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Sino Logistics PCL (BKK:SINO) Accounts Receivable : ฿414 Mil (As of Mar. 2024)


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What is Sino Logistics PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sino Logistics PCL's accounts receivables for the quarter that ended in Mar. 2024 was ฿414 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sino Logistics PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 48.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sino Logistics PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿0.29.


Sino Logistics PCL Accounts Receivable Historical Data

The historical data trend for Sino Logistics 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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Sino Logistics PCL Accounts Receivable Chart

Sino Logistics PCL Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
820.67 238.48 248.17

Sino Logistics PCL Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only - 199.87 227.08 248.17 414.41

Sino Logistics PCL Accounts Receivable Calculation

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


Sino Logistics 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.

Sino Logistics 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
=414.409/773.805*91
=48.87

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

Sino Logistics 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)
=(527.612+0.75 * 414.409+0.5 * 0-534.071
-0-0)/1040
=0.29

* 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.


Sino Logistics PCL Accounts Receivable Related Terms

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Sino Logistics PCL (BKK:SINO) Business Description

Traded in Other Exchanges
N/A
Address
Rama 3 Road, 7th Floor, Unit No. 05, 1011 Supalai Grand Tower, Chongnonsee, Yannawa, Bangkok, THA, 10120
Sino Logistics Corp PCL is engaged in international and domestic freight forwarding, for sea freight, air freight, land transportation, and multimodal transport operator, warehouse rental service, and provides customs clearance services for imports and exports. It has four reportable segments, which are sea freight, air freight, warehouse rental service, and logistics support. It generate the majority of its revenue from Sea freight.

Sino Logistics PCL (BKK:SINO) Headlines

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