Harvest Miracle Capital Bhd (XKLS:0060) Change In Receivables : RM59.45 Mil (TTM As of Dec. 2023)

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What is Harvest Miracle Capital Bhd Change In Receivables?

Harvest Miracle Capital Bhd's change in receivables for the quarter that ended in Dec. 2023 was RM-8.77 Mil. It means Harvest Miracle Capital Bhd's Accounts Receivable increased by RM8.77 Mil from Sep. 2023 to Dec. 2023 .

Harvest Miracle Capital Bhd's change in receivables for the fiscal year that ended in Mar. 2023 was RM41.61 Mil. It means Harvest Miracle Capital Bhd's Accounts Receivable declined by RM41.61 Mil from Mar. 2022 to Mar. 2023 .

Harvest Miracle Capital Bhd's Accounts Receivable for the quarter that ended in Dec. 2023 was RM49.62 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. Harvest Miracle Capital Bhd's Days Sales Outstanding for the three months ended in Dec. 2023 was 217.82.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Harvest Miracle Capital Bhd's liquidation value for the three months ended in Dec. 2023 was RM67.23 Mil.

Harvest Miracle Capital Bhd Change In Receivables Historical Data

The historical data trend for Harvest Miracle Capital 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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Harvest Miracle Capital Bhd Change In Receivables Chart

Harvest Miracle Capital Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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10.71

-7.20

-45.27

4.60

41.61

Harvest Miracle Capital 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															-17.01	75.41	-31.65	24.45	-8.77

Harvest Miracle Capital 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 RM59.45 Mil.

Harvest Miracle Capital Bhd (XKLS:0060) 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.

Harvest Miracle Capital 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
=	49.62	/	20.787	*	91
=	217.82

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

Harvest Miracle Capital 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)
=	46.794	-	22.827	+	0.75 * 49.62	+	0.5 * 12.086
=	67.23

Harvest Miracle Capital Bhd Change In Receivables Related Terms

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Harvest Miracle Capital Bhd (XKLS:0060) Business Description

Industry

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Traded in Other Exchanges

0060PA.PFD:Malaysia

Address

No 685, Jalan Damansara, TTDI, 9-3A, Oval Tower, Damansara, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.hmcap.my

Harvest Miracle Capital Bhd is an investment holding company. It operates in seven segments that are IT and ICT, Property Construction, Investment Properties, Property development, Plantation, Money lending business, and Investment holding. It generates the vast majority of its revenue from the IT and ICT segment that is engaged in trading in IT and ICT-related products and software development and support services and others. Its product categories include the Vacuum valve and Rupture Disk. Geographically, it operates only in Malaysia.

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