SKK Holdings (SKK Holdings) Accounts Receivable : $1.50 Mil (As of Jun. 2023)

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What is SKK Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SKK Holdings's accounts receivables for the quarter that ended in Jun. 2023 was $1.50 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SKK Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 53.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SKK Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.56.

SKK Holdings Accounts Receivable Historical Data

The historical data trend for SKK 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.

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SKK Holdings Accounts Receivable Chart

SKK Holdings Annual Data

Trend

Dec21

Dec22

Accounts Receivable

0.12

0.39

SKK Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	0.12	-	0.39	1.50

SKK Holdings Accounts Receivable Calculation

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

SKK 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.

SKK 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
=	1.499	/	5.147	*	91
=	53.15

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

SKK 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)
=	(0.296	+	0.75 * 1.499	+	0.5 * 0.047	-	10.262
-	0	-	0)	/	15.625
=	-0.56

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.

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SKK Holdings (SKK Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SKK Holdings Ltd (NAS:SKK) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Website

https://www.skkworks.com.sg

SKK Holdings Ltd is a civil engineering service provider that specializes in subsurface utility works in Singapore. It construct and maintain various public works and infrastructure projects that serve the society and the environment. Its projects are primarily the subsurface work related to projects undertaken by the Public Utilities Board (PUB) and Singapore Telecommunications Limited. The nature of these projects is related to repairing of pumping mains, sewer maintenance and pipe cable laying.

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