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Forest Water Environmental Eng'g Co (TPE:8473) Accounts Receivable : NT$1,595 Mil (As of Mar. 2024)


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What is Forest Water Environmental Eng'g Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Forest Water Environmental Eng'g Co's accounts receivables for the quarter that ended in Mar. 2024 was NT$1,595 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Forest Water Environmental Eng'g Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 195.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Forest Water Environmental Eng'g Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-34.93.


Forest Water Environmental Eng'g Co Accounts Receivable Historical Data

The historical data trend for Forest Water Environmental Eng'g 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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Forest Water Environmental Eng'g Co Accounts Receivable Chart

Forest Water Environmental Eng'g 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 779.42 1,322.96 1,086.50 1,468.08 1,579.65

Forest Water Environmental Eng'g 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 1,421.80 1,531.95 1,443.22 1,579.65 1,595.18

Forest Water Environmental Eng'g Co Accounts Receivable Calculation

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


Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g 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
=1595.184/745.052*91
=195.37

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Forest Water Environmental Eng'g Co's accounts receivable are only considered to be worth 75% of book value:

Forest Water Environmental Eng'g 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)
=(2387.313+0.75 * 1595.184+0.5 * 0-7366.994
-0-1713.24)/157.349
=-34.93

* 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.


Forest Water Environmental Eng'g Co Accounts Receivable Related Terms

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Forest Water Environmental Eng'g Co (TPE:8473) Business Description

Traded in Other Exchanges
N/A
Address
Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN
Forest Water Environmental Eng'g Co Ltd is engaged in desalination engineering, wastewater recycling & reuse and water purification process, and sewage treatment. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.

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