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Lung Pien Vacuum Industry Co (ROCO:5267) Accounts Receivable : NT$105.1 Mil (As of Jun. 2024)


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What is Lung Pien Vacuum Industry Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lung Pien Vacuum Industry Co's accounts receivables for the quarter that ended in Jun. 2024 was NT$105.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lung Pien Vacuum Industry Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 70.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lung Pien Vacuum Industry Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was NT$12.24.


Lung Pien Vacuum Industry Co Accounts Receivable Historical Data

The historical data trend for Lung Pien Vacuum Industry 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.

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Lung Pien Vacuum Industry Co Accounts Receivable Chart

Lung Pien Vacuum Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 123.68 175.94 119.35 116.77 116.14

Lung Pien Vacuum Industry Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 149.53 116.77 74.28 116.14 105.10

Lung Pien Vacuum Industry Co Accounts Receivable Calculation

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


Lung Pien Vacuum Industry 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.

Lung Pien Vacuum Industry 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
=105.102/270.291*91
=70.96

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

Lung Pien Vacuum Industry 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)
=(406.47+0.75 * 105.102+0.5 * 124.715-238.102
-0-0)/25.3
=12.24

* 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.


Lung Pien Vacuum Industry Co Accounts Receivable Related Terms

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Lung Pien Vacuum Industry Co Business Description

Traded in Other Exchanges
N/A
Address
No.2, Datong Road, CEPZ Wu-Chi, Yuxi District, Taichung City, TWN
Lung Pien Vacuum Industry Co Ltd is a Taiwan based company engaged in the development and manufacture of vacuum coating machines. The company manufactures large-scale vacuum evaporation equipment. The company offered products can be applied to the coating of lenses, lamps, accessories, digital camera lenses, cell phone lenses and casings, DVD heads and others. Its activities cover sales of vacuum components, coating materials, electron guns, ion guns, vacuum pumps, vacuum pump oil, other vacuum parts materials in Europe, America and Japan, and sales of OLYMPUS series of optical testing instruments and wiping liquids in Japan, such as interferometer, lens reflectance measuring machine, lens eccentric measuring machine and environmentally friendly lens wiping liquid.

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