Test Rite International Co (TPE:2908) Change In Receivables: NT$924 Mil (TTM As of Jun. 2026)

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TPE:2908 Test Rite International Co Ltd TPE:2908
68 GF Score
Price NT$22.05
GF Value NT$19.37
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Test Rite International Co Change In Receivables?

Test Rite International Co TPE:2908 +0.23% 68 Change In Receivables is NT$924 Mil as of Jun. 2026. GuruFocus rates TPE:2908 with a GF Score™ of 68/100 and a GF Value™ of NT$19.37 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Test Rite International Co's change in receivables for the quarter that ended in Jun. 2026 was NT$304 Mil. It means Test Rite International Co's Accounts Receivable declined by NT$304 Mil from Mar. 2026 to Jun. 2026 .

Test Rite International Co's change in receivables for the fiscal year that ended in Dec. 2025 was NT$1,502 Mil. It means Test Rite International Co's Accounts Receivable declined by NT$1,502 Mil from Dec. 2024 to Dec. 2025 .

Test Rite International Co's Accounts Receivable for the quarter that ended in Jun. 2026 was NT$6,178 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. Test Rite International Co's Days Sales Outstanding for the three months ended in Jun. 2026 was 66.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Test Rite International Co's liquidation value for the three months ended in Jun. 2026 was NT$-18,341 Mil.

Test Rite International Co  (TPE:2908) 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.

Test Rite International 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
=6177.597/8473.312*91
=66.53

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

Test Rite International 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)
=4185.655-30519.433+0.75 * 6177.597+0.5 * 6719.099
=-18,341

* 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.

Test Rite International Co Change In Receivables Related Terms

Test Rite International Co Change In Receivables Historical Data

* Premium members only.

The historical data trend for Test Rite International 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.

Test Rite International Co Change In Receivables Chart

Test Rite International 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 -602.60 1,006.97 -1,694.45 -799.78 1,501.74

Test Rite International 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 287.39 -325.42 2,119.30 -1,173.48 304.05
TPE:2908
68GF Score
Test Rite International Co Ltd TPE:2908
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Test Rite International 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$924 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$924 Mil mean?
Test Rite International Co (TPE:2908) has a Change In Receivables of NT$924 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Test Rite International Co and its competitors.
Is Test Rite International Co's Change In Receivables too high?
Test Rite International Co's current Change In Receivables is NT$924 Mil. Overall, Test Rite International Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Test Rite International Co's Change In Receivables compare to HD and LOW?
Test Rite International Co's Change In Receivables of NT$924 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Change In Receivables depends on the Retail - Cyclical 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 Test Rite International Co and its competitors. Test Rite International Co's current Change In Receivables is NT$924 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Test Rite International Co stock overvalued right now?
Based on GuruFocus' analysis, Test Rite International Co (TPE:2908) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$19.37, compared to a current price of NT$22.05 — trading 13.8% above its estimated fair value. The current Change In Receivables is NT$924 Mil. Test Rite International Co's overall GF Score™ is 68/100 with 8 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 Test Rite International Co (TPE:2908), the current Change In Receivables is NT$924 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 Test Rite International Co (TPE:2908) Overvalued in 2026?

Based on GuruFocus' analysis, Test Rite International Co stock appears to be overvalued. The current stock price of NT$22.05 is trading 13.8% above its estimated GF Value™ of NT$19.37. GuruFocus considers Test Rite International Co to be Modestly Overvalued.

Key valuation signals for TPE:2908:

  • Change In Receivables: NT$924 Mil
  • GF Value™: NT$19.37 vs. price of NT$22.05 (13.8% above fair value)
  • GF Score™: 68/100 with 8 warning signs

No single metric tells the full story. See the TPE:2908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Test Rite International Co Business Description

Address No. 23, Xinhu 3rd Road, 6th Floor, Neihu District, Taipei, TWN, 114518
Test Rite International Co Ltd is a Taiwan-based company that is principally engaged in the trading business and retail business. It mainly imports and exports hand tools, auto parts, machinery, furniture, and various home appliances. Test-Rite's marketplaces are located in the United States of America, Canada, Great Britain, France, Germany, Australia, etc.
68GF Score

Get the complete analysis for TPE:2908

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

NT$22.05
Price
NT$19.37
GF Value