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Pollux Properties (SGX:5AE) Accounts Receivable : S$0.10 Mil (As of Jun. 2023)


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What is Pollux Properties Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pollux Properties's accounts receivables for the quarter that ended in Jun. 2023 was S$0.10 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pollux Properties's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 2.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pollux Properties's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was S$-0.06.


Pollux Properties Accounts Receivable Historical Data

The historical data trend for Pollux Properties'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.

* Premium members only.

Pollux Properties Accounts Receivable Chart

Pollux Properties Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.07 0.11 0.63 0.79

Pollux Properties Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Jun21 Dec21 Jun22 Dec22 Jun23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.63 0.86 0.79 0.10

Pollux Properties Accounts Receivable Calculation

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


Pollux Properties 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.

Pollux Properties's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.1/6.671*91
=2.74

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

Pollux Properties's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(2.044+0.75 * 0.1+0.5 * 0-164.518
-0-0)/2759.47
=-0.06

* 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.


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.


Pollux Properties Accounts Receivable Related Terms

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Pollux Properties (SGX:5AE) Business Description

Traded in Other Exchanges
N/A
Address
554 Havelock Road, Singapore, SGP, 169639
Pollux Properties Ltd is a property developer in Singapore focusing on the development of residential and commercial properties. The company is engaged in the business of developing premium real estate projects. The company operates through five segments: The Property Development segment, which is involved in the acquisition and development of properties for sale; The Property Investment segment, which is involved in renting properties and operating a serviced apartment; The Corporate segment, which is involved in corporate services and investments. The Fund Management segment is involved in providing management and advisory services and Hotel Operations. The company generates the majority of its revenue from the Property Investment segment.

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