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Key Asic Bhd (XKLS:0143) Accounts Receivable : RM5.78 Mil (As of Feb. 2024)


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What is Key Asic Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Key Asic Bhd's accounts receivables for the quarter that ended in Feb. 2024 was RM5.78 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Key Asic Bhd's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 99.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Key Asic Bhd's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was RM0.01.


Key Asic Bhd Accounts Receivable Historical Data

The historical data trend for Key Asic 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.

Key Asic Bhd Accounts Receivable Chart

Key Asic Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 May18 May19 May20 May21 May22 May23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.29 1.62 0.78 1.06 3.56

Key Asic Bhd Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 6.25 3.56 2.78 3.31 5.78

Key Asic Bhd Accounts Receivable Calculation

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


Key Asic 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.

Key Asic Bhd's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=5.779/5.28*91
=99.87

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

Key Asic Bhd's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=(19.37+0.75 * 5.779+0.5 * 1.029-9.447
-0-0)/1398.06
=0.01

* 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.


Key Asic Bhd Accounts Receivable Related Terms

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Key Asic Bhd Business Description

Traded in Other Exchanges
N/A
Address
8, First Avenue, 6th Floor, Unit 3, Bandar Utama, Petaling Jaya, SGR, MYS, 47800
Key Asic Bhd engages in turnkey application-specific integrated circuit design services for consumer, wireless, and personal electronics applications. It also provides data processing, data management, disk-based backup solutions, telecommunications, office automation, network infrastructure, and intelligent storage networking support. It operates through the Non-Recurring Engineering Services and Recurring Engineering Services business segments.

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