RedPlanet Bhd (XKLS:03036) Accounts Receivable : RM8.68 Mil (As of Dec. 2024)

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What is RedPlanet Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RedPlanet Bhd's accounts receivables for the quarter that ended in Dec. 2024 was RM8.68 Mil.

Accounts receivable can be measured by Days Sales Outstanding. RedPlanet Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 83.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. RedPlanet Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was RM-0.07.

RedPlanet Bhd Accounts Receivable Historical Data

The historical data trend for RedPlanet 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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RedPlanet Bhd Accounts Receivable Chart

RedPlanet Bhd Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

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1.98

2.27

2.93

4.34

RedPlanet Bhd Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial								4.96	2.93	2.32	4.34	8.68

RedPlanet Bhd Accounts Receivable Calculation

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

RedPlanet 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.

RedPlanet 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
=	8.681	/	18.877	*	91
=	83.93

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

RedPlanet 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)
=	(16.112	+	0.75 * 8.681	+	0.5 * 0	-	34.337
-	0	-	0)	/	170.325
=	-0.07

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.

RedPlanet Bhd Accounts Receivable Related Terms

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RedPlanet Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RedPlanet Bhd (XKLS:03036) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Lingkaran Syed Putra, No.1-8, Level 8, The Boulevard, Mid Valley City, Wilayah Persekutuan, Kuala Lumpur, MYS, 59200

Website

https://www.redplanetgrp.com

RedPlanet Bhd is an investment holding company. Through its subsidiaries, it is principally involved in the provision of GIS solutions, ICT solutions, as well as maintenance and support services. Its GIS solutions assist its customers in activities such as location search, navigation, logistics routing, customer targeting, and urban planning. The company also provides enterprise-wide business-oriented tools involving data management processes such as data collection, data processing, data digitization, and others. Geographically, the company derives maximum revenue from its customers in Malaysia followed by India, Brunei, Philippines, and other regions.

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