BGMC International (HKSE:01693) Accounts Receivable : HK$21.0 Mil (As of Sep. 2024)

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What is BGMC International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BGMC International's accounts receivables for the quarter that ended in Sep. 2024 was HK$21.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BGMC International's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 32.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BGMC International's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was HK$-6.89.

BGMC International Accounts Receivable Historical Data

The historical data trend for BGMC International'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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BGMC International Accounts Receivable Chart

BGMC International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Mar22

Mar23

Mar24

Accounts Receivable

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163.14

150.28

102.85

54.50

11.86

BGMC International Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial													99.82	54.50	29.08	11.86	21.03

BGMC International Accounts Receivable Calculation

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

BGMC International 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.

BGMC International's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	21.025	/	118.011	*	91
=	32.51

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

BGMC International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(13.131	+	0.75 * 21.025	+	0.5 * 0	-	288.096
-	0	-	-11.158)	/	36.000
=	-6.89

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.

BGMC International Accounts Receivable Related Terms

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BGMC International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » BGMC International Ltd (HKSE:01693) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan USJ 25/1, A-3A-02, Block A, Sky Park One City, Level 3A, Subang Jaya, SGR, MYS, 47650

Website

https://www.bgmc.asia

BGMC International Ltd is an integrated solutions provider serving in the business sectors of construction service and Concession and Maintenance. Its segments include Building and Structures, which is engaged in construction services in building and structural construction work, the Energy infrastructure segment, which is engaged in the provision of construction services in energy transmission and distribution work, the Mechanical and Electrical segment, which is engaged in the provision of construction services in mechanical and electrical installation work, Earthworks and Infrastructure segment, which is into construction services in earthworks and infrastructure. It generates maximum revenue from the Building and structures segment. Geographically, it derives revenue from Malaysia.

Executives

Goh Ming Choon	2201 Interest of corporation controlled by you
Prosper International Business Limited	2101 Beneficial owner
Seeva International Limited	2103 Interests held jointly with another person
Teh Kok Lee	2103 Interests held jointly with another person
Kingdom Base Holdings Limited	2101 Beneficial owner
Mohd Arif Mohd Arifin Bin	2201 Interest of corporation controlled by you
Mohd Arifin Bin Mohd Arif	2201 Interest of corporation controlled by you

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