Li Ming Development Construction Co (ROCO:6212) Change In Receivables : NT$362 Mil (TTM As of Mar. 2024)

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What is Li Ming Development Construction Co Change In Receivables?

Li Ming Development Construction Co's change in receivables for the quarter that ended in Mar. 2024 was NT$110 Mil. It means Li Ming Development Construction Co's Accounts Receivable declined by NT$110 Mil from Dec. 2023 to Mar. 2024 .

Li Ming Development Construction Co's change in receivables for the fiscal year that ended in Dec. 2023 was NT$273 Mil. It means Li Ming Development Construction Co's Accounts Receivable declined by NT$273 Mil from Dec. 2022 to Dec. 2023 .

Li Ming Development Construction Co's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$0 Mil.

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 Receivable are being managed. Li Ming Development Construction Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Li Ming Development Construction Co's liquidation value for the three months ended in Mar. 2024 was NT$-1,681 Mil.

Li Ming Development Construction Co Change In Receivables Historical Data

The historical data trend for Li Ming Development Construction Co's Change In Receivables 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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Li Ming Development Construction Co Change In Receivables Chart

Li Ming Development Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-131.57

-253.10

-35.51

117.06

272.51

Li Ming Development Construction Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															19.75	-0.92	-2.00	255.68	109.58

Li Ming Development Construction Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$362 Mil.

Li Ming Development Construction Co (ROCO:6212) Change In Receivables 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 Receivable are being managed.

Li Ming Development Construction 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
=	0	/	2277.839	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, Li Ming Development Construction Co's accounts receivable are only considered to be worth 75% of book value:

Li Ming Development Construction Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	425.724	-	7190.314	+	0.75 * 0	+	0.5 * 10166.588
=	-1,681

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Li Ming Development Construction Co (ROCO:6212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Li Ming Development Construction Co Ltd (ROCO:6212) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Gongdao 5th Road, 7th Floor, No. 419, Section 2, Hsinchu, TWN, 30069

Website

http://www.met.com.tw

Li Ming Development Construction Co Ltd is engaged in the development, leasing, and sale of residential and commercial buildings, as well as the wholesale and retail of construction materials. The company is also involved in landscape and interior design. It operates in one single segment that is the development of the property segment which is mainly engaged in the commissioning construction of residences and buildings and renting properties. It generates a vast majority of its revenues from the sales of lands and apartments.

Li Ming Development Construction Co (ROCO:6212) Headlines

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