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Taiwan Glass Ind (TPE:1802) Accounts Receivable : NT$3,965 Mil (As of Mar. 2024)


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What is Taiwan Glass Ind Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Taiwan Glass Ind's accounts receivables for the quarter that ended in Mar. 2024 was NT$3,965 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Taiwan Glass Ind's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 36.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Taiwan Glass Ind's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-7.80.


Taiwan Glass Ind Accounts Receivable Historical Data

The historical data trend for Taiwan Glass Ind'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.

* Premium members only.

Taiwan Glass Ind Accounts Receivable Chart

Taiwan Glass Ind 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 4,339.30 4,584.64 5,523.35 4,494.00 3,958.95

Taiwan Glass Ind Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3,836.70 3,941.12 4,419.22 3,958.95 3,965.28

Taiwan Glass Ind Accounts Receivable Calculation

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


Taiwan Glass Ind 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.

Taiwan Glass Ind's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3965.284/9865.814*91
=36.68

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

Taiwan Glass Ind's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(11885.833+0.75 * 3965.284+0.5 * 12965.333-40622.593
-0-3248.065)/2889.022
=-7.80

* 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.


Taiwan Glass Ind Accounts Receivable Related Terms

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Taiwan Glass Ind (TPE:1802) Business Description

Traded in Other Exchanges
N/A
Address
No. 261, Nanjing East Road, 11th Floor, Section 3, Taiwan Glass Building, Songshan District, Taipei, TWN, 105-405
Taiwan Glass Ind Corp manufactures and sells a variety of glass products. It operates plants that create and mold glass into glass panes, fiberglass, bottles, and jars, based on specific customer needs. The firm's product categories include flat glass, fiberglass, as well as container, tableware, and kitchenware. The flat glass products are sold to the construction and automobile industries and are used for windows and mirrors. The container, tableware, and kitchenware products are sold to the food, beverage, and pharmaceutical industries.

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