Straits Trading Co (Straits Trading Co) Accounts Receivable : $2.8 Mil (As of Dec. 2023)

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What is Straits Trading Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Straits Trading Co's accounts receivables for the quarter that ended in Dec. 2023 was $2.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Straits Trading Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 2.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Straits Trading Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-23.16.

Straits Trading Co Accounts Receivable Historical Data

The historical data trend for Straits Trading 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.

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Straits Trading Co Accounts Receivable Chart

Straits Trading Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4.08

10.94

3.94

9.87

2.85

Straits Trading Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															3.94	4.81	9.87	79.46	2.85

Straits Trading Co Accounts Receivable Calculation

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

Straits Trading 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.

Straits Trading Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.849	/	192.067	*	91
=	2.71

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

Straits Trading Co'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)
=	(381.311	+	0.75 * 2.849	+	0.5 * 127.556	-	1382.844
-	0	-	103.165)	/	44.8473
=	-23.16

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.

Straits Trading Co Accounts Receivable Related Terms

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Straits Trading Co (Straits Trading Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Straits Trading Co Ltd (OTCPK:STTSY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

S20:Singapore W2F:Germany

Address

1 Wallich Street, No. 15-01, Guoco Tower, Singapore, SGP, 078881

Website

https://www.straitstrading.com.sg

Straits Trading Co Ltd is an investment company. The company operates in four business segments, Resources segment involved in the smelting of tin concentrates and tin bearing materials, the production of various grades of refined tin metal and the sale and delivery of refined tin metal and by-products, as well as investments in other metals and mineral resources. The Real Estate segment comprises s property investment, sales and leasing, property development, as well as property and real estate fund management. Its Hospitality business includes hotel ownership and hotel management under Far East Hospitality Holdings Pte. Ltd. It derives maximum revenue from the Resources segment. Geographically, it derives a majority of revenue from Malaysia.