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President Automobile Industries PCL (BKK:PACO) Accounts Receivable : ฿279 Mil (As of Mar. 2024)


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What is President Automobile Industries PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. President Automobile Industries PCL's accounts receivables for the quarter that ended in Mar. 2024 was ฿279 Mil.

Accounts receivable can be measured by Days Sales Outstanding. President Automobile Industries PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 98.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. President Automobile Industries PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿0.26.


President Automobile Industries PCL Accounts Receivable Historical Data

The historical data trend for President Automobile Industries PCL'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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President Automobile Industries PCL Accounts Receivable Chart

President Automobile Industries PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- 103.01 126.75 220.43 251.54

President Automobile Industries PCL Quarterly Data
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 191.94 274.16 257.88 251.54 279.42

President Automobile Industries PCL Accounts Receivable Calculation

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


President Automobile Industries PCL 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.

President Automobile Industries PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=279.421/259.734*91
=98.17

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

President Automobile Industries PCL'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)
=(164.529+0.75 * 279.421+0.5 * 443.219-340.488
-0-0)/1000
=0.26

* 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.


President Automobile Industries PCL Accounts Receivable Related Terms

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President Automobile Industries PCL (BKK:PACO) Business Description

Traded in Other Exchanges
N/A
Address
Satethakit 1 Road, 88/8, Moo 9, Soi Wor-Por-Or 11 (Piset), Suanluang, Kratumban, Samutsakorn, THA, 74110
President Automobile Industries PCL is engaged in two reportable segments the manufacture and distribution of automotive air conditioning components and the trading segment. The products offered by the company are condensers, evaporators, compressors, oil coolers, Air conditioning electrical parts, refrigerants, intercoolers and other accessories. The company has a business presence in Thailand, the Middle East, South East Asia, South Asia, North America, South America, Europe, East Asia and other regions.

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