AIRA Factoring PCL (BKK:AF-R) Accounts Receivable

: ฿47.2 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AIRA Factoring PCL's accounts receivables for the quarter that ended in Dec. 2023 was ฿47.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AIRA Factoring PCL's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 76.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AIRA Factoring PCL's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ฿-1.15.

AIRA Factoring PCL Accounts Receivable Historical Data

The historical data trend for AIRA Factoring PCL'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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AIRA Factoring PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

7.80

9.13

12.71

27.84

47.23

AIRA Factoring PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																27.84	32.67	37.46	42.08	47.23

AIRA Factoring PCL Accounts Receivable Calculation

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

AIRA Factoring PCL 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.

AIRA Factoring PCL's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	47.226	/	56.672	*	91
=	76.04

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

AIRA Factoring PCL'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)
=	(97.903	+	0.75 * 47.226	+	0.5 * 0	-	1972.018
-	0	-	0)	/	1600
=	-1.15

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.

AIRA Factoring PCL Accounts Receivable Related Terms

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AIRA Factoring PCL (BKK:AF-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AIRA Factoring PCL (BKK:AF-R) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AF:Thailand

Address

Phayathai Road, No. 319 Chamchuri Square, 17th Floor, Pathumwan Disrict, Bangkok, THA, 10330

Website

https://www.airafactoring.co.th

AIRA Factoring PCL is a Thailand-based company engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's right or factoring service. In exchange for these services, the company finances the short-term cash flow. The company's clients vary from small to middle businesses that need short-term cash to fund their working capital. Its diversified portfolio of industries includes electronic equipment and parts, telecommunication, consumer products, and the health and beauty industry.

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