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KEX Express (Thailand) PCL (BKK:KEX-R) Accounts Receivable : ฿903 Mil (As of Mar. 2025)


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What is KEX Express (Thailand) PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. KEX Express (Thailand) PCL's accounts receivables for the quarter that ended in Mar. 2025 was ฿903 Mil.

Accounts receivable can be measured by Days Sales Outstanding. KEX Express (Thailand) PCL's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 71.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. KEX Express (Thailand) PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ฿-0.50.


KEX Express (Thailand) PCL Accounts Receivable Historical Data

The historical data trend for KEX Express (Thailand) 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.

* Premium members only.

KEX Express (Thailand) PCL Accounts Receivable Chart

KEX Express (Thailand) PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 1,023.69 1,139.10 1,852.31 887.75 355.93

KEX Express (Thailand) PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 902.42 1,127.03 887.38 355.93 902.73

KEX Express (Thailand) PCL Accounts Receivable Calculation

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


KEX Express (Thailand) 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.

KEX Express (Thailand) PCL's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=902.725/1145.043*91
=71.94

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

KEX Express (Thailand) PCL's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2025 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)
=(206.208+0.75 * 902.725+0.5 * 29.568-2682.007
-0--35.306)/3504.970
=-0.50

* 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.


KEX Express (Thailand) PCL Accounts Receivable Related Terms

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KEX Express (Thailand) PCL Business Description

Traded in Other Exchanges
Address
No. 89, Soi Wat Suanphloo, Charoen Krung Road, 906, 9th Floor, Chao Phraya Tower, Bang Rak, Bangkok, THA, 10500
KEX Express (Thailand) PCL is a Thailand-based parcel delivery company. The principal business operations of the Company and its subsidiaries is domestic and international parcel delivery service. The Company's subsidiaries include KETH Corporate Services Limited, which is engaged in providing administrative and corporate support; KEX Express Service Limited, which is engaged in providing transportation services; Kerry Express Betagro Company Limited, which is engaged in providing cold-chain delivery services, and KEX Express Central Company Limited, which is engaged in providing bulk item delivery services.

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