Vsolar Group Bhd (XKLS:0066) Accounts Receivable : RM5.26 Mil (As of Sep. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Vsolar Group Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vsolar Group Bhd's accounts receivables for the quarter that ended in Sep. 2024 was RM5.26 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vsolar Group Bhd's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 88.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vsolar Group Bhd's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was RM0.10.

Vsolar Group Bhd Accounts Receivable Historical Data

The historical data trend for Vsolar Group 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.

Vsolar Group Bhd Accounts Receivable Chart

Vsolar Group Bhd Annual Data

Trend

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

Get a 7-Day Free Trial

1.71

3.37

3.95

10.41

5.26

Vsolar Group Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															12.10	3.20	6.44	5.26	5.26

Vsolar Group Bhd Accounts Receivable Calculation

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

Vsolar Group 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.

Vsolar Group 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
=	5.255	/	5.39	*	91
=	88.96

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

Vsolar Group 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)
=	(48.189	+	0.75 * 5.255	+	0.5 * 0	-	2.52
-	0	-	-0.005)	/	497.251
=	0.10

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.

Vsolar Group Bhd Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Vsolar Group Bhd's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Vsolar Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vsolar Group Bhd (XKLS:0066) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Persiaran Tropicana, Lot 13.3, 13th Floor, Menara Lien Hoe, Tropicana Golf & Country Resort, Petaling Jaya, SGR, MYS, 47410

Website

https://www.vsolar.com.my

Vsolar Group Bhd is an investment holding company as well as renewable energy, media publishing, software solutions and production house based in Malaysia. The company's operating segment includes Engineering works; Trading; Solar Energy and Others. It generates maximum revenue from the Trading segment. The trading segment is engaged in the trading of computer hardware. The solar energy segment is engaged in the supply of solar energy. Other segments comprise investment holding, trading, and distribution of software, providing information technology services and dormant companies. Geographically, it operates only in Malaysia. Engineering works segment engaged in Business of engineering solutions provider in connection with renewal energy business and other related engineering works.

Vsolar Group Bhd Headlines

No Headlines