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Siab Holdings Bhd (XKLS:0241) Accounts Receivable : RM69.6 Mil (As of Mar. 2024)


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What is Siab Holdings Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Siab Holdings Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM69.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Siab Holdings Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 241.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Siab Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM-0.08.


Siab Holdings Bhd Accounts Receivable Historical Data

The historical data trend for Siab Holdings 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.

Siab Holdings Bhd Accounts Receivable Chart

Siab Holdings Bhd Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 85.14 78.89 71.35 72.56 68.76

Siab Holdings Bhd Quarterly Data
Dec18 Dec19 Dec20 Jul21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 70.13 81.34 80.76 68.76 69.61

Siab Holdings Bhd Accounts Receivable Calculation

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


Siab Holdings 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.

Siab Holdings Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=69.609/26.261*91
=241.87

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

Siab Holdings Bhd's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(16.972+0.75 * 69.609+0.5 * 0-119.527
-0-0)/641.426
=-0.08

* 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.


Siab Holdings Bhd Accounts Receivable Related Terms

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Siab Holdings Bhd (XKLS:0241) Business Description

Traded in Other Exchanges
N/A
Address
No. 82, Jalan BP 7/8, Bandar Bukit Puchong, Puchong, SGR, MYS, 47120
Siab Holdings Bhd is principally involved in the provision of building construction services, focusing on high-end commercial and mixed development projects, high rise grade A office developments, hypermarkets, industrial buildings, institutional buildings (including hospitals), high-rise residential, and township development. The group also provides Information and Communications Technology solutions and services.

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