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Chu Yu Hsiang Co (ROCO:2760) Accounts Receivable : NT$4.5 Mil (As of Jun. 2024)


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What is Chu Yu Hsiang Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chu Yu Hsiang Co's accounts receivables for the quarter that ended in Jun. 2024 was NT$4.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chu Yu Hsiang Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 9.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chu Yu Hsiang Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was NT$-2.64.


Chu Yu Hsiang Co Accounts Receivable Historical Data

The historical data trend for Chu Yu Hsiang 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.

Chu Yu Hsiang Co Accounts Receivable Chart

Chu Yu Hsiang Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
1.48 2.91 2.02 5.60 4.87

Chu Yu Hsiang Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 5.03 5.60 6.55 4.87 4.55

Chu Yu Hsiang Co Accounts Receivable Calculation

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


Chu Yu Hsiang 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.

Chu Yu Hsiang Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.546/84.756*91
=9.79

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

Chu Yu Hsiang Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=(129.867+0.75 * 4.546+0.5 * 0.959-168.061
-0-0)/13
=-2.64

* 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.


Chu Yu Hsiang Co Accounts Receivable Related Terms

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Chu Yu Hsiang Co Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Sec. 1, Huizhong Road, 21st Floor-2,, Xitun District, Taichung, TWN, 407
Chu Yu Hsiang Co Ltd operates a chain of cafe under the Ding Tea brand and sales of related products. The company's product portfolio includes flavored milk, flavored tea, fresh tea, classical flavored tea, yogurt, coffee and chocolate creamy mixture, and creamy milk.

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