ZST Digital Networks (ZST Digital Networks) Change In Receivables : $-7.5 Mil (TTM As of Sep. 2011)

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What is ZST Digital Networks Change In Receivables?

ZST Digital Networks's change in receivables for the quarter that ended in Sep. 2011 was $-7.3 Mil. It means ZST Digital Networks's Accounts Receivable increased by $7.3 Mil from Jun. 2011 to Sep. 2011 .

ZST Digital Networks's change in receivables for the fiscal year that ended in Dec. 2010 was $-8.3 Mil. It means ZST Digital Networks's Accounts Receivable increased by $8.3 Mil from Dec. 2009 to Dec. 2010 .

ZST Digital Networks's Accounts Receivable for the quarter that ended in Sep. 2011 was $35.3 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. ZST Digital Networks's Days Sales Outstanding for the three months ended in Sep. 2011 was 64.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ZST Digital Networks's liquidation value for the three months ended in Sep. 2011 was $71.2 Mil.

ZST Digital Networks Change In Receivables Historical Data

The historical data trend for ZST Digital Networks'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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ZST Digital Networks Change In Receivables Chart

ZST Digital Networks Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Change In Receivables

-2.06

-6.01

-2.80

-12.71

-8.31

ZST Digital Networks Quarterly Data
	Dec06	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Change In Receivables	Get a 7-Day Free Trial												1.43	-5.70	11.82	-6.30	-7.28

ZST Digital Networks 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. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.5 Mil.

ZST Digital Networks (OTCPK:ZSTN) 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.

ZST Digital Networks's Days Sales Outstanding for the quarter that ended in Sep. 2011 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	35.28	/	50.195	*	91
=	64.14

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

ZST Digital Networks's liquidation value for the quarter that ended in Sep. 2011 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	55.78	-	11.115	+	0.75 * 35.28	+	0.5 * 0.196
=	71.2

ZST Digital Networks Change In Receivables Related Terms

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ZST Digital Networks (ZST Digital Networks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ZST Digital Networks Inc (OTCPK:ZSTN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 206 Tongbai Road, ITC Kung Kuan, 3rd Floor, No.2 Building, Henan Province, Zhengzhou, CHN, 450007

Website

http://www.zstdigital.com

ZST Digital Networks Inc is a China-based Company, mainly engaged in supplying digital and optical network equipment and providing installation services to cable system operators in China. The Company has developed a line of IPTV devices that are used to provide bundled cable television, Internet and telephone services to residential and commercial customers. The Company has assisted in the installation and construction of over 400 local cable networks in more than 90 municipal districts, counties, townships, and enterprises.

Executives

Richard Rappaport	10 percent owner	1900 AVENUE OF THE STARS, SUITE 301, LOS ANGELES CA 90067
Debbie Schwartzberg	other: No longer a 10% owner	C/O SRKP 1, INC., 1900 AVENUE OF THE STARS, SUITE 310, LOS ANGELES CA 90067
Anthony C Pintsopoulos	other: No longer a 10% owner	1063 HILLSBORO MILE, SUITE 502, HILLSBORO BEACH FL 33062

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