Zhejiang Extek Technology Co (SZSE:301399) Change In Receivables : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Extek Technology Co Change In Receivables?

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

Zhejiang Extek Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was ¥35.0 Mil. It means Zhejiang Extek Technology Co's Accounts Receivable declined by ¥35.0 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Extek Technology Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ¥128.0 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. Zhejiang Extek Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 134.47.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zhejiang Extek Technology Co's liquidation value for the three months ended in Mar. 2024 was ¥890.2 Mil.

Zhejiang Extek Technology Co Change In Receivables Historical Data

The historical data trend for Zhejiang Extek 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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Zhejiang Extek Technology Co Change In Receivables Chart

Zhejiang Extek Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-5.77

-36.40

-62.29

-109.46

35.02

Zhejiang Extek Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial												-	-	-	-	-

Zhejiang Extek 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.

Zhejiang Extek Technology Co (SZSE:301399) 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.

Zhejiang Extek 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
=	127.969	/	86.839	*	91
=	134.47

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

Zhejiang Extek 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)
=	815.254	-	54.836	+	0.75 * 127.969	+	0.5 * 67.666
=	890.2

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Zhejiang Extek Technology Co (SZSE:301399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Extek Technology Co Ltd (SZSE:301399) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 468, Lesan Road, Dipu Street, Anji County, Zhejiang Province, Huzhou, CHN, 313300

Website

http://www.extek.com.cn

Zhejiang Extek Technology Co Ltd is a high-tech enterprise specializing in the research, development, production and sales of high-efficiency heat exchangers. Its products mainly include high-efficiency new shell-and-tube heat exchangers, and coaxial casing heat Products such as heat exchangers and distributors, as the core components of heat pumps and air conditioners, are widely used in heating, hot water, refrigeration, industrial and agricultural production and other fields.

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