LHN Logistics (SGX:GIH) Accounts Receivable : S$5.23 Mil (As of Mar. 2023)

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What is LHN Logistics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LHN Logistics's accounts receivables for the quarter that ended in Mar. 2023 was S$5.23 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LHN Logistics's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 74.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LHN Logistics's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was S$-0.11.

LHN Logistics Accounts Receivable Historical Data

The historical data trend for LHN Logistics'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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LHN Logistics Accounts Receivable Chart

LHN Logistics Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Accounts Receivable

4.62

4.33

4.45

4.90

LHN Logistics Semi-Annual Data
	Sep19	Sep20	Sep21	Mar22	Sep22	Mar23
Accounts Receivable	Get a 7-Day Free Trial			4.33	4.45	-	4.90	5.23

LHN Logistics Accounts Receivable Calculation

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

LHN Logistics 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.

LHN Logistics's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.23	/	12.735	*	91
=	74.95

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

LHN Logistics's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 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)
=	(3.365	+	0.75 * 5.23	+	0.5 * 0.16	-	22.794
-	0	-	3.12)	/	167.679
=	-0.11

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.

LHN Logistics Accounts Receivable Related Terms

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LHN Logistics (SGX:GIH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LHN Logistics Ltd (SGX:GIH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Raeburn Park No. 02-15B, Singapore, SGP, 088702

Website

https://www.lhnlogistics.com

LHN Logistics Ltd is a logistics services group with two principal business segments, namely, transportation and container depot services. Geographically it derives a majority of its revenue from Singapore.

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