Sin-Kung Logistics Bhd (XKLS:0305) Accounts Receivable : RM6.61 Mil (As of Dec. 2024)

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What is Sin-Kung Logistics Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sin-Kung Logistics Bhd's accounts receivables for the quarter that ended in Dec. 2024 was RM6.61 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sin-Kung Logistics Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 11.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sin-Kung Logistics Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was RM-0.06.

Sin-Kung Logistics Bhd Accounts Receivable Historical Data

The historical data trend for Sin-Kung Logistics 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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Sin-Kung Logistics Bhd Accounts Receivable Chart

Sin-Kung Logistics Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

6.94

8.40

7.02

7.99

6.61

Sin-Kung Logistics Bhd Quarterly Data
	Dec20	Dec21	Dec22	Dec23	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			7.02	7.99	7.37	7.55	6.61

Sin-Kung Logistics Bhd Accounts Receivable Calculation

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

Sin-Kung Logistics 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.

Sin-Kung Logistics 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
=	6.612	/	54.159	*	91
=	11.14

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

Sin-Kung Logistics 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)
=	(21.904	+	0.75 * 6.612	+	0.5 * 2.912	-	99.057
-	0	-	0.063)	/	1200.000
=	-0.06

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.

Sin-Kung Logistics Bhd Accounts Receivable Related Terms

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Sin-Kung Logistics Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sin-Kung Logistics Bhd (XKLS:0305) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Bukit Kemuning, Lot 1928, Shah Alam, SGR, MYS, 40460

Website

https://www.sinkung.my

Sin-Kung Logistics Bhd is a integrated logistics service provider. It is involved in the provision of trucking services with a focus on airport-to-airport road feeder services and also provide container haulage services, warehousing and distribution services and other logistics related services.

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