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China Education Resources (TSXV:CHN.H) Change In Receivables : C$-1.29 Mil (TTM As of Sep. 2021)


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What is China Education Resources Change In Receivables?

China Education Resources's change in receivables for the quarter that ended in Sep. 2021 was C$-0.29 Mil. It means China Education Resources's Accounts Receivable increased by C$0.29 Mil from Jun. 2021 to Sep. 2021 .

China Education Resources's change in receivables for the fiscal year that ended in Dec. 2020 was C$0.93 Mil. It means China Education Resources's Accounts Receivable declined by C$0.93 Mil from Dec. 2019 to Dec. 2020 .

China Education Resources's Accounts Receivable for the quarter that ended in Sep. 2021 was C$6.96 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. China Education Resources's Days Sales Outstanding for the three months ended in Sep. 2021 was 276.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Education Resources's liquidation value for the three months ended in Sep. 2021 was C$-3.99 Mil.


China Education Resources Change In Receivables Historical Data

The historical data trend for China Education Resources'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.

* Premium members only.

China Education Resources Change In Receivables Chart

China Education Resources Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 -2.48 1.98 -0.59 0.93

China Education Resources Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.54 2.06 - -3.05 -0.29

China Education Resources 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.29 Mil.

* 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.


China Education Resources  (TSXV:CHN.H) 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.

China Education Resources's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=6.955/2.299*91
=276.05

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

China Education Resources's liquidation value for the quarter that ended in Sep. 2021 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1.74-10.946+0.75 * 6.955+0.5 * 0
=-3.99

* 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.


China Education Resources Change In Receivables Related Terms

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China Education Resources (TSXV:CHN.H) Business Description

Traded in Other Exchanges
N/A
Address
515 West Pender Street, Suite 300, Vancouver, BC, CAN, V6B 6H5
China Education Resources Inc provides an education internet portal with educational content, resources, and training programs to users and distributes educational textbooks and materials developed to bookstores and schools in China. The operations of the company are primarily in two geographic areas: Canada and China. China generates maximum revenue for the company.

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