Qingsong Health Co (ROCO:6931) Accounts Receivable : NT$57.9 Mil (As of Jun. 2024)

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What is Qingsong Health Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Qingsong Health Co's accounts receivables for the quarter that ended in Jun. 2024 was NT$57.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Qingsong Health Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 22.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Qingsong Health Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was NT$-14.10.

Qingsong Health Co Accounts Receivable Historical Data

The historical data trend for Qingsong Health 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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Qingsong Health Co Accounts Receivable Chart

Qingsong Health Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

15.50

77.51

57.50

39.71

58.76

Qingsong Health Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial				56.69	39.71	54.29	58.76	57.95

Qingsong Health Co Accounts Receivable Calculation

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

Qingsong Health 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.

Qingsong Health 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
=	57.946	/	471.539	*	91
=	22.43

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

Qingsong Health 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)
=	(355.117	+	0.75 * 57.946	+	0.5 * 0.443	-	1212.881
-	0	-	32.732)	/	60.0522
=	-14.10

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.

Qingsong Health Co Accounts Receivable Related Terms

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Qingsong Health Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Qingsong Health Co Ltd (ROCO:6931) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 217, Section 3, Zhongtou West Road, Dali District, Taichung, TWN

Website

https://www.qingsong.com.tw

Qingsong Health Co Ltd is an integrated health and medical care resource, that connects peers and cross-industry cross-domain cooperation. It has three segments Management and advisory segment engages in agent sales of medical consumables, equipment of long-term care to institutions, real estate leasing business, advisory of long-term care services, and related financial consulting services. The long-term care segment is involved in diversified care services such as care of disability, and the Decoration segment is engaged in the interior decoration business.

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