Zhong Fu Tong Group Co (SZSE:300560) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhong Fu Tong Group Co Change In Receivables?

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

Zhong Fu Tong Group Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-103 Mil. It means Zhong Fu Tong Group Co's Accounts Receivable increased by ¥103 Mil from Dec. 2022 to Dec. 2023 .

Zhong Fu Tong Group Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥1,060 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. Zhong Fu Tong Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 263.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhong Fu Tong Group Co's liquidation value for the three months ended in Mar. 2024 was ¥-123 Mil.

Zhong Fu Tong Group Co Change In Receivables Historical Data

The historical data trend for Zhong Fu Tong 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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Zhong Fu Tong Group Co Change In Receivables Chart

Zhong Fu Tong Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-184.13

-233.48

-513.63

99.13

-103.43

Zhong Fu Tong 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															-	-	-	-	-

Zhong Fu Tong 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.

Zhong Fu Tong Group Co (SZSE:300560) 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.

Zhong Fu Tong 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
=	1060.194	/	367.068	*	91
=	263.56

2. In Ben Graham's calculation of liquidation value, Zhong Fu Tong Group Co's accounts receivable are only considered to be worth 75% of book value:

Zhong Fu Tong 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)
=	661.424	-	1618.632	+	0.75 * 1060.194	+	0.5 * 77.914
=	-123

Zhong Fu Tong Group Co Change In Receivables Related Terms

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Zhong Fu Tong Group Co (SZSE:300560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhong Fu Tong Group Co Ltd (SZSE:300560) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Software Avenue, Tongpan Road, Software Park, No. 89, Floors 20, 21, 22, Building 4, F Zone, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

http://www.zftii.com

Zhong Fu Tong Group Co Ltd operates in the communication technology service industry. The company is mainly engaged in the communication network construction, maintenance, and optimization services. In addition, the company also provides system solutions such as ad hoc networks, ICTs, and the Internet of Things. The company primarily serves the people's liberation army, the armed police, government functions and communications operators such as China Mobile, China Telecom, China Unicom, China Tower as well as communication equipment suppliers.

Executives

Ke Hong Hui	Director
Chen Rong Jie	Director
Huang Xiao Ming	Supervisors
Yang Wei Min	Independent director
Wang Bei Yi	Supervisors

Zhong Fu Tong Group Co (SZSE:300560) Headlines

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