TJK Machinery (Tianjin) Co (SZSE:300823) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is TJK Machinery (Tianjin) Co Change In Receivables?

TJK Machinery (Tianjin) Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means TJK Machinery (Tianjin) Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

TJK Machinery (Tianjin) Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-76.2 Mil. It means TJK Machinery (Tianjin) Co's Accounts Receivable increased by ¥76.2 Mil from Dec. 2022 to Dec. 2023 .

TJK Machinery (Tianjin) Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥257.3 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. TJK Machinery (Tianjin) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 241.08.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TJK Machinery (Tianjin) Co's liquidation value for the three months ended in Mar. 2024 was ¥295.3 Mil.

TJK Machinery (Tianjin) Co Change In Receivables Historical Data

The historical data trend for TJK Machinery (Tianjin) 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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TJK Machinery (Tianjin) Co Change In Receivables Chart

TJK Machinery (Tianjin) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-43.91

-69.55

-28.37

35.17

-76.20

TJK Machinery (Tianjin) 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															-	-	-	-	-

TJK Machinery (Tianjin) 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.

TJK Machinery (Tianjin) Co (SZSE:300823) 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.

TJK Machinery (Tianjin) 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
=	257.324	/	97.398	*	91
=	241.08

2. In Ben Graham's calculation of liquidation value, TJK Machinery (Tianjin) Co's accounts receivable are only considered to be worth 75% of book value:

TJK Machinery (Tianjin) 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)
=	229.712	-	254.317	+	0.75 * 257.324	+	0.5 * 253.805
=	295.3

TJK Machinery (Tianjin) Co Change In Receivables Related Terms

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TJK Machinery (Tianjin) Co (SZSE:300823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Machinery (Tianjin) Co Ltd (SZSE:300823) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 7 Wuwei Road, Lugang Logistics Equipment Industrial Park, Beichen District, Tianjin, CHN, 300408

Website

https://www.tjkmachinery.com

TJK Machinery (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.

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