U-Best Innovative Technology Co (ROCO:4714) Change In Receivables : NT$9.1 Mil (TTM As of Mar. 2024)

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What is U-Best Innovative Technology Co Change In Receivables?

U-Best Innovative Technology Co's change in receivables for the quarter that ended in Mar. 2024 was NT$-4.4 Mil. It means U-Best Innovative Technology Co's Accounts Receivable increased by NT$4.4 Mil from Dec. 2023 to Mar. 2024 .

U-Best Innovative Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was NT$43.2 Mil. It means U-Best Innovative Technology Co's Accounts Receivable declined by NT$43.2 Mil from Dec. 2022 to Dec. 2023 .

U-Best Innovative Technology Co's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$99.5 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. U-Best Innovative Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 59.73.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. U-Best Innovative Technology Co's liquidation value for the three months ended in Mar. 2024 was NT$1,182.3 Mil.

U-Best Innovative Technology Co Change In Receivables Historical Data

The historical data trend for U-Best Innovative Technology 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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U-Best Innovative Technology Co Change In Receivables Chart

U-Best Innovative Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-37.46

68.91

-36.52

18.91

43.19

U-Best Innovative Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															29.70	43.98	-23.33	-7.17	-4.41

U-Best Innovative Technology 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$9.1 Mil.

U-Best Innovative Technology Co (ROCO:4714) 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.

U-Best Innovative Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	99.491	/	151.992	*	91
=	59.73

2. In Ben Graham's calculation of liquidation value, U-Best Innovative Technology Co's accounts receivable are only considered to be worth 75% of book value:

U-Best Innovative Technology Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1840.924	-	1887.742	+	0.75 * 99.491	+	0.5 * 2309.006
=	1,182.3

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U-Best Innovative Technology Co (ROCO:4714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » U-Best Innovative Technology Co Ltd (ROCO:4714) » Definitions » Change In Receivables

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Address

Number 258-26, Anding,, Anjia Village,, Anding District,, Tainan, TWN

Website

https://www.u-best-inno.com

U-Best Innovative Technology Co Ltd is a Taiwan-based company engaged in manufacturing and trading polymer chemical raw materials and synthetic leather, plastic leather, and flocked fabric; development, leasing, and sale of residential and office buildings; breeding of livestock; and trading of commodities. The products of the company's polymer chemical raw materials include polyurethane resins, adhesives, surface treatment agents, and solvents.

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