Tong Ming Enterprise Co (TPE:5538) Change In Receivables: NT$-793 Mil (TTM As of Jun. 2026)

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TPE:5538 Tong Ming Enterprise Co Ltd TPE:5538
83 GF Score
Price NT$37.05
GF Value NT$32.82
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Tong Ming Enterprise Co Change In Receivables?

Tong Ming Enterprise Co TPE:5538 +0.14% 83 Change In Receivables is NT$-793 Mil as of Jun. 2026. GuruFocus rates TPE:5538 with a GF Score™ of 83/100 and a GF Value™ of NT$32.82 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Tong Ming Enterprise Co's change in receivables for the quarter that ended in Jun. 2026 was NT$-509 Mil. It means Tong Ming Enterprise Co's Accounts Receivable increased by NT$509 Mil from Mar. 2026 to Jun. 2026 .

Tong Ming Enterprise Co's change in receivables for the fiscal year that ended in Dec. 2025 was NT$313 Mil. It means Tong Ming Enterprise Co's Accounts Receivable declined by NT$313 Mil from Dec. 2024 to Dec. 2025 .

Tong Ming Enterprise Co's Accounts Receivable for the quarter that ended in Jun. 2026 was NT$2,519 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. Tong Ming Enterprise Co's Days Sales Outstanding for the three months ended in Jun. 2026 was 62.87.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tong Ming Enterprise Co's liquidation value for the three months ended in Jun. 2026 was NT$252 Mil.

Tong Ming Enterprise Co  (TPE:5538) 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.

Tong Ming Enterprise 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
=2518.942/3656.199*91
=62.87

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

Tong Ming Enterprise 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)
=3612.858-8105.544+0.75 * 2518.942+0.5 * 5711.815
=252

* 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.

Tong Ming Enterprise Co Change In Receivables Related Terms

Tong Ming Enterprise Co Change In Receivables Historical Data

* Premium members only.

The historical data trend for Tong Ming Enterprise 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.

Tong Ming Enterprise Co Change In Receivables Chart

Tong Ming Enterprise 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 -855.30 276.78 213.13 -427.76 312.99

Tong Ming Enterprise 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 129.68 -26.76 -177.34 -79.90 -508.65
TPE:5538
83GF Score
Tong Ming Enterprise Co Ltd TPE:5538
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Tong Ming Enterprise 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$-793 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$-793 Mil mean?
Tong Ming Enterprise Co (TPE:5538) has a Change In Receivables of NT$-793 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Tong Ming Enterprise Co and its competitors.
Is Tong Ming Enterprise Co's Change In Receivables too high?
Tong Ming Enterprise Co's current Change In Receivables is NT$-793 Mil. Overall, Tong Ming Enterprise Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's Change In Receivables compare to NUE and STLD?
Tong Ming Enterprise Co's Change In Receivables of NT$-793 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 Tong Ming Enterprise Co and its competitors. Tong Ming Enterprise Co's current Change In Receivables is NT$-793 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$32.82, compared to a current price of NT$37.05 — trading 12.9% above its estimated fair value. The current Change In Receivables is NT$-793 Mil. Tong Ming Enterprise Co's overall GF Score™ is 83/100 with 7 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 Tong Ming Enterprise Co (TPE:5538), the current Change In Receivables is NT$-793 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 Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?

Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued. The current stock price of NT$37.05 is trading 12.9% above its estimated GF Value™ of NT$32.82. GuruFocus considers Tong Ming Enterprise Co to be Modestly Overvalued.

Key valuation signals for TPE:5538:

  • Change In Receivables: NT$-793 Mil
  • GF Value™: NT$32.82 vs. price of NT$37.05 (12.9% above fair value)
  • GF Score™: 83/100 with 7 warning signs

No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tong Ming Enterprise Co Business Description

Address No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
83GF Score

Get the complete analysis for TPE:5538

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

NT$37.05
Price
NT$32.82
GF Value