Steel Hawk Bhd (XKLS:0320) Accounts Receivable : RM26.62 Mil (As of Dec. 2024)

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What is Steel Hawk Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Steel Hawk Bhd's accounts receivables for the quarter that ended in Dec. 2024 was RM26.62 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Steel Hawk Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 132.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Steel Hawk Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was RM-0.02.

Steel Hawk Bhd Accounts Receivable Historical Data

The historical data trend for Steel Hawk 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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Steel Hawk Bhd Accounts Receivable Chart

Steel Hawk Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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0.52

0.28

10.40

3.49

26.62

Steel Hawk Bhd Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial							-	3.49	13.29	18.53	26.62

Steel Hawk Bhd Accounts Receivable Calculation

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

Steel Hawk 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.

Steel Hawk 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
=	26.621	/	18.402	*	91
=	132.01

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

Steel Hawk 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)
=	(4.854	+	0.75 * 26.621	+	0.5 * 1.501	-	37.212
-	0	-	0)	/	490.000
=	-0.02

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.

Steel Hawk Bhd Accounts Receivable Related Terms

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Steel Hawk Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Steel Hawk Bhd (XKLS:0320) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan PJU 1/37, Block H, 23-2 & 25-2, Dataran Prima, Petaling Jaya, SGR, MYS, 47301

Website

https://www.steelhawk.com.my

Steel Hawk Bhd is engaged in providing technical and engineering support services in the Oil and Gas Industry in Malaysia. It specializes in the installation, repair, refurbishment and replacement, and supply of oilfield equipment such as pig trap systems, fire-rated doors, or oil spill recovery equipment in topside oil and gas facilities. The company is also involved in providing engineering, procurement, construction, and commissioning (EPCC) services for chemical injection skids and maintenance of topside oil and gas facilities. Its reportable segments are; the I&M of oilfield equipment; Supply of oilfield equipment; and EPCC services and facilities improvement and maintenance, which generates maximum revenue. Geographically, it derives key revenue from its customers within Malaysia.

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