Phoenix Pioneer Technology Co (ROCO:6920) Change In Receivables: NT$-153 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:6920 Phoenix Pioneer Technology Co Ltd ROCO:6920
47 GF Score
Price NT$96.40
GF Value NT$37.47
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Phoenix Pioneer Technology Co Change In Receivables?

Phoenix Pioneer Technology Co ROCO:6920 +0.73% 47 Change In Receivables is NT$-153 Mil as of Jun. 2026. GuruFocus rates ROCO:6920 with a GF Score™ of 47/100 and a GF Value™ of NT$37.47 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Phoenix Pioneer Technology Co's change in receivables for the quarter that ended in Jun. 2026 was NT$-131 Mil. It means Phoenix Pioneer Technology Co's Accounts Receivable increased by NT$131 Mil from Dec. 2025 to Jun. 2026 .

Phoenix Pioneer Technology Co's change in receivables for the fiscal year that ended in Dec. 2025 was NT$24 Mil. It means Phoenix Pioneer Technology Co's Accounts Receivable declined by NT$24 Mil from Dec. 2024 to Dec. 2025 .

Phoenix Pioneer Technology Co's Accounts Receivable for the quarter that ended in Jun. 2026 was NT$330 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. Phoenix Pioneer Technology Co's Days Sales Outstanding for the six months ended in Jun. 2026 was 63.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Phoenix Pioneer Technology Co's liquidation value for the six months ended in Jun. 2026 was NT$-558 Mil.


Phoenix Pioneer Technology Co  (ROCO:6920) 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.

Phoenix Pioneer Technology Co's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=330.109/953.439*91
=63.19

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

Phoenix Pioneer Technology Co's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=538.299-1460.75+0.75 * 330.109+0.5 * 232.932
=-558

* 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.


Phoenix Pioneer Technology Co Change In Receivables Related Terms


Phoenix Pioneer Technology Co Change In Receivables Historical Data

* Premium members only.

The historical data trend for Phoenix Pioneer Technology 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.

Phoenix Pioneer Technology Co Change In Receivables Chart

Phoenix Pioneer Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial -141.08 -10.71 86.46 -75.41 24.15

Phoenix Pioneer Technology Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -76.12 0.71 45.95 -21.79 -130.98
ROCO:6920
47GF Score
Phoenix Pioneer Technology Co Ltd ROCO:6920
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Phoenix Pioneer Technology 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 Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$-153 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of NT$-153 Mil mean?
Phoenix Pioneer Technology Co (ROCO:6920) has a Change In Receivables of NT$-153 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Phoenix Pioneer Technology Co and its competitors.
Is Phoenix Pioneer Technology Co's Change In Receivables too high?
Phoenix Pioneer Technology Co's current Change In Receivables is NT$-153 Mil. Overall, Phoenix Pioneer Technology Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Phoenix Pioneer Technology Co's Change In Receivables compare to LRCX and AMAT?
Phoenix Pioneer Technology Co's Change In Receivables of NT$-153 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Semiconductors company?
A good Change In Receivables depends on the Semiconductors industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Phoenix Pioneer Technology Co and its competitors. Phoenix Pioneer Technology Co's current Change In Receivables is NT$-153 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Pioneer Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Phoenix Pioneer Technology Co (ROCO:6920) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$37.47, compared to a current price of NT$96.40 — trading 157.3% above its estimated fair value. The current Change In Receivables is NT$-153 Mil. Phoenix Pioneer Technology Co's overall GF Score™ is 47/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Phoenix Pioneer Technology Co (ROCO:6920), the current Change In Receivables is NT$-153 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Phoenix Pioneer Technology Co (ROCO:6920) Overvalued in 2026?

Based on GuruFocus' analysis, Phoenix Pioneer Technology Co stock appears to be overvalued. The current stock price of NT$96.40 is trading 157.3% above its estimated GF Value™ of NT$37.47. GuruFocus considers Phoenix Pioneer Technology Co to be Significantly Overvalued.

Key valuation signals for ROCO:6920:

  • Change In Receivables: NT$-153 Mil
  • GF Value™: NT$37.47 vs. price of NT$96.40 (157.3% above fair value)
  • GF Score™: 47/100 with 2 warning signs

No single metric tells the full story. See the ROCO:6920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Phoenix Pioneer Technology Co Business Description

Address No. 458-17, Xinxing Road, Hukou Township, Hsinchu, TWN, 30353
Phoenix Pioneer Technology Co Ltd primary business is the research, development, and manufacturing of precision IC carrier boards. Geographically, the company generates the majority of its revenue from Taiwan.
47GF Score

Get the complete analysis for ROCO:6920

Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$96.40
Price
NT$37.47
GF Value