Raffles Interior (HKSE:01376) Accounts Receivable : HK$23.6 Mil (As of Dec. 2023)

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What is Raffles Interior Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Raffles Interior's accounts receivables for the quarter that ended in Dec. 2023 was HK$23.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Raffles Interior's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 19.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Raffles Interior's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.07.

Raffles Interior Accounts Receivable Historical Data

The historical data trend for Raffles Interior'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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Raffles Interior Accounts Receivable Chart

Raffles Interior Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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41.07

56.52

50.33

50.56

23.60

Raffles Interior Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							50.33	44.53	50.56	49.15	23.60

Raffles Interior Accounts Receivable Calculation

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

Raffles Interior 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.

Raffles Interior's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	23.604	/	224.327	*	91
=	19.20

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

Raffles Interior's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(99.55	+	0.75 * 23.604	+	0.5 * 0	-	186.8
-	0	-	0)	/	1000
=	-0.07

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.

Raffles Interior Accounts Receivable Related Terms

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Raffles Interior (HKSE:01376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Raffles Interior Ltd (HKSE:01376) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 Sungei Kadut Loop, Singapore, SGP, 729490

Website

http://www.rafflesinterior.com

Raffles Interior Ltd is a Singapore-based investment holding company. The company is principally engaged in the provision of interior fitting-out services. The company's fitting-out services include project management and construction management of the interior fitting-out project, construction and installation of interior fitting-out works, customizing, manufacturing and supply of carpentry/joinery and integral fixtures, and maintenance of the projects that it undertakes on an ad-hoc basis. The company derives its revenue from projects involving fitting-out works for office space in Singapore.

Executives

Low Lek Huat	2201 Interest of corporation controlled by you
Zhong Ji Huan Qiu Qi Ye You Xian Gong Si	2101 Beneficial owner
Union Expert Investment Holding Limited	2101 Beneficial owner
Cao Chengpeng	2201 Interest of corporation controlled by you
Sng Siew Luan Emily	2202 Interest of your spouse
Pan Lulu	2202 Interest of your spouse
Ong Poh Eng	2202 Interest of your spouse
Ng Foo Wah	2201 Interest of corporation controlled by you
Neo Bee Ling Pauline	2202 Interest of your spouse
Chua Boon Par	2201 Interest of corporation controlled by you
Low Lek Hee	2201 Interest of corporation controlled by you
Loke Yoke Mei	2202 Interest of your spouse
Lo Lek Chew	2201 Interest of corporation controlled by you
Lim Bee Peng	2202 Interest of your spouse
Leong Wai Kit	2201 Interest of corporation controlled by you

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