Solar District Cooling Group Bhd (XKLS:0321) Accounts Receivable : RM7.36 Mil (As of Dec. 2023)

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What is Solar District Cooling Group Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Solar District Cooling Group Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM7.36 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Solar District Cooling Group Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 50.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Solar District Cooling Group Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM0.02.

Solar District Cooling Group Bhd Accounts Receivable Historical Data

The historical data trend for Solar District Cooling Group 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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Solar District Cooling Group Bhd Accounts Receivable Chart

Solar District Cooling Group Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

5.50

7.24

7.49

7.36

Solar District Cooling Group Bhd Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	5.50	7.24	7.49	7.36

Solar District Cooling Group Bhd Accounts Receivable Calculation

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

Solar District Cooling Group 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.

Solar District Cooling Group Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.363	/	26.622	*	91
=	50.48

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

Solar District Cooling Group Bhd's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(6.143	+	0.75 * 7.363	+	0.5 * 3.24	-	4.614
-	0	-	0)	/	423.822
=	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.

Solar District Cooling Group Bhd Accounts Receivable Related Terms

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Solar District Cooling Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Solar District Cooling Group Bhd (XKLS:0321) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kajang Perdana 3/2, Wisma SDC No. 25, Taman Kajang Perdana, Kajang, SGR, MYS, 43000

Website

https://www.sdc.my

Solar District Cooling Group Bhd is principally involved in the provision and maintenance of BMS, solar thermal systems, other systems and equipment and other energy services. Its wholly-owned subsidiary is principally involved in mechanical and electrical works, and project management services.

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