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HHRG Bhd (XKLS:0175) Accounts Receivable : RM52.3 Mil (As of Dec. 2024)


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What is HHRG Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HHRG Bhd's accounts receivables for the quarter that ended in Dec. 2024 was RM52.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HHRG Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 144.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. HHRG Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was RM-0.02.


HHRG Bhd Accounts Receivable Historical Data

The historical data trend for HHRG 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.

HHRG Bhd Accounts Receivable Chart

HHRG Bhd Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.86 9.50 13.78 9.98 33.02

HHRG Bhd Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 28.42 33.02 55.80 54.85 52.27

HHRG Bhd Accounts Receivable Calculation

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


HHRG 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.

HHRG Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=52.267/32.979*91
=144.62

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

HHRG Bhd's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(30.764+0.75 * 52.267+0.5 * 10.754-71.085
-0-22.981)/956.155
=-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.


HHRG Bhd Accounts Receivable Related Terms

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HHRG Bhd Business Description

Traded in Other Exchanges
N/A
Address
Lot No. 2945 (Plot A2), Jalan Sungai Baong, Kawasan Perindustrian Perabut, Sungai Baong, Mukim 5, Sungai Bakap, Pulau Pinang, Seberang Perai Selatan, PNG, MYS, 14200
HHRG Bhd and its subsidiaries are in the business of manufacturing and trading biomass materials, mattresses, and other related products. The company has three segments: the Biomass materials and related products segment involved in the manufacturing and trading of coconut fiber and oil palm empty fruit bunch fiber and other products; the Furniture products which manufacture and trade mattresses and related products; Money lending services which involves licensed money lending activities; and Investment holdings and others. The company earns maximum revenue from Biomass materials.

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