LGMS Bhd (XKLS:0249) Accounts Receivable : RM8.34 Mil (As of Dec. 2024)

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What is LGMS Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LGMS Bhd's accounts receivables for the quarter that ended in Dec. 2024 was RM8.34 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LGMS Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 57.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LGMS Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was RM0.14.

LGMS Bhd Accounts Receivable Historical Data

The historical data trend for LGMS 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.

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LGMS Bhd Accounts Receivable Chart

LGMS Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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3.07

5.30

6.07

6.30

8.34

LGMS Bhd Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial											6.30	8.54	9.86	10.53	8.34

LGMS Bhd Accounts Receivable Calculation

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

LGMS 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.

LGMS 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
=	8.343	/	13.23	*	91
=	57.54

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

LGMS 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)
=	(67.942	+	0.75 * 8.343	+	0.5 * 0	-	12.009
-	0	-	0)	/	456.000
=	0.14

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.

LGMS Bhd Accounts Receivable Related Terms

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LGMS Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » LGMS Bhd (XKLS:0249) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan SS 16/1, A-11-01, Empire Office Tower, Selangor Darul Ehsan, Subang Jaya, SGR, MYS, 47500

Website

https://www.lgms.global

LGMS Bhd is an independent provider of professional cybersecurity services involved in cybersecurity assessment and penetration testing, cyber risk management and compliance services as well as cyber threat and incident response services. It has three segments Cyber risk prevention Involved in the provision of security vulnerability assessment and penetration testing, training, and risk scoring; Cyber risk management and compliance Involved in the provision of cybersecurity advisory, certification, and compliance services; and Cyber threat and incident response Involved in the provision of digital forensics and computer crime investigations, cybersecurity incident response and compromise assessment. It generates revenue from Cyber risk prevention.

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