Airtac International Group (TPE:1590) Change In Receivables : NT$-457 Mil (TTM As of Mar. 2024)

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What is Airtac International Group Change In Receivables?

Airtac International Group's change in receivables for the quarter that ended in Mar. 2024 was NT$-785 Mil. It means Airtac International Group's Accounts Receivable increased by NT$785 Mil from Dec. 2023 to Mar. 2024 .

Airtac International Group's change in receivables for the fiscal year that ended in Dec. 2023 was NT$-1,021 Mil. It means Airtac International Group's Accounts Receivable increased by NT$1,021 Mil from Dec. 2022 to Dec. 2023 .

Airtac International Group's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$6,953 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. Airtac International Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 88.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Airtac International Group's liquidation value for the three months ended in Mar. 2024 was NT$499 Mil.

Airtac International Group Change In Receivables Historical Data

The historical data trend for Airtac International Group'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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Airtac International Group Change In Receivables Chart

Airtac International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-233.66

-1,953.54

-441.88

-1,488.29

-1,020.90

Airtac International Group 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															-1,348.17	-1,618.66	-77.35	2,023.28	-784.65

Airtac International Group 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$-457 Mil.

Airtac International Group (TPE:1590) 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.

Airtac International Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6953.035	/	7205.592	*	91
=	88.05

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

Airtac International Group'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)
=	8586.876	-	16647.274	+	0.75 * 6953.035	+	0.5 * 6689.059
=	499

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Airtac International Group (TPE:1590) Business Description

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Address

No. 28, Kanxi Road, Xinshi District, Tainan, TWN, 74148

Website

https://global.airtac.com

Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as automotive, machinery manufacturing, electronics, lighting and textile, medical equipment and food and packaging. The firm is the second-largest pneumatic equipment manufacturer in China, with more than 20% market share. AirTAC reported revenue of TWD 26.1 billion in 2022, with more than 90% of sales generated from China.

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