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Yongnam Holdings (SGX:AXB) Accounts Receivable : S$12.2 Mil (As of Jun. 2023)


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What is Yongnam Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yongnam Holdings's accounts receivables for the quarter that ended in Jun. 2023 was S$12.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yongnam Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 33.28.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yongnam Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was S$-0.31.


Yongnam Holdings Accounts Receivable Historical Data

The historical data trend for Yongnam 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.

* Premium members only.

Yongnam Holdings Accounts Receivable Chart

Yongnam Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.85 21.90 14.85 16.86 18.58

Yongnam Holdings Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 13.01 11.75 18.58 11.18 12.19

Yongnam Holdings Accounts Receivable Calculation

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


Yongnam 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=12.193/33.435*91
=33.28

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

Yongnam Holdings'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)
=(2.674+0.75 * 12.193+0.5 * 11.061-238.555
-0--0.604)/703.943
=-0.31

* 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.


Yongnam Holdings Accounts Receivable Related Terms

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Yongnam Holdings (SGX:AXB) Business Description

Traded in Other Exchanges
N/A
Address
51 Tuas South Street 5, Singapore, SGP, 637644
Yongnam Holdings Ltd is a steel manufacturing company. The firm has three reportable segments namely Structural Steelworks, Specialist Civil Engineering, and Design and Build. The company has projects in Singapore and the Rest of Asia Pacific. The majority of the group's revenue comes from the Structural Steelworks segment in Singapore.

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