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Well Graded Engineering PCL (BKK:WGE) Accounts Receivable : ฿237 Mil (As of Mar. 2024)


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What is Well Graded Engineering PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Well Graded Engineering PCL's accounts receivables for the quarter that ended in Mar. 2024 was ฿237 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Well Graded Engineering PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 43.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Well Graded Engineering PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿-1.59.


Well Graded Engineering PCL Accounts Receivable Historical Data

The historical data trend for Well Graded Engineering 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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Well Graded Engineering PCL Accounts Receivable Chart

Well Graded Engineering PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
166.46 132.87 256.13 247.89 241.74

Well Graded Engineering PCL Quarterly Data
Jun19 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 125.62 176.02 129.78 241.74 236.72

Well Graded Engineering PCL Accounts Receivable Calculation

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


Well Graded Engineering 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.

Well Graded Engineering 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
=236.723/492.041*91
=43.90

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

Well Graded Engineering 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)
=(105.52+0.75 * 236.723+0.5 * 55.409-1267.648
-0-0)/600
=-1.59

* 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.


Well Graded Engineering PCL Accounts Receivable Related Terms

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Well Graded Engineering PCL (BKK:WGE) Business Description

Traded in Other Exchanges
N/A
Address
50/1203 Moo 9, Bangpood, Pakkred, Nonthaburi, THA, 11120
Well Graded Engineering PCL is an engineering and construction company. The company is engaged in the business of construction work services and consultants for the design and supervision of construction, engineering, and architecture works. Its projects portfolio includes High Rise Condo; Low Rise Condo; Office Building; Hospital; Sales Gallery; Community Mall; an Interior; Factory; Public Utility System; and Renovate.

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