LBC Express Holdings (PHS:LBC) Accounts Receivable : ₱1,889 Mil (As of Mar. 2024)

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What is LBC Express Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LBC Express Holdings's accounts receivables for the quarter that ended in Mar. 2024 was ₱1,889 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LBC Express Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 47.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LBC Express Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₱-6.66.

LBC Express Holdings Accounts Receivable Historical Data

The historical data trend for LBC Express Holdings'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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LBC Express Holdings Accounts Receivable Chart

LBC Express Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,466.80

1,913.16

1,943.01

1,876.97

1,817.11

LBC Express Holdings 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															1,941.69	1,866.66	1,866.64	1,817.11	1,888.70

LBC Express Holdings Accounts Receivable Calculation

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

LBC Express Holdings 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.

LBC Express Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1888.701	/	3613.196	*	91
=	47.70

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

LBC Express Holdings'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)
=	(1992.398	+	0.75 * 1888.701	+	0.5 * 182.905	-	13014.815
-	0	-	-24.331)	/	1425.87
=	-6.66

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.

LBC Express Holdings Accounts Receivable Related Terms

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LBC Express Holdings (PHS:LBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LBC Express Holdings (PHS:LBC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Domestic Airport Road, LBC Hangar, General Aviation Centre, Metro Manila, Pasay, PHL, 1300

Website

https://www.lbcexpressholdings.com

LBC Express Holdings is a Philippines-based holding company engaged in providing logistics and money transfer services. Through the logistics services, the company serves two customer segments, retail customers, and corporate customers. It provides services such as courier, air cargo forwarding, and balikbayan box services to retail customers. To corporate customers, it offers courier and freight forwarding services, corporate solutions, and tailor-made corporate logistics services. In the money transfer services segment, the company comprises both domestic and international money transfer services such as remittances, bill payment collection, and corporate remittance payout services. The firm operates in the Philippines and globally, and generates key revenue from the Logistics segment.