New Asia Construction & Development (TPE:2516) Accounts Receivable : NT$456 Mil (As of Mar. 2024)

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What is New Asia Construction & Development Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Asia Construction & Development's accounts receivables for the quarter that ended in Mar. 2024 was NT$456 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New Asia Construction & Development's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 21.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Asia Construction & Development's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-10.97.

New Asia Construction & Development Accounts Receivable Historical Data

The historical data trend for New Asia Construction & Development'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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New Asia Construction & Development Accounts Receivable Chart

New Asia Construction & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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168.10

158.84

22.74

130.76

316.26

New Asia Construction & Development 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															398.43	220.26	386.17	316.26	455.73

New Asia Construction & Development Accounts Receivable Calculation

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

New Asia Construction & Development 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.

New Asia Construction & Development's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	455.733	/	1976.338	*	91
=	21.04

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), New Asia Construction & Development's accounts receivable are only considered to be worth 75% of book value:

New Asia Construction & Development'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)
=	(1903.301	+	0.75 * 455.733	+	0.5 * 10.124	-	4733.07
-	0	-	0)	/	226.279
=	-10.97

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.

New Asia Construction & Development Accounts Receivable Related Terms

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New Asia Construction & Development (TPE:2516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » New Asia Construction & Development Corp (TPE:2516) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

N0. 760, Section 4, Bade Road,, 15,16th floor,, Songshan District, Taipei, TWN

Website

http://www.newasia.com.tw

New Asia Construction & Development Corp operates in the engineering and construction industry. The company is engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing, or selling of heavy equipment and public housing, and office buildings and repairs. The company is also engaged in manufacturing and selling ready mixed concrete and asphalt concrete and investment.

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