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Grade Upon Technology (ROCO:6739) Accounts Receivable : NT$47.0 Mil (As of Dec. 2023)


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What is Grade Upon Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grade Upon Technology's accounts receivables for the quarter that ended in Dec. 2023 was NT$47.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grade Upon Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 67.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grade Upon Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$9.75.


Grade Upon Technology Accounts Receivable Historical Data

The historical data trend for Grade Upon 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.

Grade Upon Technology Accounts Receivable Chart

Grade Upon Technology Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 38.83 37.96 74.67 81.88 46.99

Grade Upon Technology Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 74.67 40.28 81.88 64.73 46.99

Grade Upon Technology Accounts Receivable Calculation

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


Grade Upon 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.

Grade Upon Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=46.988/127.956*91
=67.02

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

Grade Upon Technology's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(261.159+0.75 * 46.988+0.5 * 60.397-130.942
-0-0)/20.076
=9.75

* 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.


Grade Upon Technology Accounts Receivable Related Terms

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Grade Upon Technology (ROCO:6739) Business Description

Traded in Other Exchanges
N/A
Address
No.1, Baotai 6th Road, Hsinchu County, Zhubei, TWN, 30244
Grade Upon Technology Corp is specializing in R&D and design for industrial process equipment and monitoring equipment as the core technology of its IC Design. Its products include IoT fast platform, LG16 / LG216 Liquid flow sensor / Flowmeter, SLQ-HC60 flow meter, ASL-1600 Liquid Flow Meter, MSD online system among others.

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