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Froch Enterprise Co (TPE:2030) Accounts Receivable : NT$816 Mil (As of Mar. 2024)


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What is Froch Enterprise Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Froch Enterprise Co's accounts receivables for the quarter that ended in Mar. 2024 was NT$816 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Froch Enterprise Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 25.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Froch Enterprise Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-10.78.


Froch Enterprise Co Accounts Receivable Historical Data

The historical data trend for Froch Enterprise 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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Froch Enterprise Co Accounts Receivable Chart

Froch Enterprise 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 786.43 749.75 1,232.14 801.06 869.95

Froch Enterprise Co 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 789.38 768.48 840.17 869.95 815.84

Froch Enterprise Co Accounts Receivable Calculation

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


Froch Enterprise 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.

Froch Enterprise Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=815.836/2872.735*91
=25.91

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

Froch Enterprise Co'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)
=(1270.694+0.75 * 815.836+0.5 * 4443.611-7127.415
-0-0)/280.526
=-10.78

* 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.


Froch Enterprise Co Accounts Receivable Related Terms

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Froch Enterprise Co (TPE:2030) Business Description

Traded in Other Exchanges
N/A
Address
No.122 Industrial Road, Yun-Lin, Tou-Liu City, TWN, 640
Froch Enterprise Co Ltd is engaged in the steel industry. The company manufactures stainless steel welded tube and pipes. The company's product includes tubes, bars, plates, sheets, and coils. The products are widely used in different industries, such as oil & gas, petrochemical, chemical, power utility, pulp & paper, food & beverage, automotive, furniture, construction, electronic and bio-tech.

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