Jhu Jian Catering Co (ROCO:7723) Accounts Receivable : NT$107 Mil (As of Jun. 2024)

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What is Jhu Jian Catering Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jhu Jian Catering Co's accounts receivables for the quarter that ended in Jun. 2024 was NT$107 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jhu Jian Catering Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 3.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jhu Jian Catering Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was NT$-68.37.

Jhu Jian Catering Co Accounts Receivable Historical Data

The historical data trend for Jhu Jian Catering 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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Jhu Jian Catering Co Accounts Receivable Chart

Jhu Jian Catering Co Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

51.36

78.54

104.43

Jhu Jian Catering Co Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial			-	78.54	60.80	104.43	106.73

Jhu Jian Catering Co Accounts Receivable Calculation

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

Jhu Jian Catering 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.

Jhu Jian Catering 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
=	106.726	/	2858.302	*	91
=	3.41

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

Jhu Jian Catering 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)
=	(690.914	+	0.75 * 106.726	+	0.5 * 80.592	-	3912.881
-	0	-	32.256)	/	45.840
=	-68.37

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.

Jhu Jian Catering Co Accounts Receivable Related Terms

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Jhu Jian Catering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Jhu Jian Catering Co Ltd (ROCO:7723) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Floor, No. 455, Chongde 9th Road, Beitun District, Taichung, TWN

Website

https://www.jhujian.com.tw

Jhu Jian Catering Co Ltd is a company that is a chain catering brand with seafood suppliers, integrating production and sales with Xinfeng Xianhui Aquatic Products to provide a fresh and high-quality seafood supply chain. they choose high-quality and complete food suppliers to provide a variety of selected ingredients that meet food safety standards, Where they combine the concept of "extracting the essence of various ingredients from hundreds of flavors to integrate the characteristics of the ingredients into soups and dishes.

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