Neo-Neon Holdings (TPE:911868) Accounts Receivable : NT$476 Mil (As of Dec. 2023)

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What is Neo-Neon Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Neo-Neon Holdings's accounts receivables for the quarter that ended in Dec. 2023 was NT$476 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Neo-Neon Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 43.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Neo-Neon Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$0.86.

Neo-Neon Holdings Accounts Receivable Historical Data

The historical data trend for Neo-Neon Holdings'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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Neo-Neon Holdings Accounts Receivable Chart

Neo-Neon Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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416.16

549.94

614.15

565.82

475.94

Neo-Neon Holdings Semi-Annual Data
	Mar14	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															614.15	692.21	565.82	500.82	475.94

Neo-Neon Holdings Accounts Receivable Calculation

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

Neo-Neon Holdings 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.

Neo-Neon Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	475.937	/	2011.148	*	91
=	43.19

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

Neo-Neon Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(2251.831	+	0.75 * 475.937	+	0.5 * 674.265	-	1112.728
-	0	-	42.355)	/	2094.47
=	0.86

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.

Neo-Neon Holdings Accounts Receivable Related Terms

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Neo-Neon Holdings (TPE:911868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neo-Neon Holdings Ltd (TPE:911868) » Definitions » Accounts Receivable

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01868:Hong Kong

Address

188 Des Voeux Road Central, Unit 2101, 21st Floor, Golden Centre, Hong Kong, HKG

Website

http://www.neo-neon.com

Neo-Neon Holdings Ltd is a manufacturer and distributor of LED decorative lighting products. The company's product portfolio is divided into LED decorative lighting, Commercial lighting, Professional lighting, Professional architectural lighting, Industrial lighting, Landscape lighting, and other products. Its segments include the PRC lighting segment, which consists of research and development, manufacture of lighting products in China, and distribution of lighting products in China and overseas; and the USA lighting segment consists of the provision of lighting solutions and trading of lighting products in the USA. Its geographical segments include North America, which generates the vast majority of the company's revenue; Europe; The PRC; Asia (excluding the PRC); and Other countries.

Neo-Neon Holdings (TPE:911868) Headlines

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