Eland Information Co (ROCO:6925) Accounts Receivable : NT$28.4 Mil (As of Jun. 2024)

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What is Eland Information Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Eland Information Co's accounts receivables for the quarter that ended in Jun. 2024 was NT$28.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Eland Information Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 30.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Eland Information Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was NT$10.89.

Eland Information Co Accounts Receivable Historical Data

The historical data trend for Eland Information 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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Eland Information Co Accounts Receivable Chart

Eland Information Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

24.54

20.55

27.13

31.50

31.07

Eland Information Co Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial			28.08	31.50	25.67	31.07	28.44

Eland Information Co Accounts Receivable Calculation

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

Eland Information 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.

Eland Information Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	28.442	/	84.179	*	91
=	30.83

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

Eland Information Co'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)
=	(255.393	+	0.75 * 28.442	+	0.5 * 0	-	84.666
-	0	-	0)	/	17.644
=	10.89

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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Eland Information Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eland Information Co Ltd (ROCO:6925) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

No. 184, Section 4, Xinyi Road, 6th Floor, Daan District, Taipei, TWN, 106

Website

https://www.eland.com.tw

Eland Information Co Ltd is a intelligent data analysis company in China. It specializes in the research and development of cutting-edge software technologies such as search, automatic semantics, and network community analysis. It aims to combine data analysis technology with the development of the Internet and become the world's top software technology research and development company.

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