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Lung Ming Green Energy Technology Engineering Co (TPE:3018) Accounts Receivable : NT$0.0 Mil (As of Dec. 2024)


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What is Lung Ming Green Energy Technology Engineering Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lung Ming Green Energy Technology Engineering Co's accounts receivables for the quarter that ended in Dec. 2024 was NT$0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lung Ming Green Energy Technology Engineering 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. Lung Ming Green Energy Technology Engineering Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was NT$-8.51.


Lung Ming Green Energy Technology Engineering Co Accounts Receivable Historical Data

The historical data trend for Lung Ming Green Energy Technology Engineering 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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Lung Ming Green Energy Technology Engineering Co Accounts Receivable Chart

Lung Ming Green Energy Technology Engineering Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 368.05 357.74 297.17 87.25 -

Lung Ming Green Energy Technology Engineering Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 87.25 454.85 471.76 340.62 -

Lung Ming Green Energy Technology Engineering Co Accounts Receivable Calculation

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


Lung Ming Green Energy Technology Engineering 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.

Lung Ming Green Energy Technology Engineering 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
=0/225.551*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Lung Ming Green Energy Technology Engineering Co's accounts receivable are only considered to be worth 75% of book value:

Lung Ming Green Energy Technology Engineering 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)
=(324.334+0.75 * 0+0.5 * 0-946.231
-0-0)/73.074
=-8.51

* 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.


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Lung Ming Green Energy Technology Engineering Co Business Description

Traded in Other Exchanges
N/A
Address
No. 602, Mingshui Road, 3rd Floor, Zhongshan District, Taipei, TWN
Lung Ming Green Energy Technology Engineering Co Ltd plans, designs, and constructs clean-room systems and electromechanical systems, as well as the treatment of waste solvents. It provides integration, testing, and maintenance services. Geographically, business activities are carried out through Taiwan. The company's revenue comes from the contracting business of construction projects, and the labor services provided by the Company are mainly waste treatment, cleaning, and transportation services. These services are priced separately or through negotiation, and the services are provided based on the results of waste treatment.

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