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Hua Yang Precision Machinery Co (ROCO:6983) Accounts Receivable : NT$39.5 Mil (As of Jun. 2024)


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What is Hua Yang Precision Machinery Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hua Yang Precision Machinery Co's accounts receivables for the quarter that ended in Jun. 2024 was NT$39.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hua Yang Precision Machinery Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 52.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hua Yang Precision Machinery Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was NT$-0.28.

Hua Yang Precision Machinery Co Accounts Receivable Historical Data

The historical data trend for Hua Yang Precision Machinery 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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Hua Yang Precision Machinery Co Accounts Receivable Chart

Hua Yang Precision Machinery Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
12.45 33.21 76.99 84.79 53.88

Hua Yang Precision Machinery Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Accounts Receivable Get a 7-Day Free Trial - 84.79 41.74 53.88 39.48

Hua Yang Precision Machinery Co Accounts Receivable Calculation

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

Hua Yang Precision Machinery 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.

Hua Yang Precision Machinery 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
=39.482/136.287*91
=52.87

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

Hua Yang Precision Machinery 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)
=(240.844+0.75 * 39.482+0.5 * 65.816-307.843
-0-0)/15.9
=-0.28

* 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.

Hua Yang Precision Machinery Co Accounts Receivable Related Terms

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Hua Yang Precision Machinery Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hua Yang Precision Machinery Co Ltd (ROCO:6983) » Definitions » Accounts Receivable
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 360, Zhengnan 3rd Road, Yongkang District, Tainan, TWN, 710
Website
https://www.hua-yang.com.tw
Hua Yang Precision Machinery Co Ltd is engaged in research and development of suitable equipment for inspection, measurement, and automated production, to help its clients shorten their production time. Its product category comprises of Automated Optical Inspection, Automation Solution and Others.

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