Green World Fintech Service Co (ROCO:6763) Accounts Receivable : NT$2 Mil (As of Sep. 2024)

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What is Green World Fintech Service Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Green World Fintech Service Co's accounts receivables for the quarter that ended in Sep. 2024 was NT$2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Green World Fintech Service Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 0.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Green World Fintech Service Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was NT$2.04.

Green World Fintech Service Co Accounts Receivable Historical Data

The historical data trend for Green World Fintech Service 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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Green World Fintech Service Co Accounts Receivable Chart

Green World Fintech Service Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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21.88

0.39

12.08

9.73

6.99

Green World Fintech Service Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															0.52	6.99	0.89	1.51	2.40

Green World Fintech Service Co Accounts Receivable Calculation

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

Green World Fintech Service 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.

Green World Fintech Service Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.401	/	411.374	*	91
=	0.53

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

Green World Fintech Service Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(4104.726	+	0.75 * 2.401	+	0.5 * 0	-	3685.588
-	0	-	46.054)	/	184.039
=	2.04

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.

Green World Fintech Service Co Accounts Receivable Related Terms

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Green World Fintech Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Green World Fintech Service Co Ltd (ROCO:6763) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

No. 19-2, Sanchong Road, 2nd Floor, 6th Floor, Nangang District, Taipei, TWN

Website

https://www.ecpay.com.tw

Green World Fintech Service Co Ltd is a financial technology company in Taiwan. The company develops payment tools for buyers and sellers, from offline payments to credit card transactions. It provides third-party payment services. The main business is a third-party payment service business, and its products are mainly comprehensive financial logistics collection and payment services. services, including credit cards, ATM teller machines, online ATMs, and supermarket strip codes, the four major cash flow management Channels; also provides logistics, electronic invoices, information security and health inspection services, and project system construction services.

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