Shenzhen Chengtian Weiye Technology Co (SZSE:300689) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Shenzhen Chengtian Weiye Technology Co Change In Receivables?

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

Shenzhen Chengtian Weiye Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥61.9 Mil. It means Shenzhen Chengtian Weiye Technology Co's Accounts Receivable declined by ¥61.9 Mil from Dec. 2022 to Dec. 2023 .

Shenzhen Chengtian Weiye Technology Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥66.8 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 Chengtian Weiye Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 87.28.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shenzhen Chengtian Weiye Technology Co's liquidation value for the three months ended in Mar. 2024 was ¥278.2 Mil.

Shenzhen Chengtian Weiye Technology Co Change In Receivables Historical Data

The historical data trend for Shenzhen Chengtian Weiye Technology 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 Chengtian Weiye Technology Co Change In Receivables Chart

Shenzhen Chengtian Weiye Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-4.28

39.50

-43.34

-16.45

61.86

Shenzhen Chengtian Weiye Technology 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 Chengtian Weiye Technology 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 Chengtian Weiye Technology Co (SZSE:300689) 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 Chengtian Weiye Technology 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
=	66.813	/	69.85	*	91
=	87.28

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

Shenzhen Chengtian Weiye Technology 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)
=	284.745	-	77.47	+	0.75 * 66.813	+	0.5 * 41.624
=	278.2

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Shenzhen Chengtian Weiye Technology Co (SZSE:300689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Chengtian Weiye Technology Co Ltd (SZSE:300689) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Tiley Central Plaza,Haide Road 3, No 2604 ,26th Floor,Building C, Nanshan District, Shenzhen, CHN, 518054

Website

http://www.ctwygroup.com

Shenzhen Chengtian Weiye Technology Co Ltd is focused on the development, production, and sales of smart cards, including telecom cards, financial IC cards, and ID cards as well as financial IC card-based manufacturing services for partners. Its products cover the main application areas of smart cards such as mobile communications, financial payments, and public utilities.

Executives

Jing Zai Jun	Directors, executives
Feng Xue Yu	Directors, executives
Song Jia Bin	Director
Jiang Wei Hong	Directors, executives
Wu Qing Li	Supervisors
Lan You Mei	Supervisors
Ceng Yun Bin	Supervisors
Zhang Gui Hong	Independent director

Shenzhen Chengtian Weiye Technology Co (SZSE:300689) Headlines

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