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Emerging Display Technologies (TPE:3038) Accounts Receivable : NT$590 Mil (As of Mar. 2024)


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What is Emerging Display Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Emerging Display Technologies's accounts receivables for the quarter that ended in Mar. 2024 was NT$590 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Emerging Display Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 56.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Emerging Display Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$7.31.


Emerging Display Technologies Accounts Receivable Historical Data

The historical data trend for Emerging Display Technologies'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.

Emerging Display Technologies Accounts Receivable Chart

Emerging Display Technologies 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 537.59 589.55 749.53 698.48 615.87

Emerging Display Technologies 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 671.18 712.11 748.89 615.87 590.49

Emerging Display Technologies Accounts Receivable Calculation

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


Emerging Display Technologies 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.

Emerging Display Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=590.489/949.637*91
=56.74

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

Emerging Display Technologies'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)
=(1998.412+0.75 * 590.489+0.5 * 748.69-1691.814
-0-37.646)/148.614
=7.31

* 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.


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Emerging Display Technologies (TPE:3038) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Central 1st Road, Qianzhen District, Kaohsiung City, TWN
Emerging Display Technologies Corp is engaged in manufacturing and selling Capacity Touch Panel and liquid crystal displays (LCDs). Its operating segments include the domestic segment, the North America segment, and the mainland China segment. The domestic segment engages in designing, manufacturing, and selling liquid crystal displays modules and capacitive touch panel, and functions as operating headquarters of the Group. The North America segment mainly expands the North American trading business and implements marketing functions in North America. The North America segment engages in the sale of liquid crystal displays provided by the domestic segment. The mainland China segment engages in the manufacture of processing raw materials and supplies provided by the domestic segment.

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