HE Group Bhd (XKLS:0296) Accounts Receivable : RM41.2 Mil (As of Dec. 2024)

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What is HE Group Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HE Group Bhd's accounts receivables for the quarter that ended in Dec. 2024 was RM41.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HE Group Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 109.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. HE Group Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was RM0.09.

HE Group Bhd Accounts Receivable Historical Data

The historical data trend for HE 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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HE Group Bhd Accounts Receivable Chart

HE Group Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

8.31

35.46

41.61

41.16

HE Group Bhd Quarterly Data
	Dec20	Dec21	Dec22	Aug23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial				-	56.26	55.90	69.12	41.16

HE Group Bhd Accounts Receivable Calculation

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

HE 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.

HE Group 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
=	41.159	/	34.282	*	91
=	109.55

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

HE Group 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)
=	(57.738	+	0.75 * 41.159	+	0.5 * 2.605	-	49.288
-	0	-	0)	/	440.000
=	0.09

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.

HE Group Bhd Accounts Receivable Related Terms

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HE Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HE Group Bhd (XKLS:0296) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42, Jalan OP 1/5, Pusat Perdagangan One Puchong, Puchong, SGR, MYS, 47160

Website

https://www.hexatech.com.my

HE Group Bhd is an electrical engineering service provider focusing on power distribution systems for end user premises such as industrial plants, and industrial and commercial substations. It is involved in the design, supply, installation, testing, and commissioning of HV, MV, LV, and ELV power distribution systems, as well as hook-up and retrofitting of electrical equipment. It also provides other building systems and works including mechanical systems, control, and instrumentation systems, as well as civil, structural, and architectural works. Its segment includes, namely the provision of power distribution systems, other building systems and works, electrical equipment hook-up and retrofitting, and trading sectors in Malaysia. Maximum revenue is generated from power distribution.

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