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Excel Force MSC Bhd (XKLS:0065) Accounts Receivable : RM4.10 Mil (As of Sep. 2024)


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What is Excel Force MSC Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Excel Force MSC Bhd's accounts receivables for the quarter that ended in Sep. 2024 was RM4.10 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Excel Force MSC Bhd's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 50.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Excel Force MSC Bhd's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was RM0.02.


Excel Force MSC Bhd Accounts Receivable Historical Data

The historical data trend for Excel Force MSC Bhd'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.

* Premium members only.

Excel Force MSC Bhd Accounts Receivable Chart

Excel Force MSC Bhd Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.23 5.35 5.85 3.19 4.12

Excel Force MSC Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.98 3.54 3.06 4.12 4.10

Excel Force MSC Bhd Accounts Receivable Calculation

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


Excel Force MSC Bhd 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.

Excel Force MSC Bhd's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.098/7.364*91
=50.78

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

Excel Force MSC Bhd's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(27.232+0.75 * 4.098+0.5 * 0.007-19.141
-0-0)/609.878
=0.02

* 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.


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.


Excel Force MSC Bhd Accounts Receivable Related Terms

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Excel Force MSC Bhd Business Description

Traded in Other Exchanges
N/A
Address
Number 8, Jalan Damansara, PJU 8, Level 31, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820
Excel Force MSC Bhd is an information technology solution provider involved in the design, development, deployment, and maintenance of application and system solutions for the financial services industry, stockbroking, and investment banks. The company operates through three segments, Application Solutions, Maintenance Services, and Application Services Provider. The majority of the revenue is generated from the Application services provider division which generates revenue from outsourcing services charge which is volume and transaction based. Its products include CyberBroker Front Office, CyberBroker Middle Office, CyberBroker Back Office, StockBanking System, and Fundamental Analysis System. The company operates in Malaysia, Singapore, and other countries.

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