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Alpha Imaging Technology (ROCO:3538) Accounts Receivable : NT$131.7 Mil (As of Dec. 2014)


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What is Alpha Imaging Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Alpha Imaging Technology's accounts receivables for the quarter that ended in Dec. 2014 was NT$131.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Alpha Imaging Technology's Days Sales Outstanding for the quarter that ended in Dec. 2014 was 58.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Alpha Imaging Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was NT$8.08.


Alpha Imaging Technology Accounts Receivable Historical Data

The historical data trend for Alpha Imaging Technology's Accounts Receivable 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.

Alpha Imaging Technology Accounts Receivable Chart

Alpha Imaging Technology Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Accounts Receivable
Get a 7-Day Free Trial 201.10 153.64 117.70 115.54 131.66

Alpha Imaging Technology Semi-Annual Data
Jun10 Dec10 Jun11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 117.70 190.95 115.54 98.67 131.66

Alpha Imaging Technology Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Alpha Imaging Technology Accounts Receivable 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 receivables are being managed.

Alpha Imaging Technology's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=131.659/413.508*91
=58.11

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Alpha Imaging Technology's accounts receivable are only considered to be worth 75% of book value:

Alpha Imaging Technology's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2014 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(431.235+0.75 * 131.659+0.5 * 66.88-113.193
-0-0)/55.713
=8.08

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Alpha Imaging Technology Accounts Receivable Related Terms

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Alpha Imaging Technology (ROCO:3538) Business Description

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Alpha Imaging Technology Corp. operates as an integrated chip fabless design company. It offers integrated mobile multimedia processors and image signal processing products for camera phones and multimedia phones.

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