Agricore CS Holdings Bhd (XKLS:0309) Accounts Receivable : RM17.72 Mil (As of Jun. 2024)

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What is Agricore CS Holdings Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Agricore CS Holdings Bhd's accounts receivables for the quarter that ended in Jun. 2024 was RM17.72 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Agricore CS Holdings Bhd's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 45.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Agricore CS Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was RM0.07.

Agricore CS Holdings Bhd Accounts Receivable Historical Data

The historical data trend for Agricore CS Holdings 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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Agricore CS Holdings Bhd Accounts Receivable Chart

Agricore CS Holdings Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

9.81

13.76

15.12

18.11

Agricore CS Holdings Bhd Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Jun24
Accounts Receivable	9.81	13.76	15.12	18.11	17.72

Agricore CS Holdings Bhd Accounts Receivable Calculation

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

Agricore CS Holdings 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.

Agricore CS Holdings Bhd's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	17.717	/	71.49	*	91
=	45.23

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

Agricore CS Holdings Bhd's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(30.885	+	0.75 * 17.717	+	0.5 * 27.869	-	44.079
-	0	-	0)	/	202.8
=	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.

Agricore CS Holdings Bhd Accounts Receivable Related Terms

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Agricore CS Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Agricore CS Holdings Bhd (XKLS:0309) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1173, Jalan Perindustrian Bukit Minyak 2, Kawasan Perindustrian Bukit Minyak, Bukit Mertajam, PNG, MYS, 14100

Website

https://www.agricore.com.my

Agricore CS Holdings Bhd is principally involved in the sourcing, distribution and production of food ingredients. its core business activities are segmented as follows: (a) sourcing and distribution of plant-based agricultural food ingredients comprising starch products, beans and pulses, grain products and other related products; and (b) production and sale of food additives and fried shallots.

Agricore CS Holdings Bhd Headlines

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