Hit Welding Industry Co (SZSE:301137) Change In Receivables : ¥0 Mil (TTM As of Mar. 2024)

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What is Hit Welding Industry Co Change In Receivables?

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

Hit Welding Industry Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-45 Mil. It means Hit Welding Industry Co's Accounts Receivable increased by ¥45 Mil from Dec. 2022 to Dec. 2023 .

Hit Welding Industry Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥329 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. Hit Welding Industry Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 95.13.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hit Welding Industry Co's liquidation value for the three months ended in Mar. 2024 was ¥216 Mil.

Hit Welding Industry Co Change In Receivables Historical Data

The historical data trend for Hit Welding Industry 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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Hit Welding Industry Co Change In Receivables Chart

Hit Welding Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-22.64

-160.98

-15.20

-39.74

-45.06

Hit Welding Industry Co Quarterly Data
	Dec17	Dec18	Dec19	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														-	-	-	-	-

Hit Welding Industry 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.

Hit Welding Industry Co (SZSE:301137) 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.

Hit Welding Industry 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
=	328.934	/	315.524	*	91
=	95.13

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

Hit Welding Industry 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)
=	523.967	-	721.821	+	0.75 * 328.934	+	0.5 * 334.799
=	216

Hit Welding Industry Co Change In Receivables Related Terms

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Hit Welding Industry Co (SZSE:301137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hit Welding Industry Co Ltd (SZSE:301137) » Definitions » Change In Receivables

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Address

Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102

Website

http://www.htw.cn

Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

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