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Texture Maker Enterprise Co (ROCO:6963) Accounts Receivable : NT$136.3 Mil (As of Dec. 2023)


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What is Texture Maker Enterprise Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Texture Maker Enterprise Co's accounts receivables for the quarter that ended in Dec. 2023 was NT$136.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Texture Maker Enterprise Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 59.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Texture Maker Enterprise Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$-14.89.

Texture Maker Enterprise Co Accounts Receivable Historical Data

The historical data trend for Texture Maker Enterprise Co's Accounts Receivable 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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Texture Maker Enterprise Co Accounts Receivable Chart

Texture Maker Enterprise Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
109.37 165.93 177.89 136.27

Texture Maker Enterprise Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable 165.93 - 177.89 158.03 136.27

Texture Maker Enterprise Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Texture Maker Enterprise Co Accounts Receivable 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 receivables are being managed.

Texture Maker Enterprise Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=136.274/417.857*91
=59.52

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Texture Maker Enterprise Co's accounts receivable are only considered to be worth 75% of book value:

Texture Maker Enterprise Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(119.1+0.75 * 136.274+0.5 * 142.277-472.767
-0-0)/12.1091
=-14.89

* 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.

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Texture Maker Enterprise Co Accounts Receivable Related Terms

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Texture Maker Enterprise Co (ROCO:6963) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Texture Maker Enterprise Co Ltd (ROCO:6963) » Definitions » Accounts Receivable
Comparable Companies
Traded in Other Exchanges
N/A
Address
Zhongzheng E. Road, 28F., No.27-8, Sec. 2, Tamsui District, New Taipei City, TWN, 251
Website
https://www.texturemaker.com.tw
Texture Maker Enterprise Co Ltd is a is a food ingredient R&D center and also a premix manufacturer. It is engaged in developing innovative food textures and includes three categories Bakery, Beverage, and food texture. Its bakery products include Mochi bread mix, Mojo Mix, Purple yam bread mix, etc. Beverage products include vegan non-dairy creamer, Non-dairy creamer, Banana beverage powder, etc. Food texture products include Korean-style dipping sauce, Japanese-style fried chicken mix, Fried seafood coating mix etc.

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