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Evergreen Max Cash Capital Bhd (XKLS:0286) Accounts Receivable : RM208.32 Mil (As of Mar. 2024)


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What is Evergreen Max Cash Capital Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Evergreen Max Cash Capital Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM208.32 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Evergreen Max Cash Capital Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 705.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Evergreen Max Cash Capital Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM0.10.


Evergreen Max Cash Capital Bhd Accounts Receivable Historical Data

The historical data trend for Evergreen Max Cash Capital Bhd'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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Evergreen Max Cash Capital Bhd Accounts Receivable Chart

Evergreen Max Cash Capital Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
3.64 4.62 10.51 9.93 25.29

Evergreen Max Cash Capital Bhd Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 9.93 - 174.94 25.29 208.32

Evergreen Max Cash Capital Bhd Accounts Receivable Calculation

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


Evergreen Max Cash Capital Bhd 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.

Evergreen Max Cash Capital Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=208.32/26.954*91
=705.25

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

Evergreen Max Cash Capital Bhd'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)
=(50.658+0.75 * 208.32+0.5 * 2.383-93.339
-0-0)/1114.9
=0.10

* 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.


Evergreen Max Cash Capital Bhd Accounts Receivable Related Terms

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Evergreen Max Cash Capital Bhd (XKLS:0286) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Jalan Lima Off, Jalan Chan Sow Lin, Lot 11-10, Level 11, Wisma Trax, Wilayah Persekutuan, Kuala Lumpur, MYS, 55200
Evergreen Max Cash Capital Bhd is an investment holding company that operates through its subsidiaries. The Group is principally involved in the provision of pawnbroking services. It is also involved in the business of retail and trading of gold and other products as well as provision of pawnbroking consultancy services and IT solutions to third-party pawnbrokers.

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