Abundance International (SGX:541) Accounts Receivable

: S$16.2 Mil (As of Jun. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Abundance International's accounts receivables for the quarter that ended in Jun. 2023 was S$16.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Abundance International's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 7.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Abundance International's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was S$-0.01.

Abundance International Accounts Receivable Historical Data

The historical data trend for Abundance International'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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Abundance International Annual Data

Trend

Sep12

Sep13

Sep14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

16.66

21.12

40.27

21.69

12.40

Abundance International Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable																36.97	21.69	20.56	12.40	16.17

Abundance International Accounts Receivable Calculation

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

Abundance International 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.

Abundance International's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.171	/	384.382	*	91
=	7.68

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

Abundance International's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(7.967	+	0.75 * 16.171	+	0.5 * 16.484	-	43.998
-	0	-	0.011)	/	1281.69
=	-0.01

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.

Abundance International Accounts Receivable Related Terms

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Abundance International (SGX:541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Abundance International Ltd (SGX:541) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Joo Koon Circle, Singapore, SGP, 629041

Website

https://www.abundance.com.sg

Abundance International Ltd is engaged in the chemical manufacturing and trading of equipment, accessories, consumables, or peripherals used in the chemical industry and other related businesses. In addition, it is also investing in companies and other entities through equity, securities, and other instruments. It is organized into the following reportable operating segments, Chemicals, Printing, and Investment segment. The company derives the maximum revenue from the Chemicals segment. Its primary geographic markets are China and other countries in Asia of which China contributes most of the total revenue.

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