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SIA Engineering Co (SGX:S59) Accounts Receivable : S$56 Mil (As of Sep. 2024)


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What is SIA Engineering Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SIA Engineering Co's accounts receivables for the quarter that ended in Sep. 2024 was S$56 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SIA Engineering Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 17.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SIA Engineering Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was S$0.18.


SIA Engineering Co Accounts Receivable Historical Data

The historical data trend for SIA Engineering Co'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.

SIA Engineering Co Accounts Receivable Chart

SIA Engineering Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.33 34.82 35.35 34.15 70.88

SIA Engineering Co Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 29.78 34.15 42.98 70.88 56.03

SIA Engineering Co Accounts Receivable Calculation

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


SIA Engineering Co 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.

SIA Engineering Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=56.032/576.209*91
=17.75

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

SIA Engineering Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(493.22+0.75 * 56.032+0.5 * 63.299-350.018
-0-16.585)/1120.958
=0.18

* 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.


SIA Engineering Co Accounts Receivable Related Terms

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SIA Engineering Co Business Description

Traded in Other Exchanges
Address
31 Airline Road, Singapore, SGP, 819831
SIA Engineering Co Ltd and its subsidiaries maintain, repair, and overhaul aircraft for many airlines. The company is organized into two segments: airframe/line maintenance and engine/component. The airframe and line maintenance segment provides airframe maintenance, line maintenance, and inventory technical management. These services include scheduled routine maintenance and overhaul, specialised and non-routine maintenance, modification and refurbishment programmes. Line maintenance provides aircraft certification and technical ground handling services such as pushback and towing, and the provision of aircraft ground support equipment and rectification work. The engine and component segment provides component overhaul and engine repair and overhaul services.

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