FSBM Holdings Bhd (XKLS:9377) Accounts Receivable : RM6.64 Mil (As of Dec. 2023)

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What is FSBM Holdings Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FSBM Holdings Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM6.64 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FSBM Holdings Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 169.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FSBM Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM0.04.

FSBM Holdings Bhd Accounts Receivable Historical Data

The historical data trend for FSBM Holdings 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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FSBM Holdings Bhd Accounts Receivable Chart

FSBM Holdings Bhd Annual Data

Trend

Dec12

Dec13

Jun15

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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6.80

6.20

0.15

5.05

6.64

FSBM Holdings Bhd Quarterly Data
	Sep18	Dec18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															5.05	6.26	7.36	8.35	6.64

FSBM Holdings Bhd Accounts Receivable Calculation

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

FSBM Holdings 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.

FSBM Holdings 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
=	6.641	/	3.584	*	91
=	169.08

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

FSBM Holdings 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)
=	(14.041	+	0.75 * 6.641	+	0.5 * 0	-	2.165
-	0	-	-2.129)	/	480.109
=	0.04

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.

FSBM Holdings Bhd Accounts Receivable Related Terms

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FSBM Holdings Bhd (XKLS:9377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FSBM Holdings Bhd (XKLS:9377) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

699, Jalan Damansara, A-2-6, Glomac Damansara, Wilayah Persekutuan Kuala Lumpur, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.fsbm.com.my

FSBM Holdings Bhd is an investment holding company. Its principal activities consist of the distribution of computers, computer-related products, education-related products, and the provision of related services. The company has four reportable segments. The platform design and development include the development of web-based and mobile platforms for customers. The Refurbishment services include refurbishment of pre-owned IT hardware. The lease services include the leasing of IT hardware. The technical support and maintenance services include after-sales service following the completion of the platform design and development projects. The other segment includes activities related to managing security solutions, provision of smart manufacturing solutions, and other services.

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