Singapore Post (Singapore Post) Accounts Receivable : $164 Mil (As of Sep. 2023)

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What is Singapore Post Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Singapore Post's accounts receivables for the quarter that ended in Sep. 2023 was $164 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Singapore Post's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 49.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Singapore Post's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-4.92.

Singapore Post Accounts Receivable Historical Data

The historical data trend for Singapore Post'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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Singapore Post Accounts Receivable Chart

Singapore Post Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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191.33

175.47

122.84

164.35

167.26

Singapore Post Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															131.87	164.35	163.62	167.26	163.57

Singapore Post Accounts Receivable Calculation

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

Singapore Post 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.

Singapore Post's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	163.567	/	606.651	*	91
=	49.21

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

Singapore Post's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(329.571	+	0.75 * 163.567	+	0.5 * 0.31	-	1017.395
-	0	-	-11.337)	/	112.498
=	-4.92

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.

Singapore Post Accounts Receivable Related Terms

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Singapore Post (Singapore Post) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Post Ltd (OTCPK:SPSTY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SPSTF:USA S08:Singapore SGR:Germany

Address

10 Eunos Road 8, Singapore Post Centre, Singapore, SGP, 408600

Website

https://www.singpost.com

Singapore Post Ltd is a Singapore-based provider of mail and parcel delivery services. It operates through three business segments: post and parcel, logistics, and property. The post and parcel operating unit provides delivery services such as collecting, transporting, and distributing mail. The logistics segment provides services such as freight forwarding, warehousing, last-mile delivery, and distribution and fulfillment services. The property segment leases commercial and self-storage properties. SingPost has operations in Singapore and Australia, with the majority of its sales in Singapore. Additionally, the majority of SingPost's revenue is generated from its post and parcel business unit.