International Integrated Systems (ROCO:6614) Accounts Receivable : NT$224 Mil (As of Jun. 2024)

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What is International Integrated Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. International Integrated Systems's accounts receivables for the quarter that ended in Jun. 2024 was NT$224 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. International Integrated Systems's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was NT$-10.78.

International Integrated Systems Accounts Receivable Historical Data

The historical data trend for International Integrated Systems'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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International Integrated Systems Accounts Receivable Chart

International Integrated Systems Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

316.13

322.48

1,019.18

International Integrated Systems Quarterly Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	316.13	322.48	-	1,019.18	223.88

International Integrated Systems Accounts Receivable Calculation

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

International Integrated Systems 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.

International Integrated Systems's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	223.877	/	0	*	91
=

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

International Integrated Systems'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)
=	(512.295	+	0.75 * 223.877	+	0.5 * 260.698	-	1597.011
-	0	-	0)	/	72.9355
=	-10.78

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.

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International Integrated Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » International Integrated Systems Inc (ROCO:6614) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xianmin Boulevard, 6th Floor, N0. 7, Sec. 2, Banqiao District, New Taipei City, TWN, 22041

Website

https://www.iisigroup.com

International Integrated Systems Inc is an information and communication technology company. The company is engaged in system implementation and software development. The services provided by the company are Applications Development, Outsourcing and Globalization Services, Security Management and Consulting Services, Systems Integration and IT Maintenance Services, Business Solution Distribution, and others.

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