ChipMOS TECHNOLOGIES (FRA:CPIA) Accounts Receivable : €156.3 Mil (As of Dec. 2023)

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What is ChipMOS TECHNOLOGIES Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ChipMOS TECHNOLOGIES's accounts receivables for the quarter that ended in Dec. 2023 was €156.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ChipMOS TECHNOLOGIES's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 84.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ChipMOS TECHNOLOGIES's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-2.97.

ChipMOS TECHNOLOGIES Accounts Receivable Historical Data

The historical data trend for ChipMOS TECHNOLOGIES'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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ChipMOS TECHNOLOGIES Accounts Receivable Chart

ChipMOS TECHNOLOGIES Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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132.44

156.34

139.75

134.94

156.29

ChipMOS TECHNOLOGIES Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															-	-	134.94	-	156.29

ChipMOS TECHNOLOGIES Accounts Receivable Calculation

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

ChipMOS TECHNOLOGIES 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.

ChipMOS TECHNOLOGIES's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	156.29	/	167.998	*	91
=	84.89

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

ChipMOS TECHNOLOGIES'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)
=	(364.958	+	0.75 * 156.29	+	0.5 * 75.371	-	627.852
-	0	-	0)	/	36.362
=	-2.97

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.

ChipMOS TECHNOLOGIES Accounts Receivable Related Terms

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ChipMOS TECHNOLOGIES (FRA:CPIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ChipMOS TECHNOLOGIES Inc (FRA:CPIA) » Definitions » Accounts Receivable

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Traded in Other Exchanges

IMOS:USA 8150:Taiwan CPIA:Germany

Address

No. 1, R&D Road 1, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.chipmos.com

ChipMOS TECHNOLOGIES Inc provides semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers, and foundries. Its service targets include semiconductor design companies, integrated component manufacturing companies, and semiconductor wafers factories. The company's segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others. The Company derives a majority of its revenue from Taiwan followed by Japan, People's Republic of China, Singapore, and others.