PSP Specialties PCL (BKK:PSP) Accounts Receivable : ฿1,431 Mil (As of Sep. 2023)

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What is PSP Specialties PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PSP Specialties PCL's accounts receivables for the quarter that ended in Sep. 2023 was ฿1,431 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PSP Specialties PCL's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 41.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PSP Specialties PCL's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ฿-0.65.

PSP Specialties PCL Accounts Receivable Historical Data

The historical data trend for PSP Specialties 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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PSP Specialties PCL Accounts Receivable Chart

PSP Specialties PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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1,100.36

1,017.74

964.53

1,532.68

1,293.06

PSP Specialties PCL Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial									1,877.96	1,293.06	1,684.15	1,437.97	1,431.08

PSP Specialties PCL Accounts Receivable Calculation

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

PSP Specialties 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.

PSP Specialties PCL's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1431.079	/	3146.175	*	91
=	41.51

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

PSP Specialties PCL's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(1042.101	+	0.75 * 1431.079	+	0.5 * 1989.758	-	4022.082
-	0	-	0)	/	1400
=	-0.65

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.

PSP Specialties PCL Accounts Receivable Related Terms

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PSP Specialties PCL (BKK:PSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PSP Specialties PCL (BKK:PSP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Boromrachachonanee Road, Arun-Amarin, Bangkoknoi, Bangkok, THA, 10700

Website

https://www.psp.co.th

PSP Specialties PCL is engaged in the manufacturing and sales of lubricants and greases, warehouse service, and hired transport. Its services start from raw material sourcing and product design to manufacturing, packaging, storage, and distribution. The company produces made-to-order products in a timely and efficient manner based on specific customer requirements. its main products include lubricant oil, grease, and specialty products such as rubber process oil and transformer oil. Additionally, the business operates in Myanmar through its subsidiary.