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Apex Dynamics (TPE:4583) Accounts Receivable : NT$293 Mil (As of Jun. 2024)


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What is Apex Dynamics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Apex Dynamics's accounts receivables for the quarter that ended in Jun. 2024 was NT$293 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Apex Dynamics's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 35.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Apex Dynamics's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was NT$56.68.


Apex Dynamics Accounts Receivable Historical Data

The historical data trend for Apex Dynamics'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.

Apex Dynamics Accounts Receivable Chart

Apex Dynamics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 277.17 336.78 346.71 379.39 230.77

Apex Dynamics Quarterly Data
Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 265.21 237.27 230.77 311.11 293.40

Apex Dynamics Accounts Receivable Calculation

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


Apex Dynamics 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.

Apex Dynamics's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=293.402/748.835*91
=35.75

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

Apex Dynamics's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(4457.356+0.75 * 293.402+0.5 * 1697.718-982.138
-0-0)/80.1714
=56.68

* 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.


Apex Dynamics Accounts Receivable Related Terms

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Apex Dynamics Business Description

Traded in Other Exchanges
N/A
Address
No.10, Keyuan 3rd Road, Situn District, Taichung, TWN, 40763
Apex Dynamics Inc is involved in the production and sales of machinery equipment. It offers various equipment such as a gearbox, rack and pinion, smart lubrication equipment, traversing robots, turrets, and other equipment. The company has two reportable business departments. The precision machinery segment is engaged in the production and sales of precision reducers and automatic control equipment manufacturing. The Hotel and Restaurant Service includes catering service which is engaged in hotel housing service and catering business. The majority is from the Precision Machinery segment. Geographically, the majority is derived from Asia.

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