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G J Steel PCL (BKK:GJS) Accounts Receivable : ฿68 Mil (As of Mar. 2024)


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What is G J Steel PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. G J Steel PCL's accounts receivables for the quarter that ended in Mar. 2024 was ฿68 Mil.

Accounts receivable can be measured by Days Sales Outstanding. G J Steel PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 1.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. G J Steel PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿0.10.


G J Steel PCL Accounts Receivable Historical Data

The historical data trend for G J Steel PCL'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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G J Steel PCL Accounts Receivable Chart

G J Steel PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.20 27.92 - 59.83 14.84

G J Steel PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 104.52 131.93 122.72 14.84 68.32

G J Steel PCL Accounts Receivable Calculation

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


G J Steel PCL 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.

G J Steel PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=68.324/3480.379*91
=1.79

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

G J Steel PCL's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(2275.799+0.75 * 68.324+0.5 * 2271.935-809.17
-0-0)/25487.1
=0.10

* 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.


G J Steel PCL Accounts Receivable Related Terms

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G J Steel PCL (BKK:GJS) Business Description

Traded in Other Exchanges
N/A
Address
Silom Road, Suriyawong, 88 Paso Tower, 24th Floor, Bangrak, Bangkok, THA, 10500
G J Steel PCL is engaged in the manufacturing and distribution of hot rolled coil steel products. Its main products are hot-rolled coils (HRC) and tempered hot-rolled coils. The company distributes its products which are further used as a raw material to produce various products like, automotive parts, gas cylinder, pressure vessel, home appliance, and pipes. Majority of its revenue comes from Thailand market, but the firm also has its presence in South East Asia.

G J Steel PCL (BKK:GJS) Headlines

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