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Daito Me Holdings Co (ROCO:8455) Accounts Receivable : NT$190 Mil (As of Sep. 2024)


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What is Daito Me Holdings Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Daito Me Holdings Co's accounts receivables for the quarter that ended in Sep. 2024 was NT$190 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Daito Me Holdings Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 56.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Daito Me Holdings Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was NT$-15.59.


Daito Me Holdings Co Accounts Receivable Historical Data

The historical data trend for Daito Me Holdings Co'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.

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Daito Me Holdings Co Accounts Receivable Chart

Daito Me Holdings Co 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 338.31 200.83 273.72 249.38 178.03

Daito Me Holdings Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 233.10 178.03 249.00 168.49 189.80

Daito Me Holdings Co Accounts Receivable Calculation

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


Daito Me Holdings Co 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.

Daito Me Holdings Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=189.796/308.937*91
=56.06

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

Daito Me Holdings Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(302.347+0.75 * 189.796+0.5 * 70.857-767.367
-0-105.997)/25.219
=-15.59

* 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.


Daito Me Holdings Co Accounts Receivable Related Terms

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Daito Me Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
190 Elgin Avenue, George Town, Grand Cayman, CYM, KY1-9005
Daito Me Holdings Co Ltd along with its subsidiaries, engages in the processing and sale of electronic components and machinery equipment. The company's reportable segments are; Merchandise which generates maximum revenue and is involved in the sale of electronic components and machinery equipment; the FA segment designs, manufactures, and sells power control hardware and software; the PC segment develops, designs, and sells industrial computers; and the PCB segment is engaged in manufacturing and trading of copper clad laminate and adhesive films. Geographically, the company derives a majority of its revenue from Japan and the rest from Taiwan.

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