Grand Banks Yachts (SGX:G50) Accounts Receivable : S$7.7 Mil (As of Dec. 2023)

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What is Grand Banks Yachts Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grand Banks Yachts's accounts receivables for the quarter that ended in Dec. 2023 was S$7.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grand Banks Yachts's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 21.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grand Banks Yachts's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$-0.04.

Grand Banks Yachts Accounts Receivable Historical Data

The historical data trend for Grand Banks Yachts'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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Grand Banks Yachts Accounts Receivable Chart

Grand Banks Yachts Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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0.29

0.79

0.47

8.02

6.79

Grand Banks Yachts Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															3.31	8.02	5.08	6.79	7.67

Grand Banks Yachts Accounts Receivable Calculation

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

Grand Banks Yachts 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.

Grand Banks Yachts's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.673	/	65.007	*	91
=	21.54

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

Grand Banks Yachts's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(44.191	+	0.75 * 7.673	+	0.5 * 16.052	-	64.685
-	0	-	0)	/	184.635
=	-0.04

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.

Grand Banks Yachts Accounts Receivable Related Terms

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Grand Banks Yachts (SGX:G50) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Grand Banks Yachts Ltd (SGX:G50) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

21 Bukit Batok Crescent, No. 06-74, Wcega Tower, Singapore, SGP, 658065

Website

https://www.grandbanks.com

Grand Banks Yachts Ltd along with its subsidiaries is an investment holding company that is involved in manufacturing, selling and exporting luxury yachts overseas. The company has two segments: Manufacturing and Trading of Yachts and Others. Geographically the company exports its products to America, Europe, Australia, and Asia; out of which America generates maximum revenue for the company. It also provides hardware and other accessories for making yachts. Grand Banks 54, Grand Banks 60, Grand Banks 85, Eastbay 44 and Eastbay 60 are the company's product lines. The majority of the firm's revenue comes from the Manufacturing and Trading of Yachts segment.

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