Studying the last couple of quarterly results of Sino Grandness raises questions
Even though the revenue stream has steadily increased, the even higher increase of “Trade and Receivable “suggests that the company seems to either give longer and longer payment terms or simply has problems to collect outstanding payments. if we assume 90 days payment terms for the 2nd quarter 2012 it has now increased from 90 to 114, 142, to 179 days in the 1st quarter of this year.
Have I missed something here ?