Hai Kwang Enterprise (TPE:2038) Change In Receivables: NT$188 Mil (TTM As of Jun. 2026)

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TPE:2038 Hai Kwang Enterprise Corp TPE:2038
69 GF Score
Price NT$12.60
GF Value NT$13.28
Valuation Fairly Valued
! 6 Warning Signs
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What is Hai Kwang Enterprise Change In Receivables?

Hai Kwang Enterprise TPE:2038 -1.18% 69 Change In Receivables is NT$188 Mil as of Jun. 2026. GuruFocus rates TPE:2038 with a GF Score™ of 69/100 and a GF Value™ of NT$13.28 (Fairly Valued). The stock has 6 warning signs investors should review.

Hai Kwang Enterprise's change in receivables for the quarter that ended in Jun. 2026 was NT$25 Mil. It means Hai Kwang Enterprise's Accounts Receivable declined by NT$25 Mil from Mar. 2026 to Jun. 2026 .

Hai Kwang Enterprise's change in receivables for the fiscal year that ended in Dec. 2025 was NT$33 Mil. It means Hai Kwang Enterprise's Accounts Receivable declined by NT$33 Mil from Dec. 2024 to Dec. 2025 .

Hai Kwang Enterprise's Accounts Receivable for the quarter that ended in Jun. 2026 was NT$656 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. Hai Kwang Enterprise's Days Sales Outstanding for the three months ended in Jun. 2026 was 29.26.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hai Kwang Enterprise's liquidation value for the three months ended in Jun. 2026 was NT$-2,899 Mil.

Hai Kwang Enterprise  (TPE:2038) 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.

Hai Kwang Enterprise's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=656.276/2046.46*91
=29.26

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

Hai Kwang Enterprise'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)
=720.965-5086.034+0.75 * 656.276+0.5 * 1947.857
=-2,899

* 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.

Hai Kwang Enterprise Change In Receivables Related Terms

Hai Kwang Enterprise Change In Receivables Historical Data

* Premium members only.

The historical data trend for Hai Kwang Enterprise'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.

Hai Kwang Enterprise Change In Receivables Chart

Hai Kwang Enterprise 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 -421.40 79.62 -178.92 256.10 32.75

Hai Kwang Enterprise 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 -104.90 254.83 -230.12 138.52 25.01
TPE:2038
69GF Score
Hai Kwang Enterprise Corp TPE:2038
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Hai Kwang Enterprise 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$188 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$188 Mil mean?
Hai Kwang Enterprise (TPE:2038) has a Change In Receivables of NT$188 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Hai Kwang Enterprise and its competitors.
Is Hai Kwang Enterprise's Change In Receivables too high?
Hai Kwang Enterprise's current Change In Receivables is NT$188 Mil. Overall, Hai Kwang Enterprise has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's Change In Receivables compare to NUE and STLD?
Hai Kwang Enterprise's Change In Receivables of NT$188 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 Hai Kwang Enterprise and its competitors. Hai Kwang Enterprise's current Change In Receivables is NT$188 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.28, compared to a current price of NT$12.60 — trading 5.1% below its estimated fair value. The current Change In Receivables is NT$188 Mil. Hai Kwang Enterprise's overall GF Score™ is 69/100 with 6 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 Hai Kwang Enterprise (TPE:2038), the current Change In Receivables is NT$188 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?

Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued. The current stock price of NT$12.60 is trading 5.1% below its estimated GF Value™ of NT$13.28. GuruFocus considers Hai Kwang Enterprise to be Fairly Valued.

Key valuation signals for TPE:2038:

  • Change In Receivables: NT$188 Mil
  • GF Value™: NT$13.28 vs. price of NT$12.60 (5.1% below fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hai Kwang Enterprise Business Description

Address No. 12, Yanhai 2nd Road, Xiaogang District, Kaohsiung City, TWN
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
69GF Score

Get the complete analysis for TPE:2038

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

NT$12.60
Price
NT$13.28
GF Value