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Ttet Union (TPE:1232) Accounts Receivable : NT$1,020 Mil (As of Mar. 2024)


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What is Ttet Union Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ttet Union's accounts receivables for the quarter that ended in Mar. 2024 was NT$1,020 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ttet Union's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 16.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ttet Union's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$12.49.


Ttet Union Accounts Receivable Historical Data

The historical data trend for Ttet Union's Accounts Receivable 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.

* Premium members only.

Ttet Union Accounts Receivable Chart

Ttet Union Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 847.26 899.64 909.66 1,214.46 1,103.88

Ttet Union Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 977.32 1,014.17 1,089.13 1,103.88 1,019.64

Ttet Union Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Ttet Union Accounts Receivable 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 receivables are being managed.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1019.637/5626.346*91
=16.54

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Ttet Union's accounts receivable are only considered to be worth 75% of book value:

Ttet Union's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2836.669+0.75 * 1019.637+0.5 * 2053.58-2462.728
-0-167.619)/159.975
=12.49

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Ttet Union Accounts Receivable Related Terms

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Ttet Union (TPE:1232) Business Description

Traded in Other Exchanges
N/A
Address
32 Gungye West Road, Erzhen Village,Guantian District, Tainan, TWN, 72048
Ttet Union Corp is a Taiwan based vegetable oil and protein product provider. The company is mainly engaged in the manufacture, sales, processing, import, and export of a variety of vegetable oils and fat, and engaged in cogeneration plant business, wholesale, and retailing of oils. The company's product portfolio includes soybean oil, canola oil, deep-frying oil, palm olein, soybean meal, dehulled high-protein soybean meal, soybean hull pellet, and high-protein soybean flake among others. Geographically, the majority is from Taiwan.

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