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Softstar Entertainment (ROCO:6111) Accounts Receivable : NT$1,391 Mil (As of Mar. 2024)


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What is Softstar Entertainment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Softstar Entertainment's accounts receivables for the quarter that ended in Mar. 2024 was NT$1,391 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Softstar Entertainment's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 96.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Softstar Entertainment's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-37.93.


Softstar Entertainment Accounts Receivable Historical Data

The historical data trend for Softstar Entertainment'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.

Softstar Entertainment Accounts Receivable Chart

Softstar Entertainment 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 109.24 150.48 134.40 884.95 1,017.95

Softstar Entertainment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,053.38 857.58 782.04 1,017.95 1,391.12

Softstar Entertainment Accounts Receivable Calculation

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


Softstar Entertainment 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.

Softstar Entertainment's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1391.116/1316.412*91
=96.43

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

Softstar Entertainment's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(1243.295+0.75 * 1391.116+0.5 * 911.478-4831.428
-0-1535.162)/95.56
=-37.93

* 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.


Softstar Entertainment Accounts Receivable Related Terms

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Softstar Entertainment (ROCO:6111) Business Description

Traded in Other Exchanges
N/A
Address
Sec. 2, Dunhua S. Road, 22F.-1, No. 77, Da’an District, Taipei, TWN, 106
Softstar Entertainment Inc is engaged in the development and distribution of computer game software. Its products include stand-alone game software, online game software, Web game software, mobile game software, and computer software peripheral products. The Group is organized into business units based on its products and services and has four reportable operating segments as follows: Operating Department, Research and Development Department, Electronic Products Department, and Beauty Products Department. The majority of revenue comes from Research and development and licensing segment.

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