Hwa Fong Rubber Ind Co (TPE:2109) Change In Receivables : NT$2 Mil (TTM As of Mar. 2024)

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What is Hwa Fong Rubber Ind Co Change In Receivables?

Hwa Fong Rubber Ind Co's change in receivables for the quarter that ended in Mar. 2024 was NT$-37 Mil. It means Hwa Fong Rubber Ind Co's Accounts Receivable increased by NT$37 Mil from Dec. 2023 to Mar. 2024 .

Hwa Fong Rubber Ind Co's change in receivables for the fiscal year that ended in Dec. 2023 was NT$140 Mil. It means Hwa Fong Rubber Ind Co's Accounts Receivable declined by NT$140 Mil from Dec. 2022 to Dec. 2023 .

Hwa Fong Rubber Ind Co's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$638 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. Hwa Fong Rubber Ind Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 50.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hwa Fong Rubber Ind Co's liquidation value for the three months ended in Mar. 2024 was NT$744 Mil.

Hwa Fong Rubber Ind Co Change In Receivables Historical Data

The historical data trend for Hwa Fong Rubber Ind 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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Hwa Fong Rubber Ind Co Change In Receivables Chart

Hwa Fong Rubber Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-58.07

58.56

-117.96

256.28

140.49

Hwa Fong Rubber Ind 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															101.29	-64.16	69.91	33.45	-37.44

Hwa Fong Rubber Ind 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$2 Mil.

Hwa Fong Rubber Ind Co (TPE:2109) 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.

Hwa Fong Rubber Ind 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
=	638.269	/	1153.666	*	91
=	50.48

2. In Ben Graham's calculation of liquidation value, Hwa Fong Rubber Ind Co's accounts receivable are only considered to be worth 75% of book value:

Hwa Fong Rubber Ind 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)
=	2832.54	-	3020.843	+	0.75 * 638.269	+	0.5 * 907.598
=	744

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Hwa Fong Rubber Ind Co (TPE:2109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hwa Fong Rubber Ind Co Ltd (TPE:2109) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.300, Chung-Shan Road, Section 2, Ta-Tsun Hsiang, Changhua County, TWN, 515002

Website

https://www.duro.com.tw

Hwa Fong Rubber Ind Co Ltd is a Taiwan based company whose business is the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. It engages in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks and radial tires. Its tire products are used in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The company distributes its products in the domestic market and to overseas markets.

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