Formosa Petrochemical (TPE:6505) Change In Receivables : NT$2,015 Mil (TTM As of Mar. 2024)

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What is Formosa Petrochemical Change In Receivables?

Formosa Petrochemical's change in receivables for the quarter that ended in Mar. 2024 was NT$-3,399 Mil. It means Formosa Petrochemical's Accounts Receivable increased by NT$3,399 Mil from Dec. 2023 to Mar. 2024 .

Formosa Petrochemical's change in receivables for the fiscal year that ended in Dec. 2023 was NT$9,851 Mil. It means Formosa Petrochemical's Accounts Receivable declined by NT$9,851 Mil from Dec. 2022 to Dec. 2023 .

Formosa Petrochemical's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$48,525 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. Formosa Petrochemical's Days Sales Outstanding for the three months ended in Mar. 2024 was 25.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Formosa Petrochemical's liquidation value for the three months ended in Mar. 2024 was NT$74,372 Mil.

Formosa Petrochemical Change In Receivables Historical Data

The historical data trend for Formosa Petrochemical'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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Formosa Petrochemical Change In Receivables Chart

Formosa Petrochemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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8,295.77

12,080.14

-19,036.52

-7,020.66

9,850.89

Formosa Petrochemical 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															4,437.61	566.80	-12,465.58	17,312.05	-3,398.58

Formosa Petrochemical 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$2,015 Mil.

Formosa Petrochemical (TPE:6505) 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.

Formosa Petrochemical's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	48524.518	/	171196.938	*	91
=	25.86

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

Formosa Petrochemical'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)
=	91623.538	-	92848.279	+	0.75 * 48524.518	+	0.5 * 78405.855
=	74,372

Formosa Petrochemical Change In Receivables Related Terms

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Formosa Petrochemical (TPE:6505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Formosa Petrochemical Corp (TPE:6505) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-1, Formosa Plastics Industrial Park, Zhongxing Village, Mailiao Township, Yunlin County, Taipei, TWN, 638

Website

http://www.fpcc.com.tw

Formosa Petrochemical Corp engages in refining crude oil, selling refined petroleum products, and producing and selling olefins. The firm operates in two segments. The Petrochemical segment that derives majority revenue engages in producing and selling petroleum, and petrochemical products. The Public utility segment engages in producing and selling water, electricity, and steam. Its product offerings comprise gasoline, jet fuel, kerosene, fuel oil, asphalt, sulfur, lubricant, diesel, naphtha, and liquid petroleum gas.

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