Shinkong Synthetic Fiber (TPE:1409) Change In Receivables : NT$-10,377 Mil (TTM As of Mar. 2024)

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What is Shinkong Synthetic Fiber Change In Receivables?

Shinkong Synthetic Fiber's change in receivables for the quarter that ended in Mar. 2024 was NT$-4,224 Mil. It means Shinkong Synthetic Fiber's Accounts Receivable increased by NT$4,224 Mil from Dec. 2023 to Mar. 2024 .

Shinkong Synthetic Fiber's change in receivables for the fiscal year that ended in Dec. 2023 was NT$-8,771 Mil. It means Shinkong Synthetic Fiber's Accounts Receivable increased by NT$8,771 Mil from Dec. 2022 to Dec. 2023 .

Shinkong Synthetic Fiber's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$19,537 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. Shinkong Synthetic Fiber's Days Sales Outstanding for the three months ended in Mar. 2024 was 170.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shinkong Synthetic Fiber's liquidation value for the three months ended in Mar. 2024 was NT$-114,176 Mil.

Shinkong Synthetic Fiber Change In Receivables Historical Data

The historical data trend for Shinkong Synthetic Fiber'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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Shinkong Synthetic Fiber Change In Receivables Chart

Shinkong Synthetic Fiber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-3,157.24

-8,324.28

-9,212.56

6,192.19

-8,770.58

Shinkong Synthetic Fiber Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-2,617.03	-3,714.99	1,548.57	-3,987.13	-4,223.80

Shinkong Synthetic Fiber 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-10,377 Mil.

Shinkong Synthetic Fiber (TPE:1409) 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.

Shinkong Synthetic Fiber's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19536.845	/	10464.892	*	91
=	170.35

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

Shinkong Synthetic Fiber's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	26116.099	-	157939.966	+	0.75 * 19536.845	+	0.5 * 5990.29
=	-114,176

Shinkong Synthetic Fiber Change In Receivables Related Terms

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Shinkong Synthetic Fiber (TPE:1409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinkong Synthetic Fiber Corp (TPE:1409) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Ren Ai Road, Section 3, Lotus Building, 5th Floor, Da An District, Taipei, TWN, 10657

Website

http://www.shinkong.com.tw

Shinkong Synthetic Fiber Corp is a Taiwan-based company that is principally engaged in the production and distribution of chemical fiber products and plastic products. The company's chemical fiber products include polyester staple fibers, polyester filaments, industrial yarn, draw textured yarn, and others. The plastic products consist of polyester resin, bottle grade resin, PET bottle preforms, PET bottles, Engineering polymers, and PE sheets. The company generates the majority of its total revenue from chemical fiber products and plastic products. The company mainly conducts operations in Asia and Europe and generates the majority of its total revenue from the Asia market.

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