Tat Seng Packaging Group (SGX:T12) Change In Receivables : S$11.7 Mil (TTM As of Dec. 2023)

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What is Tat Seng Packaging Group Change In Receivables?

Tat Seng Packaging Group's change in receivables for the quarter that ended in Dec. 2023 was S$-7.5 Mil. It means Tat Seng Packaging Group's Accounts Receivable increased by S$7.5 Mil from Jun. 2023 to Dec. 2023 .

Tat Seng Packaging Group's change in receivables for the fiscal year that ended in Dec. 2023 was S$11.7 Mil. It means Tat Seng Packaging Group's Accounts Receivable declined by S$11.7 Mil from Dec. 2022 to Dec. 2023 .

Tat Seng Packaging Group's Accounts Receivable for the quarter that ended in Dec. 2023 was S$49.0 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. Tat Seng Packaging Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 67.42.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tat Seng Packaging Group's liquidation value for the six months ended in Dec. 2023 was S$32.5 Mil.

Tat Seng Packaging Group Change In Receivables Historical Data

The historical data trend for Tat Seng Packaging Group'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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Tat Seng Packaging Group Change In Receivables Chart

Tat Seng Packaging Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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26.84

-2.03

-5.01

6.00

11.67

Tat Seng Packaging Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															0.80	0.61	5.39	19.13	-7.46

Tat Seng Packaging Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$11.7 Mil.

Tat Seng Packaging Group (SGX:T12) 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.

Tat Seng Packaging Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	48.959	/	132.534	*	91
=	67.42

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

Tat Seng Packaging Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	104.24	-	119.073	+	0.75 * 48.959	+	0.5 * 21.245
=	32.5

Tat Seng Packaging Group Change In Receivables Related Terms

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Tat Seng Packaging Group (SGX:T12) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tat Seng Packaging Group Ltd (SGX:T12) » Definitions » Change In Receivables

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Address

28 Senoko Drive, Singapore, SGP, 758214

Website

http://www.tspg.sg

Tat Seng Packaging Group Ltd is engaged in manufacturing and sales of corrugated paper products and other packaging products. The company designs, manufactures and sells corrugated paper packaging products for the packing of a diverse range of products according to customers' specifications. Its key products include corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons and heavy duty corrugated paper products. It also carries and sells a range of other packaging related products. Its segments include Singapore and PRC with majority of the revenue deriving from PRC.

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