Malpac Holdings Bhd (XKLS:4936) Accounts Receivable

: RM15.73 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. Malpac Holdings Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM15.73 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Malpac Holdings Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1,351.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Malpac Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM1.30.

Malpac Holdings Bhd Accounts Receivable Historical Data

The historical data trend for Malpac Holdings 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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Malpac Holdings Bhd Annual Data

Trend

Dec12

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Dec14

Jun17

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Jun21

Jun22

Jun23

Accounts Receivable

Malpac Holdings 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																15.72	15.72	-	15.73	15.73

Malpac Holdings Bhd Accounts Receivable Calculation

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

Malpac Holdings 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.

Malpac Holdings 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
=	15.727	/	1.062	*	91
=	1,351.31

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

Malpac Holdings 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)
=	(95.646	+	0.75 * 15.727	+	0.5 * 0	-	9.617
-	0	-	0)	/	75
=	1.30

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.

Malpac Holdings Bhd Accounts Receivable Related Terms

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Malpac Holdings Bhd (XKLS:4936) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Malpac Holdings Bhd (XKLS:4936) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Jalan Kong Sang, 2nd Floor, Seremban, NSN, MYS, 70000

Website

http://www.malpac.com.my

Malpac Holdings Bhd is an investment holding company. Principally, it is engaged in the cultivation of oil palm and milling of palm oil. Geographically, it derives a majority of its revenue from Malaysia and also has a presence in Japan.

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