Argo Yachts Development Co (ROCO:7566) Change In Receivables : NT$10.6 Mil (TTM As of Dec. 2023)

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What is Argo Yachts Development Co Change In Receivables?

Argo Yachts Development Co's change in receivables for the quarter that ended in Dec. 2023 was NT$-11.7 Mil. It means Argo Yachts Development Co's Accounts Receivable increased by NT$11.7 Mil from Jun. 2023 to Dec. 2023 .

Argo Yachts Development Co's change in receivables for the fiscal year that ended in Dec. 2023 was NT$10.6 Mil. It means Argo Yachts Development Co's Accounts Receivable declined by NT$10.6 Mil from Dec. 2022 to Dec. 2023 .

Argo Yachts Development Co's Accounts Receivable for the quarter that ended in Dec. 2023 was NT$10.7 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. Argo Yachts Development Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 6.90.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Argo Yachts Development Co's liquidation value for the six months ended in Dec. 2023 was NT$-1,908.9 Mil.

Argo Yachts Development Co Change In Receivables Historical Data

The historical data trend for Argo Yachts Development 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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Argo Yachts Development Co Change In Receivables Chart

Argo Yachts Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-5.42

-2.31

1.31

-16.25

10.55

Argo Yachts Development Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial						3.59	3.62	-19.87	22.22	-11.67

Argo Yachts Development 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$10.6 Mil.

Argo Yachts Development Co (ROCO:7566) 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.

Argo Yachts Development Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.672	/	282.178	*	91
=	6.90

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

Argo Yachts Development Co's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	426.686	-	2361.397	+	0.75 * 10.672	+	0.5 * 35.516
=	-1,908.9

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Argo Yachts Development Co (ROCO:7566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Argo Yachts Development Co Ltd (ROCO:7566) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 777, Sector 2, Xingang Road, Anping District, Tainan, TWN, 708

Website

https://www.argoyc.com

Argo Yachts Development Co Ltd is engaged in operation of membership yacht club to provide diversified services such as berth, escrow and maintenance.

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