Sitronix Technology (TPE:8016) Change In Receivables : NT$-404 Mil (TTM As of Mar. 2024)

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What is Sitronix Technology Change In Receivables?

Sitronix Technology's change in receivables for the quarter that ended in Mar. 2024 was NT$-59 Mil. It means Sitronix Technology's Accounts Receivable increased by NT$59 Mil from Sep. 2023 to Mar. 2024 .

Sitronix Technology's change in receivables for the fiscal year that ended in Dec. 2022 was NT$717 Mil. It means Sitronix Technology's Accounts Receivable declined by NT$717 Mil from Dec. 2021 to Dec. 2022 .

Sitronix Technology's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$1,596 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. Sitronix Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 35.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sitronix Technology's liquidation value for the three months ended in Mar. 2024 was NT$6,307 Mil.

Sitronix Technology Change In Receivables Historical Data

The historical data trend for Sitronix Technology'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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Sitronix Technology Change In Receivables Chart

Sitronix Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-348.80

-68.67

10.81

-588.29

716.82

Sitronix Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Change In Receivables	Get a 7-Day Free Trial															375.99	13.39	-282.09	-63.11	-59.15

Sitronix Technology 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$-404 Mil.

Sitronix Technology (TPE:8016) 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.

Sitronix Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1596.189	/	4149.229	*	91
=	35.10

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

Sitronix Technology'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)
=	10705.028	-	7184.382	+	0.75 * 1596.189	+	0.5 * 3178.043
=	6,307

Sitronix Technology Change In Receivables Related Terms

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Sitronix Technology (TPE:8016) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sitronix Technology Corp (TPE:8016) » Definitions » Change In Receivables

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Address

No. 5, Taiyuan 1st Street, 11th Floor-1, Hsinchu County, Jhubei, TWN, 302

Website

https://www.sitronix.com.tw

Sitronix Technology Corp is a Taiwan-based fabless semiconductor company that is principally engaged in developing, manufacturing, and selling display driver ICs. The company's major products are categorized into three types: mobile display driver ICs; industrial and automotive display driver ICs; and SoC, which refers to touch controller ICs. The company's products are mainly used in entry-level mobile phones, industrial displays, and automotive systems. Mobile display driver ICs account for over half of total revenue. The company has a business presence in Hong Kong, Vietnam, Taiwan, Korea, China and others.

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