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Thai Wire Products PCL (BKK:TWP-R) Accounts Receivable : ฿364 Mil (As of Mar. 2024)


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What is Thai Wire Products PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Thai Wire Products PCL's accounts receivables for the quarter that ended in Mar. 2024 was ฿364 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Thai Wire Products PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 75.28.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Thai Wire Products PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿0.04.


Thai Wire Products PCL Accounts Receivable Historical Data

The historical data trend for Thai Wire Products 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.

Thai Wire Products PCL Accounts Receivable Chart

Thai Wire Products 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 347.75 311.37 351.54 291.22 306.14

Thai Wire Products PCL 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 353.63 373.14 329.49 306.14 364.16

Thai Wire Products PCL Accounts Receivable Calculation

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


Thai Wire Products 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.

Thai Wire Products 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
=364.164/441.438*91
=75.28

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

Thai Wire Products 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)
=(45.002+0.75 * 364.164+0.5 * 618.427-616.171
-0-0)/252.131
=0.04

* 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.


Thai Wire Products PCL Accounts Receivable Related Terms

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Thai Wire Products PCL (BKK:TWP-R) Business Description

Traded in Other Exchanges
Address
101/88 Moo 20 Nava Nakorn Industrial Estate, Khlong Nueng, Khlong Luang, Pathum Thani, THA, 12120
Thai Wire Products PCL is a manufacturer and seller of prestressed concrete wire. The prestressed concrete single wire is used in various kinds of construction work demanding strength and durability due to the enormous weight involved. The company is also involved in production of steel wires and operates in Thailand.

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