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Wanshih Electronics Co (ROCO:6134) Accounts Receivable : NT$500 Mil (As of Dec. 2024)


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What is Wanshih Electronics Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wanshih Electronics Co's accounts receivables for the quarter that ended in Dec. 2024 was NT$500 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wanshih Electronics Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 113.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wanshih Electronics Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was NT$0.67.


Wanshih Electronics Co Accounts Receivable Historical Data

The historical data trend for Wanshih Electronics 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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Wanshih Electronics Co Accounts Receivable Chart

Wanshih Electronics Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 554.10 501.07 446.84 304.26 500.11

Wanshih Electronics Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 304.26 336.52 425.07 580.82 500.11

Wanshih Electronics Co Accounts Receivable Calculation

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


Wanshih Electronics 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.

Wanshih Electronics Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=500.112/403.626*91
=113.06

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

Wanshih Electronics Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(414.439+0.75 * 500.112+0.5 * 218.9-688.428
-0-160.884)/74.208
=0.67

* 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.


Wanshih Electronics Co Accounts Receivable Related Terms

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Wanshih Electronics Co Business Description

Traded in Other Exchanges
N/A
Address
No. 72, Wugong 6th Road, 3rd Floor, Industrial Zone, Wugu District, Taipei, TWN, 248
Wanshih Electronics Co Ltd is mainly engaged in the sales of electronic components, computer and peripheral products, and the production and sale of mini coaxial cables. The company operates in three segments which are Wire Harness Division, China Division, and others. Its Wire Harness Division and China Division manufacture security, medical, and automobile cables by using precision processing technology, and combine high frequency, medical electronics, and 5G millimeter wave radar technologies to shorten the production time and to develop the market of precision high-frequency wireless communication and radar modules.

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