Credit Bureau Asia (SGX:TCU) Accounts Receivable : S$6.44 Mil (As of Dec. 2023)

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What is Credit Bureau Asia Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Credit Bureau Asia's accounts receivables for the quarter that ended in Dec. 2023 was S$6.44 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Credit Bureau Asia's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Credit Bureau Asia's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$0.09.

Credit Bureau Asia Accounts Receivable Historical Data

The historical data trend for Credit Bureau Asia'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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Credit Bureau Asia Accounts Receivable Chart

Credit Bureau Asia Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4.89

5.54

5.34

5.65

6.44

Credit Bureau Asia Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							5.34	6.04	5.65	7.29	6.44

Credit Bureau Asia Accounts Receivable Calculation

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

Credit Bureau Asia 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.

Credit Bureau Asia's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.436	/	27.814	*	91
=	42.23

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

Credit Bureau Asia'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)
=	(61.009	+	0.75 * 6.436	+	0.5 * 0	-	25.693
-	0	-	18.513)	/	230.39
=	0.09

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.

Credit Bureau Asia Accounts Receivable Related Terms

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Credit Bureau Asia (SGX:TCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Credit Bureau Asia Ltd (SGX:TCU) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Shenton Way, No. 17-10 OUE Downtown 2, Singapore, SGP, 068809

Website

https://www.creditbureauasia.com

Credit Bureau Asia Ltd is a provider of credit and risk information solutions in Southeast Asia. The company provides credit and risk information solutions to a client base of banks, financial institutions, multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises, and individuals across Singapore, Malaysia, Cambodia, and Myanmar (the Territories). It assists its customers to make informed, timely decisions by enhancing their risk assessment and decision-making processes with the help of products and services which include credit and risk information reports, credit scores, monitoring services, data trends and analytics, and client-specific tailored solutions.

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