FitTech Co (TPE:6706) Change In Receivables : NT$146 Mil (TTM As of Mar. 2024)

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What is FitTech Co Change In Receivables?

FitTech Co's change in receivables for the quarter that ended in Mar. 2024 was NT$-78 Mil. It means FitTech Co's Accounts Receivable increased by NT$78 Mil from Dec. 2023 to Mar. 2024 .

FitTech Co's change in receivables for the fiscal year that ended in Dec. 2023 was NT$318 Mil. It means FitTech Co's Accounts Receivable declined by NT$318 Mil from Dec. 2022 to Dec. 2023 .

FitTech Co's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$411 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. FitTech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 208.93.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. FitTech Co's liquidation value for the three months ended in Mar. 2024 was NT$390 Mil.

FitTech Co Change In Receivables Historical Data

The historical data trend for FitTech 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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FitTech Co Change In Receivables Chart

FitTech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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212.76

-151.42

-575.72

484.90

317.98

FitTech Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															94.23	93.38	36.20	94.17	-78.00

FitTech 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$146 Mil.

FitTech Co (TPE:6706) 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.

FitTech 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
=	411.484	/	179.712	*	91
=	208.93

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

FitTech 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)
=	2068.316	-	2458.855	+	0.75 * 411.484	+	0.5 * 943.372
=	390

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FitTech Co (TPE:6706) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FitTech Co Ltd (TPE:6706) » Definitions » Change In Receivables

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Address

No. 3, Gongyequ 35th Road, 1st Floor, Hsinchu Industrial Park, Xitun District, Taichung, TWN, 407

Website

https://www.fittech.com.tw

FitTech Co Ltd is a Taiwan based company mainly engaged in the development of optoelectronics like LED wafer spot measuring and laser integrated application systems. Products offered by the company include LED test system, laser micro processing system, laser metal processing system, semi-automatic laser cutting system, handheld laser welding machine, among others. The company products are used in optoelectronics and optics-related industries, electronic components, semiconductor, automotive, and manufacturing related industries. It also offers after sales services. It has a market presence in China, Japan, South Korea, and Malaysia.

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