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China Development Financial Holding (TPE:2883) Accounts Receivable : NT$0 Mil (As of Mar. 2024)


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What is China Development Financial Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Development Financial Holding's accounts receivables for the quarter that ended in Mar. 2024 was NT$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Development Financial Holding's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Development Financial Holding's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-204.88.


China Development Financial Holding Accounts Receivable Historical Data

The historical data trend for China Development Financial Holding'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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China Development Financial Holding Accounts Receivable Chart

China Development Financial Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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China Development Financial Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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China Development Financial Holding Accounts Receivable Calculation

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


China Development Financial Holding 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.

China Development Financial Holding's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/19495.944*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), China Development Financial Holding's accounts receivable are only considered to be worth 75% of book value:

China Development Financial Holding'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)
=(92993.542+0.75 * 0+0.5 * 0-3525605.061
-15821.424-135.91)/16832.2
=-204.88

* 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.


China Development Financial Holding Accounts Receivable Related Terms

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China Development Financial Holding (TPE:2883) Business Description

Traded in Other Exchanges
N/A
Address
No. 135, Dunhua N. Road, Songshan District, Taipei, TWN, 105
China Development Financial Holding Corp is a financial services group catering primarily to the Taiwanese and Chinese markets. The company operates under four reportable segments: Venture Capital, which engages in investing, fundraising, and the management of private equity funds; Commercial Banking, which engages in consumer banking, corporate banking, and global market and financial institutions; Securities, which engages in wealth management, trading, and investment banking; and Insurance, which operates life insurance businesses. Most of its revenue is derived from noninterest income through the insurance segment.

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