Progressive Impact Bhd (XKLS:7201) Change In Receivables : RM-4.04 Mil (TTM As of Mar. 2024)

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What is Progressive Impact Bhd Change In Receivables?

Progressive Impact Bhd's change in receivables for the quarter that ended in Mar. 2024 was RM-3.44 Mil. It means Progressive Impact Bhd's Accounts Receivable increased by RM3.44 Mil from Dec. 2023 to Mar. 2024 .

Progressive Impact Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was RM4.12 Mil. It means Progressive Impact Bhd's Accounts Receivable declined by RM4.12 Mil from Dec. 2022 to Dec. 2023 .

Progressive Impact Bhd's Accounts Receivable for the quarter that ended in Mar. 2024 was RM42.34 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. Progressive Impact Bhd's Days Sales Outstanding for the three months ended in Mar. 2024 was 167.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Progressive Impact Bhd's liquidation value for the three months ended in Mar. 2024 was RM-19.35 Mil.

Progressive Impact Bhd Change In Receivables Historical Data

The historical data trend for Progressive Impact 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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Progressive Impact Bhd Change In Receivables Chart

Progressive Impact Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.71

-5.73

0.54

8.68

4.12

Progressive Impact Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															4.71	-2.12	-1.71	3.24	-3.44

Progressive Impact 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-4.04 Mil.

Progressive Impact Bhd (XKLS:7201) 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.

Progressive Impact Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	42.344	/	23.062	*	91
=	167.54

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

Progressive Impact Bhd's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	44.168	-	95.296	+	0.75 * 42.344	+	0.5 * 0.041
=	-19.35

Progressive Impact Bhd Change In Receivables Related Terms

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Progressive Impact Bhd (XKLS:7201) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Progressive Impact Corp Bhd (XKLS:7201) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Lot 10, Jalan Astaka U8/84, Suite 5.02, Mercu PICORP, Bukit Jelutong, Shah Alam, SGR, MYS, 40150

Website

https://www.picorp.com.my

Progressive Impact Corp Bhd is a Malaysia-based investment company engaged in the provision of environmental consulting and monitoring, monitoring systems integration, ocean data monitoring, laboratory testing services, and wastewater treatment and solution. The group's business segments are Environmental consultancy and monitoring services that provide environmental-related services, Laboratory testing services that offer chemical testing, consultancy, and other related services, and Wastewater treatment and solutions engaged in the provision of sewerage and solid waste management systems. It operates in Malaysia, Indonesia, and Saudi Arabia, and generates its key revenue from Malaysia.

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