Enli Technology Co (ROCO:7728) Accounts Receivable : NT$21.7 Mil (As of Dec. 2023)

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What is Enli Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Enli Technology Co's accounts receivables for the quarter that ended in Dec. 2023 was NT$21.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Enli Technology Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$14.75.

Enli Technology Co Accounts Receivable Historical Data

The historical data trend for Enli Technology 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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Enli Technology Co Accounts Receivable Chart

Enli Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

19.12

10.15

21.76

Enli Technology Co Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			10.15	-	21.76	21.21	21.67

Enli Technology Co Accounts Receivable Calculation

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

Enli Technology 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.

Enli Technology Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	21.667	/	0	*	91
=

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

Enli Technology Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(389.197	+	0.75 * 21.667	+	0.5 * 108.493	-	278.024
-	0	-	0)	/	12.3141
=	14.75

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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Enli Technology Co (ROCO:7728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Enli Technology Co Ltd (ROCO:7728) » Definitions » Accounts Receivable

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Address

Website

https://www.enlitech-sensor.com

Enli Technology Co Ltd is a company engaged in supplying of silicon photonic components and semiconductor optoelectronic wafer testing equipment with technological innovation , leading products and excellent services. Guangyan Technology 's core technologies include simulated light sources/illuminators, quantum efficiency spectrum analysis and semiconductor optoelectronic chip testing. Guangyan Technology 's products are used in a wide range of industrial fields including semiconductor, Materials, research, Aerospace, car, Electronic components.

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