Tung Ho Steel Enterprise (TPE:2006) Change In Receivables : NT$-1,001 Mil (TTM As of Mar. 2024)

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What is Tung Ho Steel Enterprise Change In Receivables?

Tung Ho Steel Enterprise's change in receivables for the quarter that ended in Mar. 2024 was NT$449 Mil. It means Tung Ho Steel Enterprise's Accounts Receivable declined by NT$449 Mil from Dec. 2023 to Mar. 2024 .

Tung Ho Steel Enterprise's change in receivables for the fiscal year that ended in Dec. 2023 was NT$-1,822 Mil. It means Tung Ho Steel Enterprise's Accounts Receivable increased by NT$1,822 Mil from Dec. 2022 to Dec. 2023 .

Tung Ho Steel Enterprise's Accounts Receivable for the quarter that ended in Mar. 2024 was NT$3,670 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. Tung Ho Steel Enterprise's Days Sales Outstanding for the three months ended in Mar. 2024 was 22.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tung Ho Steel Enterprise's liquidation value for the three months ended in Mar. 2024 was NT$-12,368 Mil.

Tung Ho Steel Enterprise Change In Receivables Historical Data

The historical data trend for Tung Ho Steel Enterprise'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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Tung Ho Steel Enterprise Change In Receivables Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2,041.17

903.50

-1,808.50

460.73

-1,821.71

Tung Ho Steel Enterprise 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															-371.41	-730.23	-77.23	-642.85	449.34

Tung Ho Steel Enterprise 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$-1,001 Mil.

Tung Ho Steel Enterprise (TPE:2006) 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.

Tung Ho Steel Enterprise's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3670.405	/	14846.311	*	91
=	22.56

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

Tung Ho Steel Enterprise'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)
=	2367.877	-	27377.005	+	0.75 * 3670.405	+	0.5 * 19777.519
=	-12,368

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Tung Ho Steel Enterprise (TPE:2006) Business Description

Industry

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Traded in Other Exchanges

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Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

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