Formosan Union Chemical (TPE:1709) Change In Receivables : NT$-95 Mil (TTM As of Mar. 2024)

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What is Formosan Union Chemical Change In Receivables?

Formosan Union Chemical's change in receivables for the quarter that ended in Mar. 2024 was NT$-242 Mil. It means Formosan Union Chemical's Accounts Receivable increased by NT$242 Mil from Dec. 2023 to Mar. 2024 .

Formosan Union Chemical's change in receivables for the fiscal year that ended in Dec. 2023 was NT$-200 Mil. It means Formosan Union Chemical's Accounts Receivable increased by NT$200 Mil from Dec. 2022 to Dec. 2023 .

Formosan Union Chemical's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$1,305 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. Formosan Union Chemical's Days Sales Outstanding for the three months ended in Mar. 2024 was 46.78.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Formosan Union Chemical's liquidation value for the three months ended in Mar. 2024 was NT$-1,211 Mil.

Formosan Union Chemical Change In Receivables Historical Data

The historical data trend for Formosan Union Chemical'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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Formosan Union Chemical Change In Receivables Chart

Formosan Union Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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21.69

-15.09

-36.10

54.37

-200.38

Formosan Union Chemical 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															-347.29	246.94	-47.79	-52.24	-241.86

Formosan Union Chemical 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$-95 Mil.

Formosan Union Chemical (TPE:1709) 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.

Formosan Union Chemical's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1305.019	/	2545.591	*	91
=	46.78

2. In Ben Graham's calculation of liquidation value, Formosan Union Chemical's accounts receivable are only considered to be worth 75% of book value:

Formosan Union Chemical'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)
=	683.88	-	4510.352	+	0.75 * 1305.019	+	0.5 * 3273.955
=	-1,211

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Formosan Union Chemical (TPE:1709) Business Description

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Traded in Other Exchanges

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Address

No.206, Nanking East Road, 14th Floor, Section 2, Taipei, TWN

Website

http://www.fucc.com.tw

Formosan Union Chemical Corp is a Taiwan-based company principally engaged in the manufacturing, processing, and trading of chemical products. Its key products are alkyl benzene, nonyl phenol, and hydrogenated hydrocarbon resin and its derivatives. The products are mainly used as raw materials for detergents, surfactants rubbers, and plastic anti-oxidant agents, among others.

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