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home / news releases / XIN - Xinyuan Real Estate And The Adoption Of ASC606: Where Are We Now?


XIN - Xinyuan Real Estate And The Adoption Of ASC606: Where Are We Now?

Elliott R. Morss ©All Rights Reserved

Introduction

In the last few months, Xinyuan (XIN) has sold off sharply. And an important reason for this sell-off is the misleading downturn in quarterly reports resulting from the adoption of the ASC606 accounting method. Adoption of ASC606 delays the dates on which sales can be recorded. There is reason to wonder when the effects of this accounting change be fully registered. In what follows, recent before and after ASC606 data are examined. The conclusion is that the sale delays resulting from the accounting adjustment have been

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Stock Information

Company Name: Xinyuan Real Estate Co Ltd American Depositary Shares
Stock Symbol: XIN
Market: NYSE
Website: xyre.com

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