Vetece Holdings Bhd (XKLS:0319) Accounts Receivable : RM3.19 Mil (As of Aug. 2024)

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What is Vetece Holdings Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vetece Holdings Bhd's accounts receivables for the quarter that ended in Aug. 2024 was RM3.19 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vetece Holdings Bhd's Days Sales Outstanding for the quarter that ended in Aug. 2024 was 29.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vetece Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was RM0.08.

Vetece Holdings Bhd Accounts Receivable Historical Data

The historical data trend for Vetece 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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Vetece Holdings Bhd Accounts Receivable Chart

Vetece Holdings Bhd Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

Accounts Receivable

3.35

3.41

8.09

3.19

Vetece Holdings Bhd Semi-Annual Data
	Aug21	Aug22	Aug23	Aug24
Accounts Receivable	3.35	3.41	8.09	3.19

Vetece Holdings Bhd Accounts Receivable Calculation

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

Vetece 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.

Vetece Holdings Bhd's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.19	/	19.444	*	91
=	29.94

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

Vetece Holdings Bhd's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=	(32.418	+	0.75 * 3.19	+	0.5 * 0	-	5.393
-	0	-	0)	/	392
=	0.08

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.

Vetece Holdings Bhd Accounts Receivable Related Terms

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Vetece Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vetece Holdings Bhd (XKLS:0319) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Kerinchi, E-32-3A and E-32-03, Menara Suezcap 2, KL Gateway, Gerbang Kerinchi Lestari, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.vtcholding.com

Vetece Holdings Bhd is an investment holding company. Through its subsidiaries, it is principally an enterprise IT solutions provider, providing implementation services, maintenance, support and professional services as well as resale of hardware and software. The company assists its clients in the implementation process involving design, installation, customization and configuration, data integration, testing and deployment of the enterprise IT solutions to ensure that it seamlessly integrates with clients' systems. Post-implementation process, It will continue to provide ongoing support through maintenance, support and professional services which include maintenance and upgrades of the systems, as well as providing training to clients' employees.

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