GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tech-Top Engineering Co Ltd (ROCO:6750) » Definitions » Change In Receivables

Tech-Top Engineering Co (ROCO:6750) Change In Receivables : NT$194 Mil (TTM As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Tech-Top Engineering Co Change In Receivables?

Tech-Top Engineering Co's change in receivables for the quarter that ended in Dec. 2023 was NT$236 Mil. It means Tech-Top Engineering Co's Accounts Receivable declined by NT$236 Mil from Jun. 2023 to Dec. 2023 .

Tech-Top Engineering Co's change in receivables for the fiscal year that ended in Dec. 2023 was NT$194 Mil. It means Tech-Top Engineering Co's Accounts Receivable declined by NT$194 Mil from Dec. 2022 to Dec. 2023 .

Tech-Top Engineering Co's Accounts Receivable for the quarter that ended in Dec. 2023 was NT$472 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. Tech-Top Engineering Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 57.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tech-Top Engineering Co's liquidation value for the six months ended in Dec. 2023 was NT$-1,149 Mil.

Tech-Top Engineering Co Change In Receivables Historical Data

The historical data trend for Tech-Top Engineering 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.

* Premium members only.

Tech-Top Engineering Co Change In Receivables Chart

Tech-Top Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial 38.40 -378.86 -316.49 -194.66 194.45

Tech-Top Engineering Co Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -87.03 -45.68 -148.97 -41.59 236.04

Tech-Top Engineering 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$194 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.

Tech-Top Engineering Co  (ROCO:6750) 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.

Tech-Top Engineering 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
=472.405/1505.413*91
=57.27

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

Tech-Top Engineering Co's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=610.004-2114.37+0.75 * 472.405+0.5 * 1.643
=-1,149

* 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.

Tech-Top Engineering Co Change In Receivables Related Terms

Thank you for viewing the detailed overview of Tech-Top Engineering Co's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Tech-Top Engineering Co (ROCO:6750) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tech-Top Engineering Co Ltd (ROCO:6750) » Definitions » Change In Receivables
Comparable Companies
ROCO:5547 ROCO:5548 ROCO:1594 TPE:3018 ROCO:5516 ROCO:4550 TPE:2516 ROCO:7590 TPE:3052 ROCO:6179 XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260
Traded in Other Exchanges
N/A
Address
No. 158 Jiankang Road, 10 Floor, Zhonghe District, Taipei, TWN
Website
http://www.tech-top-eng.com
Tech-Top Engineering Co Ltd is an engineering company that provides services for cleanroom setup, water, and electrical supply system, fire control system, air conditioning, and laboratory facility. The company also provides PV and BIPV design, planning and construction.

Tech-Top Engineering Co (ROCO:6750) Headlines

No Headlines