Warrix Sport PCL (BKK:WARRIX) Accounts Receivable : ฿308 Mil (As of Sep. 2023)

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What is Warrix Sport PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Warrix Sport PCL's accounts receivables for the quarter that ended in Sep. 2023 was ฿308 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Warrix Sport PCL's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 86.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Warrix Sport PCL's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ฿1.05.

Warrix Sport PCL Accounts Receivable Historical Data

The historical data trend for Warrix Sport 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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Warrix Sport PCL Accounts Receivable Chart

Warrix Sport PCL Annual Data

Trend

Dec21

Dec22

Accounts Receivable

121.49

312.81

Warrix Sport PCL Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			194.37	312.81	298.22	226.79	308.46

Warrix Sport PCL Accounts Receivable Calculation

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

Warrix Sport 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.

Warrix Sport 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
=	308.464	/	325.443	*	91
=	86.49

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

Warrix Sport 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)
=	(458.729	+	0.75 * 308.464	+	0.5 * 555.171	-	334.773
-	0	-	0)	/	600
=	1.05

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.

Warrix Sport PCL Accounts Receivable Related Terms

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Warrix Sport PCL (BKK:WARRIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Warrix Sport PCL (BKK:WARRIX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

849/6-8 Stadium One, Rama 6 Road, Wangmai, Pathumwan, Bangkok, THA, 10330

Website

https://www.warrix.co.th

Warrix Sport PCL operates its main business as the seller of uniforms, clothing, and sports equipment locally and overseas and operates a physical therapy clinic. The group operates in three segments, Credit selling, online selling, and other segments.

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