Eastern Union Interactive (ROCO:7738) Accounts Receivable : NT$4.1 Mil (As of Jun. 2024)

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What is Eastern Union Interactive Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Eastern Union Interactive's accounts receivables for the quarter that ended in Jun. 2024 was NT$4.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Eastern Union Interactive's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 3.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Eastern Union Interactive's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was NT$28.94.

Eastern Union Interactive Accounts Receivable Historical Data

The historical data trend for Eastern Union Interactive'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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Eastern Union Interactive Accounts Receivable Chart

Eastern Union Interactive Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.89

2.43

4.42

Eastern Union Interactive Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	0.89	2.43	-	4.42	4.05

Eastern Union Interactive Accounts Receivable Calculation

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

Eastern Union Interactive 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.

Eastern Union Interactive's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.054	/	210.677	*	91
=	3.51

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

Eastern Union Interactive'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)
=	(862.682	+	0.75 * 4.054	+	0.5 * 0.179	-	146.551
-	0	-	0)	/	24.8558
=	28.94

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.

Eastern Union Interactive Accounts Receivable Related Terms

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Eastern Union Interactive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Eastern Union Interactive Corp (ROCO:7738) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7F-1 , No. 51, Zhongyang Road, Sect. 4, Tucheng District, New Taipei, TWN

Website

Eastern Union Interactive Corp is a Company that offers a safe platform that provides safe and convenient cross-border financial services. Its service scope includes Indonesia, the Philippines, Vietnam, Thailand, etc. which is of positive help in guiding foreign migrant workers to handle remittances through legal channels and thereby establishing inclusive finance. It has obtained a foreign small-amount exchange license for foreign migrant workers in Taiwan. Legal services for foreign migrant workers working in Taiwan, Make cross-border remittances.

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