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North-Star International Co (ROCO:8927) Accounts Receivable : NT$90 Mil (As of Dec. 2023)


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What is North-Star International Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. North-Star International Co's accounts receivables for the quarter that ended in Dec. 2023 was NT$90 Mil.

Accounts receivable can be measured by Days Sales Outstanding. North-Star International Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. North-Star International Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$-61.78.


North-Star International Co Accounts Receivable Historical Data

The historical data trend for North-Star International 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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North-Star International Co Accounts Receivable Chart

North-Star International Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.67 20.87 37.64 56.72 89.86

North-Star International Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.72 144.63 115.72 98.19 89.86

North-Star International Co Accounts Receivable Calculation

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


North-Star International 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.

North-Star International 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
=89.86/2033.12*91
=4.03

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

North-Star International 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)
=(1264.015+0.75 * 89.86+0.5 * 4457.7-20973.69
-0-2753.016)/326.441
=-61.78

* 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.


North-Star International Co Accounts Receivable Related Terms

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North-Star International Co (ROCO:8927) Business Description

Traded in Other Exchanges
N/A
Address
No. 137, Xinhai Road, Banqiao District, New Taipei City, TWN, 220
North-Star International Co Ltd has mainly engaged in the operation of petrol filling stations and the retail business of gasoline products in Taiwan. It provides petroleum and diesel and is also involved in the provision of cleaning services for cars, the sale of spare parts, and simple vehicle repair services. It also diversified its operation of the Group, the Group has been expanding into hotels, real estate development, and sale as well as renewable energy development services. It has three reportable segments: gasoline sales, restaurant, travel service, and optoelectronics business. It generates the majority of its revenue from gasoline sales.

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