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Kumpulan Fima Bhd (XKLS:6491) Accounts Receivable : RM84.4 Mil (As of Dec. 2023)


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What is Kumpulan Fima Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kumpulan Fima Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM84.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kumpulan Fima Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 40.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kumpulan Fima Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM-1.04.


Kumpulan Fima Bhd Accounts Receivable Historical Data

The historical data trend for Kumpulan Fima 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.

Kumpulan Fima Bhd Accounts Receivable Chart

Kumpulan Fima Bhd Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 129.16 140.56 103.96 98.33 109.64

Kumpulan Fima 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 84.92 109.64 112.96 90.30 84.41

Kumpulan Fima Bhd Accounts Receivable Calculation

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


Kumpulan Fima 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.

Kumpulan Fima 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
=84.414/191.408*91
=40.24

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

Kumpulan Fima 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)
=(332.227+0.75 * 84.414+0.5 * 94.402-490.594
-0-239.286)/275.378
=-1.04

* 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.


Kumpulan Fima Bhd Accounts Receivable Related Terms

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Kumpulan Fima Bhd (XKLS:6491) Business Description

Traded in Other Exchanges
N/A
Address
No. 45, Jalan Medan Setia 1, Suite 4.1, Level 4, Block C, Plaza Damansara, Bukit Damansara, Kuala Lumpur, SGR, MYS, 50490
Kumpulan Fima Bhd is an investment holding company operating in various business segments. The Manufacturing segment is engaged in the production and trading of security and confidential documents. Its Bulking segment provides bulk handling and storage of various kinds of liquid and semi-liquid products as well as transportation and forwarding services. The Plantation segment consists of oil palm and pineapple estate operations. Its Food segment is involved in the fish processing, canning, distribution, and packaging of food products. The company's Other segment comprises of investment holding, rental, trading, and management of commercial real estate properties. Its geographical segments include Malaysia, Papua New Guinea, and Indonesia, of which key revenue is derived from Malaysia.

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