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Evergreen Fibreboard Bhd (XKLS:5101) Accounts Receivable : RM77.6 Mil (As of Dec. 2023)


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What is Evergreen Fibreboard Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Evergreen Fibreboard Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM77.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Evergreen Fibreboard Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 30.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Evergreen Fibreboard Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM-0.13.


Evergreen Fibreboard Bhd Accounts Receivable Historical Data

The historical data trend for Evergreen Fibreboard 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.

* Premium members only.

Evergreen Fibreboard Bhd Accounts Receivable Chart

Evergreen Fibreboard Bhd 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 83.58 66.27 114.40 61.32 77.63

Evergreen Fibreboard Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 61.32 42.41 64.34 71.88 77.63

Evergreen Fibreboard Bhd Accounts Receivable Calculation

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


Evergreen Fibreboard 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 Fibreboard Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=77.626/235.224*91
=30.11

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

Evergreen Fibreboard Bhd's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(199.569+0.75 * 77.626+0.5 * 187.633-460.196
-0-0)/844.667
=-0.13

* 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 Fibreboard Bhd Accounts Receivable Related Terms

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Evergreen Fibreboard Bhd (XKLS:5101) Business Description

Traded in Other Exchanges
N/A
Address
PLO 22, Parit Raja Industrial Estate, Batu Pahat, Parit Raja, JHR, MYS, 86400
Evergreen Fibreboard Bhd is a Malaysia based company engaged in the manufacture of medium-density fibreboard and wooden furniture. The group is organised into three geographical segments; Malaysia which involves the manufacture of medium density fibreboard, wooden furniture parts and furniture, particleboard, glue, and resin, as well as trading and managing of plantation; Thailand which involves the production and distribution of medium density fibreboard and wood products; and Indonesia which comprises manufacture of medium density fibreboard, glue and resin; and Others which consists distribution of household products made of rubberwood. It derives prime revenue from Malaysia.

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