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Sri Trang Agro-Industry (BKK:STA-R) Accounts Receivable : ฿7,699 Mil (As of Mar. 2024)


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What is Sri Trang Agro-Industry Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sri Trang Agro-Industry's accounts receivables for the quarter that ended in Mar. 2024 was ฿7,699 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sri Trang Agro-Industry's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 29.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sri Trang Agro-Industry's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿-23.52.


Sri Trang Agro-Industry Accounts Receivable Historical Data

The historical data trend for Sri Trang Agro-Industry'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.

Sri Trang Agro-Industry Accounts Receivable Chart

Sri Trang Agro-Industry 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 4,691.59 8,603.57 8,286.83 6,973.45 6,592.78

Sri Trang Agro-Industry 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 6,470.38 5,240.17 5,292.48 6,592.78 7,698.95

Sri Trang Agro-Industry Accounts Receivable Calculation

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


Sri Trang Agro-Industry 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.

Sri Trang Agro-Industry's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7698.946/23677.844*91
=29.67

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

Sri Trang Agro-Industry'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)
=(11054.611+0.75 * 7698.946+0.5 * 32922.113-50875.801
-0-18544.011)/1536
=-23.52

* 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.


Sri Trang Agro-Industry Accounts Receivable Related Terms

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Sri Trang Agro-Industry (BKK:STA-R) Business Description

Traded in Other Exchanges
Address
10 Soi 10, Phetkasem Road, Hat Yai, Songkhla, THA, 90110
Sri Trang Agro-Industry PLC generates the vast majority of its revenue through the production and distribution of rubber and latex products. These products are used in the tire, automotive, and adhesive industries. The company produces rubber gloves that are used for medical and industrial purposes, while also specializing in high-pressure hydraulic hoses used for industrial and mining operations. Sri Trang Agro-Industry's primary processing facilities operate in Thailand, Indonesia, and Myanmar. The company's products are distributed in several countries including China, Singapore, Thailand, Indonesia, the United States, and Vietnam.

Sri Trang Agro-Industry (BKK:STA-R) Headlines

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