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First Financial Holding Co (TPE:2892) Accounts Receivable : NT$0 Mil (As of Dec. 2024)


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What is First Financial Holding Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Financial Holding Co's accounts receivables for the quarter that ended in Dec. 2024 was NT$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Financial Holding Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Financial Holding Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was NT$-298.80.


First Financial Holding Co Accounts Receivable Historical Data

The historical data trend for First Financial Holding 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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First Financial Holding Co Accounts Receivable Chart

First Financial Holding Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
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First Financial Holding Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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First Financial Holding Co Accounts Receivable Calculation

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


First Financial Holding 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.

First Financial Holding Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/16796.786*91
=0.00

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

First Financial Holding Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(366799.739+0.75 * 0+0.5 * 0-4436536.418
-0-0)/13620.146
=-298.80

* 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.


First Financial Holding Co Accounts Receivable Related Terms

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First Financial Holding Co Business Description

Traded in Other Exchanges
N/A
Address
Section 1, Chongqing South Road, No. 30, 18th Floor, Taipei, TWN, 100
First Financial Holding Co Ltd is a financial services holding company that consists of various subsidiaries. The majority of the group's activities are overwhelmingly concentrated in Taiwan. Its key revenue contributing subsidiary, First Bank, derives its net revenue from net interest income through the provision of banking and other financial services. The Group operates globally in three business segments: Banking business, Securities business, and Insurance business. Maximum revenue is generated from the Banking business, which provides various banking and financial services such as corporate and personal banking, internet banking, remittance services, investment products, etc. Geographically, it derives key revenue from Taiwan, followed by other Asian markets, America, and others.

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