Synergy House Bhd (XKLS:0279) Accounts Receivable : RM56.9 Mil (As of Dec. 2024)

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What is Synergy House Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Synergy House Bhd's accounts receivables for the quarter that ended in Dec. 2024 was RM56.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Synergy House Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 44.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Synergy House Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was RM-0.00.

Synergy House Bhd Accounts Receivable Historical Data

The historical data trend for Synergy House 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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Synergy House Bhd Accounts Receivable Chart

Synergy House Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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13.73

21.79

15.40

63.49

56.88

Synergy House Bhd Quarterly Data
	Dec19	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial							63.49	39.59	44.32	37.31	56.88

Synergy House Bhd Accounts Receivable Calculation

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

Synergy House 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.

Synergy House 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
=	56.884	/	117.407	*	91
=	44.21

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

Synergy House 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)
=	(75.151	+	0.75 * 56.884	+	0.5 * 71.178	-	153.758
-	0	-	0)	/	500.000
=	-0.00

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.

Synergy House Bhd Accounts Receivable Related Terms

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Synergy House Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Synergy House Bhd (XKLS:0279) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

No. 16, Persiaran Setia Dagang, Lot 18.A & 18.B & Lot 19.A, Level 18 & 19, Top Glove Tower, Seksyen U13, Bandar Setia Alam, Shah Alam, SGR, MYS, 40170

Website

https://www.synergyhouseberhad.com

Synergy House Bhd is an investment holding company and through its subsidiaries, It is principally involved in the design, development, and sale of RTA home furniture. RTA a home furniture is a form of furniture where furniture parts are in flat-packed form for ease of storage and transportation. RTA home furniture requires customers to assemble themselves upon purchase. It sells its RTA home furniture to online retailers, chain-store retailers, and wholesalers via a B2B sales model, as well as directly to end-consumers through Its in-house online store and third-party e-commerce platforms via a B2C sales model.

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