Kina Securities (ASX:KSL) Accounts Receivable : A$-20.3 Mil (As of Dec. 2023)

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What is Kina Securities Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kina Securities's accounts receivables for the quarter that ended in Dec. 2023 was A$-20.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kina Securities's Days Sales Outstanding for the quarter that ended in Dec. 2023 was -43.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kina Securities's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-3.93.

Kina Securities Accounts Receivable Historical Data

The historical data trend for Kina Securities'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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Kina Securities Accounts Receivable Chart

Kina Securities Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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-14.74

-16.45

-20.30

Kina Securities Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial												-14.74	-	-16.45	-	-20.30

Kina Securities Accounts Receivable Calculation

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

Kina Securities 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.

Kina Securities's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	-20.303	/	84.254	*	91
=	-43.98

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

Kina Securities'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)
=	(644.02	+	0.75 * -20.303	+	0.5 * 0	-	1756.45
-	0	-	0)	/	286.936
=	-3.93

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.

Kina Securities Accounts Receivable Related Terms

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Kina Securities (ASX:KSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kina Securities Ltd (ASX:KSL) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Douglas Street, PO Box 1141, 9th Level, Kina Bank Haus, Port Moresby, PNG, NCD 121

Website

https://www.kinabank.com.pg

Kina Securities Ltd provides diversified financial products and services. The company offers banking services, personal and commercial loans, money market operations, provision of share brokerage, fund administration, investment management services asset financing, and corporate advice. The Group's reportable segments include Kina Bank and Kina Wealth Management. The bank segment includes the operations of the Kina Bank while the Wealth Management segment includes fund management and fund administration business. It derives the majority of its revenues from the banking segment.

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