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Princeton Technology (ROCO:6129) Accounts Receivable : NT$232 Mil (As of Mar. 2024)


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What is Princeton Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Princeton Technology's accounts receivables for the quarter that ended in Mar. 2024 was NT$232 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Princeton Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 71.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Princeton Technology's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$4.08.


Princeton Technology Accounts Receivable Historical Data

The historical data trend for Princeton Technology'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.

Princeton Technology Accounts Receivable Chart

Princeton Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 187.98 180.25 254.65 337.73 383.37

Princeton Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 383.37 386.10 288.55 270.35 232.31

Princeton Technology Accounts Receivable Calculation

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


Princeton Technology 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=232.306/295.051*91
=71.84

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

Princeton Technology'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)
=(740.961+0.75 * 232.306+0.5 * 526.074-260.961
-0-179.397)/180.944
=4.08

* 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.


Princeton Technology Accounts Receivable Related Terms

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Princeton Technology (ROCO:6129) Business Description

Traded in Other Exchanges
N/A
Address
No. 233-1, Baociao Road, 2nd Floor, Sindian District, New Taipei City, TWN, 23145
Princeton Technology Corp is engaged in the development, design, testing and sales of consumer integrated circuits (ICs). Its products include Display Driver ICs, Multimedia Audio Controller ICs, Motor Driver ICs, RF ICs, Encoder/Decoder ICs, Remote Control ICs, and ASICs and are suitable for a wide range of applications, including automotive dashboard and multimedia devices, portable audio players, digital TVs, home audio/video appliances, DSCs, DSLRs, monitoring cameras, and car security systems. Geographically, the activities are carried out in Taiwan, Japan, Korea, Mainland China(including HK) and others.

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