork Co Change In Receivables?

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

Jiangsu Xiuqiang Glasswork Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-53 Mil. It means Jiangsu Xiuqiang Glasswork Co's Accounts Receivable increased by ¥53 Mil from Dec. 2022 to Dec. 2023 .

Jiangsu Xiuqiang Glasswork Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥341 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. Jiangsu Xiuqiang Glasswork Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 78.71.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Jiangsu Xiuqiang Glasswork Co's liquidation value for the three months ended in Mar. 2024 was ¥685 Mil.


Jiangsu Xiuqiang Glasswork Co Change In Receivables Historical Data

The historical data trend for Jiangsu Xiuqiang Glasswork 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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Jiangsu Xiuqiang Glasswork Co Change In Receivables Chart

Jiangsu Xiuqiang Glasswork Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -108.92 -140.11 -28.06 25.97 -53.33

Jiangsu Xiuqiang Glasswork 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Jiangsu Xiuqiang Glasswork 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.

* 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.


Jiangsu Xiuqiang Glasswork Co  (SZSE:300160) 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.

Jiangsu Xiuqiang Glasswork 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
=340.656/394.946*91
=78.71

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

Jiangsu Xiuqiang Glasswork 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)
=902.429-571.617+0.75 * 340.656+0.5 * 198.089
=685

* 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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Jiangsu Xiuqiang Glasswork Co (SZSE:300160) Business Description

Traded in Other Exchanges
N/A
Address
No. 28 Jiangshan Avenue, Suyu District, Jiangsu Province, Suqian, CHN, 223801
Jiangsu Xiuqiang Glasswork Co Ltd produces and sells crystal color glass for home appliances, solar energy glass, TCO glass and Low-e glass.
Executives
Wang Bin Supervisors
Zhao Qing Zhong Executives
Zhang Bai Heng Independent director
Zhou Chong Ming Executives
Lu Xiu Qiang Directors, executives
Zhu Bin Supervisors
Lu Xiu Zhen Director

Jiangsu Xiuqiang Glasswork Co (SZSE:300160) Headlines

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