Addcn Technology Co (ROCO:5287) Accounts Receivable

: NT$154 Mil (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Addcn Technology Co's accounts receivables for the quarter that ended in Dec. 2023 was NT$154 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Addcn Technology Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 25.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Addcn Technology Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$2.86.

Addcn Technology Co Accounts Receivable Historical Data

The historical data trend for Addcn Technology 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.

* Premium members only.

Addcn Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

148.42

130.90

127.65

148.13

153.64

Addcn Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																148.13	143.25	135.04	145.53	153.64

Addcn Technology Co Accounts Receivable Calculation

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

Addcn Technology 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.

Addcn Technology Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	153.639	/	552.912	*	91
=	25.36

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

Addcn Technology Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(1604.335	+	0.75 * 153.639	+	0.5 * 0	-	1542.161
-	0	-	17.626)	/	55.8739
=	2.86

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.

Addcn Technology Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Addcn Technology Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Addcn Technology Co (ROCO:5287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Addcn Technology Co Ltd (ROCO:5287) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12, Section 5, Lane 609, Chugshin Road, 10th Floor,, Sanchong District, New Taipei, TWN, 241

Website

https://www.addcn.com

Addcn Technology Co Ltd operates an Internet trading platform and online apparel retail businesses. The company operates www.8591.com.tw, a game item trading platform; www.591.com.tw, a housing leasing network; www.8891.com.tw, a used car trading network, and an HR channel for small and middle enterprises platform, a part-time job APP platform and a platform for interior design. Geographically, it derives a majority of its revenue from Taiwan.

Addcn Technology Co (ROCO:5287) Headlines

No Headlines