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Jet Optoelectronics Co (ROCO:2255) Accounts Receivable : NT$189 Mil (As of Dec. 2023)


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What is Jet Optoelectronics Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jet Optoelectronics Co's accounts receivables for the quarter that ended in Dec. 2023 was NT$189 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jet Optoelectronics Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 33.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jet Optoelectronics Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$-3.75.


Jet Optoelectronics Co Accounts Receivable Historical Data

The historical data trend for Jet Optoelectronics 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.

Jet Optoelectronics Co Accounts Receivable Chart

Jet Optoelectronics Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 204.08 205.52 288.39 223.81 189.33

Jet Optoelectronics Co Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 288.39 367.05 223.81 109.38 189.33

Jet Optoelectronics Co Accounts Receivable Calculation

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


Jet Optoelectronics 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.

Jet Optoelectronics 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
=189.334/1032.054*91
=33.48

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

Jet Optoelectronics 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)
=(822.387+0.75 * 189.334+0.5 * 830.195-1604.591
-0-0)/60
=-3.75

* 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.


Jet Optoelectronics Co Accounts Receivable Related Terms

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Jet Optoelectronics Co (ROCO:2255) Business Description

Traded in Other Exchanges
N/A
Address
300 Yangguang Street, Neihu District, 7th Floor, Taipei, TWN, 11491
Jet Optoelectronics Co Ltd is engaged in the automotive electronics industry. It is focused on manufacturing in-car display and rear-seat entertainment systems. The product portfolio of the company includes Seat Top systems, Gooseneck systems, Headrest systems. Connected cars and In-car cam among others.

Jet Optoelectronics Co (ROCO:2255) Headlines

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