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Mercury Securities Group Bhd (XKLS:0285) Accounts Receivable : RM72.98 Mil (As of Oct. 2023)


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What is Mercury Securities Group Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mercury Securities Group Bhd's accounts receivables for the quarter that ended in Oct. 2023 was RM72.98 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mercury Securities Group Bhd's Days Sales Outstanding for the quarter that ended in Oct. 2023 was 834.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mercury Securities Group Bhd's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was RM0.14.

Mercury Securities Group Bhd Accounts Receivable Historical Data

The historical data trend for Mercury Securities Group 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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Mercury Securities Group Bhd Accounts Receivable Chart

Mercury Securities Group Bhd Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Oct23
Accounts Receivable
78.94 87.10 62.67 68.76 72.98

Mercury Securities Group Bhd Semi-Annual Data
Oct19 Oct20 Oct21 Apr22 Oct22 Apr23 Oct23
Accounts Receivable Get a 7-Day Free Trial 62.67 - 68.76 60.55 72.98

Mercury Securities Group Bhd Accounts Receivable Calculation

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

Mercury Securities Group 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.

Mercury Securities Group Bhd's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=72.977/15.966*91
=834.17

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

Mercury Securities Group Bhd's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 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)
=(83.615+0.75 * 72.977+0.5 * 0-14.878
-0-0)/893
=0.14

* 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.

Mercury Securities Group Bhd Accounts Receivable Related Terms

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Mercury Securities Group Bhd (XKLS:0285) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercury Securities Group Bhd (XKLS:0285) » Definitions » Accounts Receivable
Comparable Companies
XKLS:5088 XKLS:03028 XKLS:3379 XKLS:6483 XKLS:5274 MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688 HKSE:03908 SHSE:601211 LPLA SHSE:600999 SHSE:600837
Traded in Other Exchanges
N/A
Address
No. 2 Jalan Solaris, L-7-2, Solaris Mont Kiara, Kuala Lumpur, MYS, 50480
Website
https://www.mercurysecurities.com.my
Mercury Securities Group Bhd is an investment holding company and through its subsidiaries, It is principally engaged in stockbroking, corporate finance advisory and other related businesses as well as the provision of nominee and custodian services. Mercury provides stockbroking services comprising execution of trades of securities listed on Bursa Securities and foreign stock exchanges mainly in Singapore, Hong Kong and the USA, as well as margin financing facility services, nominees, custodians and related services. It is also licensed by the Securities Commission Malaysia to undertake regulated corporate finance activities as a Principal or Independent Advisor.

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