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M.K. Real Estate Development PCL (BKK:MK) Accounts Receivable : ฿689 Mil (As of Dec. 2023)


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What is M.K. Real Estate Development PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. M.K. Real Estate Development PCL's accounts receivables for the quarter that ended in Dec. 2023 was ฿689 Mil.

Accounts receivable can be measured by Days Sales Outstanding. M.K. Real Estate Development PCL's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 216.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. M.K. Real Estate Development PCL's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ฿-10.67.


M.K. Real Estate Development PCL Accounts Receivable Historical Data

The historical data trend for M.K. Real Estate Development 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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M.K. Real Estate Development PCL Accounts Receivable Chart

M.K. Real Estate Development 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 20.64 78.39 88.88 1,018.56 688.82

M.K. Real Estate Development PCL 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 1,018.56 786.34 671.34 698.27 688.82

M.K. Real Estate Development PCL Accounts Receivable Calculation

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


M.K. Real Estate Development 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.

M.K. Real Estate Development PCL's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=688.823/289.849*91
=216.85

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), M.K. Real Estate Development PCL's accounts receivable are only considered to be worth 75% of book value:

M.K. Real Estate Development PCL'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)
=(570.19+0.75 * 688.823+0.5 * 1992.527-13687.841
-0-33.954)/1091.21
=-10.67

* 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.


M.K. Real Estate Development PCL Accounts Receivable Related Terms

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M.K. Real Estate Development PCL (BKK:MK) Business Description

Traded in Other Exchanges
N/A
Address
No. 345, Surawong Road, 6th - 8th Floor, 345 Surawong Building, Suriyawong Sub-District, BangRak District, Bangkok, THA, 10500
M.K. Real Estate Development PCL is a Thailand based real estate developer. Its principal activities are land and building development, house and condominium construction, building and parking rental and golf course business. Its business is divided into five segments including Real estate, Rental warehouse, factory, and others, Golf services and sport club, Property management, and Health and wellness center. Its house construction consists of a single house, twin house, and townhome. The company generates the majority of the revenue from the real estate division.

M.K. Real Estate Development PCL (BKK:MK) Headlines

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