Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Change In Receivables : ¥-15 Mil (TTM As of Mar. 2024)

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What is Wuxi Xinhongye Wire And Cable Co Change In Receivables?

Wuxi Xinhongye Wire And Cable Co's change in receivables for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Wuxi Xinhongye Wire And Cable Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Wuxi Xinhongye Wire And Cable Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥-33 Mil. It means Wuxi Xinhongye Wire And Cable Co's Accounts Receivable increased by ¥33 Mil from Dec. 2022 to Dec. 2023 .

Wuxi Xinhongye Wire And Cable Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥921 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. Wuxi Xinhongye Wire And Cable Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 172.89.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Wuxi Xinhongye Wire And Cable Co's liquidation value for the three months ended in Mar. 2024 was ¥249 Mil.

Wuxi Xinhongye Wire And Cable Co Change In Receivables Historical Data

The historical data trend for Wuxi Xinhongye Wire And Cable 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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Wuxi Xinhongye Wire And Cable Co Change In Receivables Chart

Wuxi Xinhongye Wire And Cable Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-54.94

-180.91

-423.33

-561.50

-33.08

Wuxi Xinhongye Wire And Cable Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial											-114.33	-15.40	-	-	-

Wuxi Xinhongye Wire And Cable 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 ¥-15 Mil.

Wuxi Xinhongye Wire And Cable Co (SZSE:301310) 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.

Wuxi Xinhongye Wire And Cable 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
=	921.05	/	486.122	*	91
=	172.89

2. In Ben Graham's calculation of liquidation value, Wuxi Xinhongye Wire And Cable Co's accounts receivable are only considered to be worth 75% of book value:

Wuxi Xinhongye Wire And Cable 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)
=	606.688	-	1157.802	+	0.75 * 921.05	+	0.5 * 218.606
=	249

Wuxi Xinhongye Wire And Cable Co Change In Receivables Related Terms

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Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Xinhongye Wire And Cable Co Ltd (SZSE:301310) » Definitions » Change In Receivables

Traded in Other Exchanges

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Address

No. 17, Hexin Road, Xishan Economic and Technological Development Zone, Jiangsu, Wuxi, CHN, 214101

Website

http://www.xhycable.com

Wuxi Xinhongye Wire And Cable Co Ltd are engaged in Research &Development, production, and sales of photovoltaic cables, new energy vehicle cables, industrial cables, and other special cables. The company has broad market development prospects, and its products are widely used in various industries such as power distribution systems, automobiles, new energy vehicles, electrical wiring harnesses, UPS power supplies, transformers, motors, sensors, thermal protectors, and new energy sources worldwide.

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