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United Palm Oil Industry PCL (BKK:UPOIC) Accounts Receivable : ฿72 Mil (As of Dec. 2023)


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What is United Palm Oil Industry PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. United Palm Oil Industry PCL's accounts receivables for the quarter that ended in Dec. 2023 was ฿72 Mil.

Accounts receivable can be measured by Days Sales Outstanding. United Palm Oil Industry PCL's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 19.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. United Palm Oil Industry PCL's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ฿0.34.


United Palm Oil Industry PCL Accounts Receivable Historical Data

The historical data trend for United Palm Oil Industry 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.

* Premium members only.

United Palm Oil Industry PCL Accounts Receivable Chart

United Palm Oil Industry PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.30 38.53 226.90 35.55 72.28

United Palm Oil Industry 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 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.55 124.79 68.07 34.90 72.28

United Palm Oil Industry PCL Accounts Receivable Calculation

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


United Palm Oil Industry 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.

United Palm Oil Industry 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
=72.284/344.973*91
=19.12

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

United Palm Oil Industry 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)
=(118.932+0.75 * 72.284+0.5 * 390.087-257.219
-0-0)/324.05
=0.34

* 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.


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.


United Palm Oil Industry PCL Accounts Receivable Related Terms

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United Palm Oil Industry PCL (BKK:UPOIC) Business Description

Traded in Other Exchanges
N/A
Address
64, 1st Floor, Soi Bangna-Trad 25, Bangnanua Sub-District, Bangna District, Bangkok, THA, 10260
United Palm Oil Industry PCL engaged in the manufacture of crude palm oil and palm kernel oil. The company business operations involve 2 principal segments (1) oil palm plantation, crude palm oil and crude palm kernel oil processing (2) generation of electricity from biogases and biomasses. These activities are carried on exclusively in the single geographic area of Thailand.

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