Syarikat Takaful Malaysia Keluarga Bhd (XKLS:6139) Accounts Receivable : RM0 Mil (As of Dec. 2023)

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What is Syarikat Takaful Malaysia Keluarga Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Syarikat Takaful Malaysia Keluarga Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Syarikat Takaful Malaysia Keluarga Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Syarikat Takaful Malaysia Keluarga Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM-4.27.

Syarikat Takaful Malaysia Keluarga Bhd Accounts Receivable Historical Data

The historical data trend for Syarikat Takaful Malaysia Keluarga 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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Syarikat Takaful Malaysia Keluarga Bhd Accounts Receivable Chart

Syarikat Takaful Malaysia Keluarga Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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203.68

302.97

335.92

442.65

Syarikat Takaful Malaysia Keluarga 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	Get a 7-Day Free Trial															442.65	-	-	-	-

Syarikat Takaful Malaysia Keluarga Bhd Accounts Receivable Calculation

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

Syarikat Takaful Malaysia Keluarga 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.

Syarikat Takaful Malaysia Keluarga 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
=	0	/	77.972	*	91
=	0.00

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

Syarikat Takaful Malaysia Keluarga 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)
=	(9420.114	+	0.75 * 0	+	0.5 * 0	-	12961.694
-	0	-	35.175)	/	837.306
=	-4.27

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.

Syarikat Takaful Malaysia Keluarga Bhd Accounts Receivable Related Terms

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Syarikat Takaful Malaysia Keluarga Bhd (XKLS:6139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Syarikat Takaful Malaysia Keluarga Bhd (XKLS:6139) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Jalan Sultan Sulaiman, Tingkat 14, Block Annexe, Menara Takafu, Kuala Lumpur, SGR, MYS, 50000

Website

https://www.takaful-malaysia.com.my

Syarikat Takaful Malaysia Keluarga Bhd is a takaful insurance provider in Malaysia and Indonesia. Like insurance, takaful protects participants from loss, but unlike traditional insurance, it adheres to a business model that conforms to Islamic religious law. The company's business includes participants who pool their money into a Participant Risk Fund, which then has funds available to disburse when a participant is facing a loss. For managing the takaful fund, the company receives a service fee on participant contributions. Syarikat Takaful Malaysia manages family and general takaful businesses, which include medical, motor, and home takaful. The vast majority of the company's revenue comes from customers in Malaysia.

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