MI Technovation Bhd (XKLS:5286) Change In Receivables : RM-6.1 Mil (TTM As of Sep. 2023)

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What is MI Technovation Bhd Change In Receivables?

MI Technovation Bhd's change in receivables for the quarter that ended in Sep. 2023 was RM-12.8 Mil. It means MI Technovation Bhd's Accounts Receivable increased by RM12.8 Mil from Jun. 2023 to Sep. 2023 .

MI Technovation Bhd's change in receivables for the fiscal year that ended in Dec. 2022 was RM3.3 Mil. It means MI Technovation Bhd's Accounts Receivable declined by RM3.3 Mil from Dec. 2021 to Dec. 2022 .

MI Technovation Bhd's Accounts Receivable for the quarter that ended in Sep. 2023 was RM163.5 Mil.

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 Receivable are being managed. MI Technovation Bhd's Days Sales Outstanding for the three months ended in Sep. 2023 was 151.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MI Technovation Bhd's liquidation value for the three months ended in Sep. 2023 was RM449.9 Mil.

MI Technovation Bhd Change In Receivables Historical Data

The historical data trend for MI Technovation Bhd's Change In Receivables 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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MI Technovation Bhd Change In Receivables Chart

MI Technovation Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-32.26

-28.20

-5.23

-8.33

3.28

MI Technovation Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															4.27	-5.52	12.15	0.12	-12.82

MI Technovation Bhd Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-6.1 Mil.

MI Technovation Bhd (XKLS:5286) Change In Receivables 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 Receivable are being managed.

MI Technovation Bhd's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	163.483	/	98.448	*	91
=	151.53

2. In Ben Graham's calculation of liquidation value, MI Technovation Bhd's accounts receivable are only considered to be worth 75% of book value:

MI Technovation Bhd's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	394.819	-	132.153	+	0.75 * 163.483	+	0.5 * 129.172
=	449.9

MI Technovation Bhd Change In Receivables Related Terms

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MI Technovation Bhd (XKLS:5286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MI Technovation Bhd (XKLS:5286) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 20, Medan Bayan Lepas Technoplex, MK 12, Taman Perindustrian Bayan Lepas, Bayan Lepas, PNG, MYS, 11900

Website

https://www.mi-eq.com

MI Technovation Bhd is an investment holding company. The group is involved in design, development, manufacture, and sale of wafer level chip scale packaging sorting machines with inspection and testing capabilities for the semiconductor industry. Its reportable segments are as follows: 1) Semiconductor equipment business unit is Involved in the manufacturing and sales of the semiconductor manufacturing equipment, paired with smart factory automation solutions for Industrial 4.0, together with the provision of maintenance services and technical support for these machines, as well as the sale of related spare parts and components. 2) Semiconductor material business unit is involved in the manufacturing and sales of solder spheres. 3) Others includes investment holding and other activities.

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