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Arka Bhd (XKLS:7218) Accounts Receivable : RM11.10 Mil (As of Dec. 2023)


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What is Arka Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Arka Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM11.10 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Arka Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 89.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Arka Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM-0.36.


Arka Bhd Accounts Receivable Historical Data

The historical data trend for Arka 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.

Arka Bhd Accounts Receivable Chart

Arka 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 6.46 3.31 6.71 8.03 11.10

Arka 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 8.03 8.89 9.09 11.54 11.10

Arka Bhd Accounts Receivable Calculation

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


Arka 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.

Arka 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
=11.095/11.328*91
=89.37

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

Arka 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)
=(1.654+0.75 * 11.095+0.5 * 0.574-34.104
-0--0.731)/65.0984
=-0.36

* 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.


Arka Bhd Accounts Receivable Related Terms

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Arka Bhd (XKLS:7218) Business Description

Traded in Other Exchanges
N/A
Address
Lot 2955, 2956 & 2957, Jalan Perusahaan Sungai Lokan 3, Kawasan Perusahaan Sungai Lokan, Butterworth, PNG, MYS, 13400
TransOcean Holdings Bhd is a provider of logistics and logistics related activities. The company provides trucking services and cross-border trucking services for consolidation cargo or loose truck loads services from the Malaysia-Singapore-Malaysia and Malaysia-Thailand-Malaysia routes. Its segments consist of Logistic solution that provide customs brokerage, warehousing, freight forwarding trucking related services, international air and ocean freight services; Tyre products that manufactures and trades in tyres; and Investment holdings that provides management services and letting of properties. Majority of the revenue is derived from the provision of custom brokerage, warehousing, freight forwarding trucking related services, international air and ocean freight services.

Arka Bhd (XKLS:7218) Headlines

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