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Fortune Information Systems (TPE:2468) Accounts Receivable : NT$357 Mil (As of Sep. 2024)


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What is Fortune Information Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fortune Information Systems's accounts receivables for the quarter that ended in Sep. 2024 was NT$357 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fortune Information Systems's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 60.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fortune Information Systems's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was NT$-2.29.

Fortune Information Systems Accounts Receivable Historical Data

The historical data trend for Fortune Information Systems'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.

Fortune Information Systems Accounts Receivable Chart

Fortune Information Systems 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 572.47 451.59 322.45 342.46 186.07

Fortune Information Systems Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 382.29 186.07 274.84 200.66 356.53

Fortune Information Systems Accounts Receivable Calculation

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

Fortune Information Systems 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.

Fortune Information Systems's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=356.525/540.732*91
=60.16

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

Fortune Information Systems's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(212.999+0.75 * 356.525+0.5 * 203.17-742.48
-0-0)/69.961
=-2.29

* 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.

Fortune Information Systems Accounts Receivable Related Terms

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Fortune Information Systems Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortune Information Systems Corp (TPE:2468) » Definitions » Accounts Receivable
Comparable Companies
TPE:1416 ROCO:6751 TPE:2471 ROCO:6697 ROCO:3147 ROCO:6699 ROCO:6906 ROCO:8099 ROCO:5209 ROCO:6928 ACN NSE:TCS IBM NSE:INFY FI NSE:HCLTECH CTSH XPAR:CAP FIS CDW
Traded in Other Exchanges
N/A
Address
No. 25, Lane 78, Xingai road, Neihu District, Taipei, TWN, 11494
Website
https://www.fis.com.tw
Fortune Information Systems Corp is engaged in providing system integration services like cloud IT infrastructure, network management and information security solutions, customer service and technical support, and operation uninterrupted solutions. The company earns revenue from Service revenue comes from system integration and maintenance of computer hardware and software, also Sales revenue comes from sales of computer hardware and software.

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