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PT Resources Holdings Bhd (XKLS:0260) Accounts Receivable : RM193.9 Mil (As of Jan. 2024)


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What is PT Resources Holdings Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Resources Holdings Bhd's accounts receivables for the quarter that ended in Jan. 2024 was RM193.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Resources Holdings Bhd's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 107.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Resources Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was RM0.15.


PT Resources Holdings Bhd Accounts Receivable Historical Data

The historical data trend for PT Resources 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.

PT Resources Holdings Bhd Accounts Receivable Chart

PT Resources Holdings Bhd Annual Data
Trend Apr19 Apr20 Apr21 Apr22 Apr23
Accounts Receivable
31.77 39.75 39.14 43.15 127.08

PT Resources Holdings Bhd Quarterly Data
Apr19 Apr20 Apr21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 82.08 127.08 143.17 153.20 193.86

PT Resources Holdings Bhd Accounts Receivable Calculation

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


PT Resources 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.

PT Resources Holdings Bhd's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=193.856/165.038*91
=107.18

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

PT Resources Holdings Bhd's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=(53.217+0.75 * 193.856+0.5 * 11.368-126.25
-0-0.006)/535.02
=0.15

* 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.


PT Resources Holdings Bhd Accounts Receivable Related Terms

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PT Resources Holdings Bhd (XKLS:0260) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Pengaturcara U1/51A, Unit K3-5-12, Tower 3, UOA Business Park, Section U1 Kawasan Perindustrian Temasya, Darul Eh, Shah Alam, SGR, MYS, 40150
PT Resources Holdings Bhd is principally involved in the processing and trading of frozen seafood products as well as retail trading of meat and non-meat products. It operates in two segments namely processing and trading of frozen seafood products which generates maximum revenue for the company and another segment is Trading of other products.

PT Resources Holdings Bhd (XKLS:0260) Headlines

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