Shining Victory Motor Electronic Co (ROCO:2248) Change In Receivables : NT$-517 Mil (TTM As of Dec. 2023)

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What is Shining Victory Motor Electronic Co Change In Receivables?

Shining Victory Motor Electronic Co's change in receivables for the quarter that ended in Dec. 2023 was NT$-363 Mil. It means Shining Victory Motor Electronic Co's Accounts Receivable increased by NT$363 Mil from Jun. 2023 to Dec. 2023 .

Shining Victory Motor Electronic Co's change in receivables for the fiscal year that ended in Dec. 2023 was NT$-517 Mil. It means Shining Victory Motor Electronic Co's Accounts Receivable increased by NT$517 Mil from Dec. 2022 to Dec. 2023 .

Shining Victory Motor Electronic Co's Accounts Receivable for the quarter that ended in Dec. 2023 was NT$833 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. Shining Victory Motor Electronic Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 128.75.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shining Victory Motor Electronic Co's liquidation value for the six months ended in Dec. 2023 was NT$-226 Mil.

Shining Victory Motor Electronic Co Change In Receivables Historical Data

The historical data trend for Shining Victory Motor Electronic 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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Shining Victory Motor Electronic Co Change In Receivables Chart

Shining Victory Motor Electronic Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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56.21

-102.26

-46.28

-197.52

-516.73

Shining Victory Motor Electronic Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial											-52.81	35.96	-233.48	-153.71	-363.02

Shining Victory Motor Electronic 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$-517 Mil.

Shining Victory Motor Electronic Co (ROCO:2248) 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.

Shining Victory Motor Electronic 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
=	833.341	/	1181.227	*	91
=	128.75

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

Shining Victory Motor Electronic 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)
=	197.078	-	1197.468	+	0.75 * 833.341	+	0.5 * 298.098
=	-226

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Shining Victory Motor Electronic Co (ROCO:2248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shining Victory Motor Electronic Co Ltd (ROCO:2248) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1199, Xinxing 2nd Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN

Website

http://www.top-elan.com

Shining Victory Motor Electron is a Chinese holding company that operates in the auto industry. The company through its holding is engaged in manufacturing auto parts, photoelectric products, and car decoration products. Its products offerings include Interior Ambient Lamp Series, LED Photoelectric Series, Interior/ exterior Decoration, and Refitted vehicle series all used in auto industry.

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