Cheng Shin Rubber Industry Co (TPE:2105) Change In Receivables : NT$-1,861 Mil (TTM As of Mar. 2024)

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What is Cheng Shin Rubber Industry Co Change In Receivables?

Cheng Shin Rubber Industry Co's change in receivables for the quarter that ended in Mar. 2024 was NT$-1,067 Mil. It means Cheng Shin Rubber Industry Co's Accounts Receivable increased by NT$1,067 Mil from Sep. 2023 to Mar. 2024 .

Cheng Shin Rubber Industry Co's change in receivables for the fiscal year that ended in Dec. 2022 was NT$-1,052 Mil. It means Cheng Shin Rubber Industry Co's Accounts Receivable increased by NT$1,052 Mil from Dec. 2021 to Dec. 2022 .

Cheng Shin Rubber Industry Co's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$10,223 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. Cheng Shin Rubber Industry Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 39.49.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cheng Shin Rubber Industry Co's liquidation value for the three months ended in Mar. 2024 was NT$-16,514 Mil.

Cheng Shin Rubber Industry Co Change In Receivables Historical Data

The historical data trend for Cheng Shin Rubber Industry 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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Cheng Shin Rubber Industry Co Change In Receivables Chart

Cheng Shin Rubber Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-316.57

-199.33

-1,352.94

2,043.27

-1,051.80

Cheng Shin Rubber Industry Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Change In Receivables	Get a 7-Day Free Trial															1,291.96	-1,843.54	-322.16	-471.88	-1,067.18

Cheng Shin Rubber Industry 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-1,861 Mil.

Cheng Shin Rubber Industry Co (TPE:2105) 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.

Cheng Shin Rubber Industry Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10223.001	/	23622.354	*	91
=	39.49

2. In Ben Graham's calculation of liquidation value, Cheng Shin Rubber Industry Co's accounts receivable are only considered to be worth 75% of book value:

Cheng Shin Rubber Industry Co'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)
=	26996.85	-	59235.708	+	0.75 * 10223.001	+	0.5 * 16116.071
=	-16,514

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Cheng Shin Rubber Industry Co (TPE:2105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cheng Shin Rubber Industry Co Ltd (TPE:2105) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545

Website

https://www.cst.com.tw

Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and other rubber products and the manufacturing and trading of various rubber products and relevant rubber machinery. The main sources of sales revenue are from the assembly plants and dealers. Its geographical segments are Taiwan, China, the United States, and Others.

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