MISC Bhd (XKLS:3816) Accounts Receivable

: RM5,679 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. MISC Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM5,679 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MISC Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 121.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MISC Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM-3.33.

MISC Bhd Accounts Receivable Historical Data

The historical data trend for MISC Bhd'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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MISC Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

3,470.69

3,621.99

4,436.29

4,960.02

5,678.57

MISC Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																4,960.02	3,613.90	3,915.20	4,127.40	5,678.57

MISC Bhd Accounts Receivable Calculation

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

MISC Bhd 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.

MISC 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
=	5678.572	/	4278.257	*	91
=	121.12

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

MISC Bhd'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)
=	(6624.082	+	0.75 * 5678.572	+	0.5 * 92.883	-	25094.297
-	0	-	679.964)	/	4463.75
=	-3.33

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.

MISC Bhd Accounts Receivable Related Terms

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MISC Bhd (XKLS:3816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MISC Bhd (XKLS:3816) » Definitions » Accounts Receivable

Traded in Other Exchanges

MIHDF:USA

Address

Jalan Sultan Hishamuddin, Level 25, Menara Dayabumi, Kuala Lumpur, SGR, MYS, 50050

Website

https://www.misc.com.my

MISC Bhd is a maritime logistics company domiciled in Malaysia. The company organizes itself into five segments; Gas Assets & Solutions segment includes the provision of liquefied natural gas (LNG) carrier services and non-conventional gas asset solutions, Petroleum & Product Shipping segment includes the provision of petroleum tanker and chemical tanker services, Offshore Business segment owns, lease, operation, and maintenance of offshore, floating, production, and offloading terminals, Marine & Heavy Engineering segment include marine repair, marine conversion, and engineering and construction works, and Others segment includes integrated marine services, port & terminal services, maritime education & training, and other diversified businesses.

MISC Bhd (XKLS:3816) Headlines

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