Phoenix Plus (Phoenix Plus) Accounts Receivable : $0.45 Mil (As of Jan. 2024)

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What is Phoenix Plus Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Phoenix Plus's accounts receivables for the quarter that ended in Jan. 2024 was $0.45 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Phoenix Plus's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 84.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Phoenix Plus's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $0.00.

Phoenix Plus Accounts Receivable Historical Data

The historical data trend for Phoenix Plus'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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Phoenix Plus Accounts Receivable Chart

Phoenix Plus Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Accounts Receivable

0.02

0.04

0.01

Phoenix Plus Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial												0.02	0.01	0.01	0.12	0.45

Phoenix Plus Accounts Receivable Calculation

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

Phoenix Plus 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.

Phoenix Plus's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.451	/	0.488	*	91
=	84.33

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

Phoenix Plus's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(0.741	+	0.75 * 0.451	+	0.5 * 0	-	0.386
-	0	-	0)	/	332.699
=	0.00

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.

Phoenix Plus Accounts Receivable Related Terms

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Phoenix Plus (Phoenix Plus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Phoenix Plus Corp (OTCPK:PXPC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3 & 2-5 Bedford Business Park, Jalan 3/137B, Batu 5, Jalan Kelang Lama, Kuala Lumpur, MYS, 58200

Website

https://phoenixpluscorp.com

Phoenix Plus Corp through its Hong Kong subsidiary is engaged in providing technical consultancy on solar power systems and consultancy on green energy solutions, with an additional focus on the commercialization of a targeted portfolio of solar products and technologies for a wide range of applications including electrical power production. The company is geographically segmented in United States, Malaysia and Hong Kong, out of which it generates majority of its revenue from Malaysia.

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