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Chien Shing Harbour Service Co (TPE:8367) Accounts Receivable : NT$396 Mil (As of Mar. 2024)


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What is Chien Shing Harbour Service Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chien Shing Harbour Service Co's accounts receivables for the quarter that ended in Mar. 2024 was NT$396 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chien Shing Harbour Service Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 57.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chien Shing Harbour Service Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-131.05.


Chien Shing Harbour Service Co Accounts Receivable Historical Data

The historical data trend for Chien Shing Harbour Service Co'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.

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Chien Shing Harbour Service Co Accounts Receivable Chart

Chien Shing Harbour Service Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 335.26 239.00 352.20 358.89 451.96

Chien Shing Harbour Service Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 297.28 327.86 451.96 395.68

Chien Shing Harbour Service Co Accounts Receivable Calculation

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


Chien Shing Harbour Service Co 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.

Chien Shing Harbour Service Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=395.677/625.09*91
=57.76

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Chien Shing Harbour Service Co's accounts receivable are only considered to be worth 75% of book value:

Chien Shing Harbour Service Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(1062.6+0.75 * 395.677+0.5 * 0-11739.438
-0-1117.557)/87.734
=-131.05

* 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.


Chien Shing Harbour Service Co Accounts Receivable Related Terms

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Chien Shing Harbour Service Co (TPE:8367) Business Description

Traded in Other Exchanges
N/A
Address
No. 150, Section 9, Taiwan Avenue, Wuqi District, Taichung, TWN, 435
Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. Its main business activities include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.

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