CITIC Envirotech (TPE:911610) Change In Receivables : NT$-15,312 Mil (TTM As of Sep. 2019)

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What is CITIC Envirotech Change In Receivables?

CITIC Envirotech's change in receivables for the quarter that ended in Sep. 2019 was NT$-1,296 Mil. It means CITIC Envirotech's Accounts Receivable increased by NT$1,296 Mil from Jun. 2019 to Sep. 2019 .

CITIC Envirotech's change in receivables for the fiscal year that ended in Dec. 2018 was NT$-20,726 Mil. It means CITIC Envirotech's Accounts Receivable increased by NT$20,726 Mil from Dec. 2017 to Dec. 2018 .

CITIC Envirotech's Accounts Receivable for the quarter that ended in Sep. 2019 was NT$5,608 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. CITIC Envirotech's Days Sales Outstanding for the three months ended in Sep. 2019 was 138.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CITIC Envirotech's liquidation value for the three months ended in Sep. 2019 was NT$-46,414 Mil.

CITIC Envirotech Change In Receivables Historical Data

The historical data trend for CITIC Envirotech'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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CITIC Envirotech Change In Receivables Chart

CITIC Envirotech Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

Change In Receivables

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-396.26

-1,588.23

-500.07

-10,757.19

-20,726.21

CITIC Envirotech Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Change In Receivables	Get a 7-Day Free Trial															-3,571.26	-11,791.04	82.73	-2,307.99	-1,296.14

CITIC Envirotech 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-15,312 Mil.

CITIC Envirotech (TPE:911610) 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.

CITIC Envirotech's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5607.809	/	3702.305	*	91
=	138.21

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

CITIC Envirotech's liquidation value for the quarter that ended in Sep. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	11732.19	-	62765.555	+	0.75 * 5607.809	+	0.5 * 826.708
=	-46,414

CITIC Envirotech Change In Receivables Related Terms

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CITIC Envirotech (TPE:911610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CITIC Envirotech Ltd (TPE:911610) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

10 Science Park Road, No. 01-01 The Alpha, Singapore, SGP, 117684

Website

http://www.citicenvirotech.com

CITIC Envirotech Ltd is a provider of membrane-based integrated environmental solutions. The company manufactures membrane products whose technologies are applied for the treatment and recycling of wastewater. Its principal activities include design, fabrication, installation, and commissioning of water and wastewater systems. The company operates through two segments. Its Engineering and membrane system comprises of Engineering and Membrane system sales. The Treatment segment is engaged in the rendering of wastewater treatment services and the Membrane manufacturing and sales segment manufactures and sells polymers. The company's geographical area of operation includes the People's Republic of China, the United States of America and Malaysia.

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