China Steel Structure Co (TPE:2013) Change In Receivables: NT$267 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.

TPE:2013 China Steel Structure Co Ltd TPE:2013
80 GF Score
Price NT$41.15
GF Value NT$55.35
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is China Steel Structure Co Change In Receivables?

China Steel Structure Co TPE:2013 +0.24% 80 Change In Receivables is NT$267 Mil as of Jun. 2026. GuruFocus rates TPE:2013 with a GF Score™ of 80/100 and a GF Value™ of NT$55.35 (Modestly Undervalued). The stock has 2 warning signs investors should review.

China Steel Structure Co's change in receivables for the quarter that ended in Jun. 2026 was NT$341 Mil. It means China Steel Structure Co's Accounts Receivable declined by NT$341 Mil from Mar. 2026 to Jun. 2026 .

China Steel Structure Co's change in receivables for the fiscal year that ended in Dec. 2025 was NT$804 Mil. It means China Steel Structure Co's Accounts Receivable declined by NT$804 Mil from Dec. 2024 to Dec. 2025 .

China Steel Structure Co's Accounts Receivable for the quarter that ended in Jun. 2026 was NT$1,598 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 Structure Co's Days Sales Outstanding for the three months ended in Jun. 2026 was 29.05.

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 Structure Co's liquidation value for the three months ended in Jun. 2026 was NT$-7,165 Mil.


China Steel Structure Co  (TPE:2013) 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 Structure 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
=1598.224/5019.821*91
=29.05

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

China Steel Structure 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)
=987.878-10345.199+0.75 * 1598.224+0.5 * 1987.074
=-7,165

* 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.


China Steel Structure Co Change In Receivables Related Terms


China Steel Structure Co Change In Receivables Historical Data

* Premium members only.

The historical data trend for China Steel Structure 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.

China Steel Structure Co Change In Receivables Chart

China Steel Structure Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,135.85 927.84 -1,310.72 94.46 803.97

China Steel Structure Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -356.22 242.38 695.98 -1,012.31 341.32
TPE:2013
80GF Score
China Steel Structure Co Ltd TPE:2013
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Steel Structure 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 quarterly data reported by the company within the most recent 12 months, which was NT$267 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$267 Mil mean?
China Steel Structure Co (TPE:2013) has a Change In Receivables of NT$267 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for China Steel Structure Co and its competitors.
Is China Steel Structure Co's Change In Receivables too high?
China Steel Structure Co's current Change In Receivables is NT$267 Mil. Overall, China Steel Structure Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Steel Structure Co's Change In Receivables compare to NUE and STLD?
China Steel Structure Co's Change In Receivables of NT$267 Mil can be compared against companies in the Steel 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 Steel company?
A good Change In Receivables depends on the Steel 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 China Steel Structure Co and its competitors. China Steel Structure Co's current Change In Receivables is NT$267 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Steel Structure Co stock overvalued right now?
Based on GuruFocus' analysis, China Steel Structure Co (TPE:2013) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$55.35, compared to a current price of NT$41.15 — trading 25.7% below its estimated fair value. The current Change In Receivables is NT$267 Mil. China Steel Structure Co's overall GF Score™ is 80/100 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 China Steel Structure Co (TPE:2013), the current Change In Receivables is NT$267 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 China Steel Structure Co (TPE:2013) Overvalued in 2026?

Based on GuruFocus' analysis, China Steel Structure Co stock appears to be undervalued. The current stock price of NT$41.15 is trading 25.7% below its estimated GF Value™ of NT$55.35. GuruFocus considers China Steel Structure Co to be Modestly Undervalued.

Key valuation signals for TPE:2013:

  • Change In Receivables: NT$267 Mil
  • GF Value™: NT$55.35 vs. price of NT$41.15 (25.7% below fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the TPE:2013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Steel Structure Co Business Description

Address No.500 Zhongxing Road, Yanchao district, Kaohsiung, TWN, 82477
China Steel Structure Co Ltd is engaged in designing, processing, manufacturing, assembling and selling steel built-up sections; providing technical services for the construction of steel structures, importing and exporting metal and construction materials and real estate leasing. The Group's reportable segments are CSSC, USEC and Others and generates majority revenue from CSSC segment. Geographically, the Group mainly operates in Taiwan region.
80GF Score

Get the complete analysis for TPE:2013

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

NT$41.15
Price
NT$55.35
GF Value