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BTS Group Holdings (BKK:BTS) Accounts Receivable : ฿745 Mil (As of Dec. 2023)


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What is BTS Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BTS Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was ฿745 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BTS Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BTS Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ฿-16.16.


BTS Group Holdings Accounts Receivable Historical Data

The historical data trend for BTS Group Holdings'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.

* Premium members only.

BTS Group Holdings Accounts Receivable Chart

BTS Group Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,424.44 892.72 474.52 668.00 655.00

BTS Group Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 901.00 655.00 683.00 557.00 745.00

BTS Group Holdings Accounts Receivable Calculation

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


BTS Group Holdings 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.

BTS Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=745/5062.526*91
=13.43

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

BTS Group Holdings'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)
=(12889.894+0.75 * 745+0.5 * 805.025-206227.941
-0-20379.489)/13167.6
=-16.16

* 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.


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.


BTS Group Holdings Accounts Receivable Related Terms

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BTS Group Holdings (BKK:BTS) Business Description

Traded in Other Exchanges
Address
21 Soi Choei Phuang, Viphavadi-Rangsit Road, 15th Floor, TST Tower, Jompol, Jatujak, Bangkok, THA, 10900
BTS Group Holdings PLC is a transport and media company domiciled in Thailand. The company's segments include Move; Mix and Match. It generates maximum revenue from the Move segment. Move segment accounts for the provision of mass transportation services for rail and other. The revenue and cost consist of the electric rail's operating and maintenance service, electric rail's installation and construction services, train procurement services and other related services as well as the provision of the bus rapid transit.

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