Proxene Tools Co (ROCO:6904) Change In Receivables : NT$-11.0 Mil (TTM As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Proxene Tools Co Change In Receivables?

Proxene Tools Co's change in receivables for the quarter that ended in Mar. 2024 was NT$-2.6 Mil. It means Proxene Tools Co's Accounts Receivable increased by NT$2.6 Mil from Dec. 2023 to Mar. 2024 .

Proxene Tools Co's change in receivables for the fiscal year that ended in Dec. 2023 was NT$-6.6 Mil. It means Proxene Tools Co's Accounts Receivable increased by NT$6.6 Mil from Dec. 2022 to Dec. 2023 .

Proxene Tools Co's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$109.1 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. Proxene Tools Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 44.23.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Proxene Tools Co's liquidation value for the three months ended in Mar. 2024 was NT$37.9 Mil.

Proxene Tools Co Change In Receivables Historical Data

The historical data trend for Proxene Tools 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.

* Premium members only.

Proxene Tools Co Change In Receivables Chart

Proxene Tools Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-12.07

9.09

-9.14

-8.84

-6.56

Proxene Tools Co Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial								1.86	-9.30	-9.10	9.98	-2.60

Proxene Tools 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$-11.0 Mil.

Proxene Tools Co (ROCO:6904) 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.

Proxene Tools 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
=	109.06	/	225.021	*	91
=	44.23

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

Proxene Tools 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)
=	384.895	-	541.85	+	0.75 * 109.06	+	0.5 * 226.161
=	37.9

Proxene Tools Co Change In Receivables Related Terms

Thank you for viewing the detailed overview of Proxene Tools Co's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Proxene Tools Co (ROCO:6904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Proxene Tools Co Ltd (ROCO:6904) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Alley 28, Lane 360, Zhongshan Road, Shengang District, Taichung City, TWN, 42947

Website

https://www.proxene.com.tw

Proxene Tools Co Ltd engages in the manufacturing and exporting of adjustable angle wrenches in Taiwan. It offers industrial hand tools manufacturing adjustable wrench hand tools, wrenches, Industrial Video Borescope, Diagnostic equipment, and Car care products.

Proxene Tools Co (ROCO:6904) Headlines

No Headlines