GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chinese Maritime Transport Ltd (TPE:2612) » Definitions » Accounts Receivable

Chinese Maritime Transport (TPE:2612) Accounts Receivable : NT$253 Mil (As of Sep. 2024)


View and export this data going back to 1994. Start your Free Trial

What is Chinese Maritime Transport Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chinese Maritime Transport's accounts receivables for the quarter that ended in Sep. 2024 was NT$253 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chinese Maritime Transport's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 18.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chinese Maritime Transport's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was NT$-44.91.


Chinese Maritime Transport Accounts Receivable Historical Data

The historical data trend for Chinese Maritime Transport'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.

Chinese Maritime Transport Accounts Receivable Chart

Chinese Maritime Transport 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 281.45 286.64 327.36 284.57 266.84

Chinese Maritime Transport 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 281.67 266.84 229.80 256.65 252.72

Chinese Maritime Transport Accounts Receivable Calculation

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


Chinese Maritime Transport 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.

Chinese Maritime Transport's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=252.721/1221.161*91
=18.88

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

Chinese Maritime Transport'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)
=(5020.581+0.75 * 252.721+0.5 * 40.054-14099.7
-0-63.133)/198.881
=-44.91

* 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.


Chinese Maritime Transport Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Chinese Maritime Transport's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Chinese Maritime Transport Business Description

Traded in Other Exchanges
N/A
Address
No. 15, Jinan Road, 4th Floor, Section 1, Chinese Maritime Building, Taipei, TWN, 10051
Chinese Maritime Transport Ltd provides goods transportation services. The company provides container transportation, warehousing and freight agents for Saudi Arabian Airlines. It generates maximum revenue from container hauling and logistics. The company operates in three segments: Land Transportation and Logistics, and Sea Transportation. The Land Transportation and Logistics segment is involved in container transportation, warehousing, and freight agent businesses. On the other hand, the Sea Transportation segment is engaged in bulk carrier business. The company generates the majority of its revenue from its Shipping department. The company generates its revenue from Asia, America, Europe, and Oceania.

Chinese Maritime Transport Headlines

No Headlines