Tung Ho Steel Enterprise (TPE:2006) Accounts Receivable : NT$3,670 Mil (As of Mar. 2024)

View and export this data going back to 1988. Start your Free Trial

What is Tung Ho Steel Enterprise Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tung Ho Steel Enterprise's accounts receivables for the quarter that ended in Mar. 2024 was NT$3,670 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tung Ho Steel Enterprise's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 22.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tung Ho Steel Enterprise's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-17.10.

Tung Ho Steel Enterprise Accounts Receivable Historical Data

The historical data trend for Tung Ho Steel Enterprise'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.

* Premium members only.

Tung Ho Steel Enterprise Accounts Receivable Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

2,962.48

2,746.73

3,952.40

3,368.53

4,189.71

Tung Ho Steel Enterprise Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															3,653.88	3,895.23	3,921.78	4,189.71	3,670.41

Tung Ho Steel Enterprise Accounts Receivable Calculation

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

Tung Ho Steel Enterprise 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.

Tung Ho Steel Enterprise's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3670.405	/	14846.311	*	91
=	22.56

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

Tung Ho Steel Enterprise's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(2367.877	+	0.75 * 3670.405	+	0.5 * 19777.519	-	27377.005
-	0	-	121.274)	/	730.214
=	-17.10

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.

Tung Ho Steel Enterprise Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Tung Ho Steel Enterprise's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tung Ho Steel Enterprise (TPE:2006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (TPE:2006) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

Tung Ho Steel Enterprise (TPE:2006) Headlines

No Headlines