Sim Leisure Group (SGX:URR) Accounts Receivable : S$12.51 Mil (As of Dec. 2024)

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What is Sim Leisure Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sim Leisure Group's accounts receivables for the quarter that ended in Dec. 2024 was S$12.51 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sim Leisure Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 93.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sim Leisure Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was S$-0.17.

Sim Leisure Group Accounts Receivable Historical Data

The historical data trend for Sim Leisure Group'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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Sim Leisure Group Accounts Receivable Chart

Sim Leisure Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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0.31

1.50

3.18

11.17

12.51

Sim Leisure Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial										3.18	10.86	11.17	14.69	12.51

Sim Leisure Group Accounts Receivable Calculation

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

Sim Leisure Group 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.

Sim Leisure Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.513	/	24.543	*	91
=	93.05

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

Sim Leisure Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(14.312	+	0.75 * 12.513	+	0.5 * 0.316	-	46.697
-	0	-	5.763)	/	165.365
=	-0.17

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.

Sim Leisure Group Accounts Receivable Related Terms

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Sim Leisure Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sim Leisure Group Ltd (SGX:URR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan PJU 7/5, Level 4, Curve NX, Petaling Jaya, SGR, MYS, 47810

Website

https://www.simleisuregroup.com

Sim Leisure Group Ltd and its subsidiaries are involved in the operations of theme parks and events. The company has two business segments, which are theme attractions construction and theme park operations. Their revenue comes from several sources such as theme attractions construction, ticket sales, food and beverage sales, as well as merchandising sales and services from running theme parks in Malaysia. The group primarily generates its revenue from Malaysia.

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