China Steel Chemical (TPE:1723) Change In Receivables : NT$-64 Mil (TTM As of Mar. 2024)

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What is China Steel Chemical Change In Receivables?

China Steel Chemical's change in receivables for the quarter that ended in Mar. 2024 was NT$183 Mil. It means China Steel Chemical's Accounts Receivable declined by NT$183 Mil from Dec. 2023 to Mar. 2024 .

China Steel Chemical's change in receivables for the fiscal year that ended in Dec. 2023 was NT$-200 Mil. It means China Steel Chemical's Accounts Receivable increased by NT$200 Mil from Dec. 2022 to Dec. 2023 .

China Steel Chemical's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$553 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. China Steel Chemical's Days Sales Outstanding for the three months ended in Mar. 2024 was 29.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Steel Chemical's liquidation value for the three months ended in Mar. 2024 was NT$-204 Mil.

China Steel Chemical Change In Receivables Historical Data

The historical data trend for China Steel Chemical'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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China Steel Chemical Change In Receivables Chart

China Steel Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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389.28

106.07

-265.95

10.27

-199.71

China Steel Chemical 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															47.13	-10.01	-167.07	-69.76	182.93

China Steel Chemical 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$-64 Mil.

China Steel Chemical (TPE:1723) 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.

China Steel Chemical's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	553.474	/	1729.241	*	91
=	29.21

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

China Steel Chemical'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)
=	1222.48	-	2466.986	+	0.75 * 553.474	+	0.5 * 1250.679
=	-204

China Steel Chemical Change In Receivables Related Terms

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China Steel Chemical (TPE:1723) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Steel Chemical Corp (TPE:1723) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Chengong 2nd Road, 25th Floor, Qianzhen District, Kaohsiung, TWN

Website

https://www.cscc.com.tw

China Steel Chemical Corp is engaged in the production, processing, and sales of coal tar distillation products, Naphtha products, and coke products. Besides, it also trades related upstream and downstream products. The firm operates in three segments. The CSCC/CCSCM segment which derives the majority of revenue engages in the production and marketing of chemical products. EGI/CSCCC segment engages in the trade of chemical products. EWI segment engages in investment holding.

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