Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Change In Receivables : $36 Mil (TTM As of Dec. 2023)

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What is Petronas Chemicals Group Bhd Change In Receivables?

Petronas Chemicals Group Bhd's change in receivables for the quarter that ended in Dec. 2023 was $57 Mil. It means Petronas Chemicals Group Bhd's Accounts Receivable declined by $57 Mil from Sep. 2023 to Dec. 2023 .

Petronas Chemicals Group Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was $35 Mil. It means Petronas Chemicals Group Bhd's Accounts Receivable declined by $35 Mil from Dec. 2022 to Dec. 2023 .

Petronas Chemicals Group Bhd's Accounts Receivable for the quarter that ended in Dec. 2023 was $566 Mil.

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 Receivable are being managed. Petronas Chemicals Group Bhd's Days Sales Outstanding for the three months ended in Dec. 2023 was 33.37.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Petronas Chemicals Group Bhd's liquidation value for the three months ended in Dec. 2023 was $-1,074 Mil.

Petronas Chemicals Group Bhd Change In Receivables Historical Data

The historical data trend for Petronas Chemicals Group Bhd's Change In Receivables 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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Petronas Chemicals Group Bhd Change In Receivables Chart

Petronas Chemicals Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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193.66

14.31

-189.73

-51.03

35.42

Petronas Chemicals Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															105.00	19.94	-15.55	-25.20	57.11

Petronas Chemicals Group Bhd Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $36 Mil.

Petronas Chemicals Group Bhd (OTCPK:PECGF) Change In Receivables 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 Receivable are being managed.

Petronas Chemicals Group 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
=	566.337	/	1548.519	*	91
=	33.37

2. In Ben Graham's calculation of liquidation value, Petronas Chemicals Group Bhd's accounts receivable are only considered to be worth 75% of book value:

Petronas Chemicals Group Bhd's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1989.695	-	3892.658	+	0.75 * 566.337	+	0.5 * 808.716
=	-1,074

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Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Business Description

Industry

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Traded in Other Exchanges

5183:Malaysia

Address

Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, Kuala Lumpur, SGR, MYS, 50088

Website

http://www.petronaschemicals.com

Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into three segments based on product type: Olefins and Derivatives; Fertilizers and Methanol and Specialties. The Olefins and Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers and Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia.

Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Headlines

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