Shengkai Innovations (Shengkai Innovations) Change In Receivables : $-0.27 Mil (TTM As of Mar. 2013)

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What is Shengkai Innovations Change In Receivables?

Shengkai Innovations's change in receivables for the quarter that ended in Mar. 2013 was $1.17 Mil. It means Shengkai Innovations's Accounts Receivable declined by $1.17 Mil from Dec. 2012 to Mar. 2013 .

Shengkai Innovations's change in receivables for the fiscal year that ended in Jun. 2012 was $3.27 Mil. It means Shengkai Innovations's Accounts Receivable declined by $3.27 Mil from Jun. 2011 to Jun. 2012 .

Shengkai Innovations's Accounts Receivable for the quarter that ended in Mar. 2013 was $6.47 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. Shengkai Innovations's Days Sales Outstanding for the three months ended in Mar. 2013 was 199.29.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shengkai Innovations's liquidation value for the three months ended in Mar. 2013 was $69.26 Mil.

Shengkai Innovations Change In Receivables Historical Data

The historical data trend for Shengkai Innovations'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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Shengkai Innovations Change In Receivables Chart

Shengkai Innovations Annual Data

Trend

Dec05

Dec06

Dec07

Jun08

Jun09

Jun10

Jun11

Jun12

Change In Receivables

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-1.58

-0.74

-2.48

-8.26

3.27

Shengkai Innovations Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Change In Receivables	Get a 7-Day Free Trial															0.20	-3.24	1.07	0.72	1.17

Shengkai Innovations 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.27 Mil.

Shengkai Innovations (OTCPK:VALV) 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.

Shengkai Innovations's Days Sales Outstanding for the quarter that ended in Mar. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.469	/	2.962	*	91
=	199.29

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

Shengkai Innovations's liquidation value for the quarter that ended in Mar. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	66.272	-	3.031	+	0.75 * 6.469	+	0.5 * 2.343
=	69.26

Shengkai Innovations Change In Receivables Related Terms

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Shengkai Innovations (Shengkai Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Shengkai Innovations Inc (OTCPK:VALV) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.106, Zhonghuan South Road, Airport Industrial Park, Tianjin, CHN, 300308

Website

http://www.shengkaiinnovations.com

Shengkai Innovations Inc is a ceramic valve manufacturer with operations in the People's Republic of China.

Executives

Ming He	officer: Chief Financial Officer	NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Martin A. Sumichrast	10 percent owner	11125 COLONIAL COUNTRY LANE, CHARLOTTE NC 28277

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