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Tai Tung Communication Co (TPE:8011) Accounts Receivable : NT$160 Mil (As of Mar. 2024)


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What is Tai Tung Communication Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tai Tung Communication Co's accounts receivables for the quarter that ended in Mar. 2024 was NT$160 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tai Tung Communication Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 46.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tai Tung Communication Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-0.96.


Tai Tung Communication Co Accounts Receivable Historical Data

The historical data trend for Tai Tung Communication 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.

* Premium members only.

Tai Tung Communication Co Accounts Receivable Chart

Tai Tung Communication Co 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 197.96 188.37 300.55 227.78 205.60

Tai Tung Communication Co 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 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 320.78 243.50 282.88 205.60 159.78

Tai Tung Communication Co Accounts Receivable Calculation

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


Tai Tung Communication 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.

Tai Tung Communication Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=159.782/313.265*91
=46.54

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

Tai Tung Communication Co'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)
=(673.444+0.75 * 159.782+0.5 * 1032.679-1470.042
-0-0)/167.472
=-0.96

* 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.


Tai Tung Communication Co Accounts Receivable Related Terms

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Tai Tung Communication Co (TPE:8011) Business Description

Traded in Other Exchanges
N/A
Address
9th Floor, Number 219, Fuhui Road, Xinzhuang District, New Taipei City, TWN
Tai Tung Communication Co Ltd is a Taiwan-based company mainly engaged in the fiber optical cables and Fiber to the Home (FTTH) related accessories business, internal and external communication cables business, power transmission cables business, manufacture and sale of other products, and wholesale and retail sale of ores. The company's business operations cover outdoor and indoor optical cables, telecommunication cable, power transmission and distribution cable, CATV trunk and distribution cable and others.

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