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Hong Leong Financial Group Bhd (XKLS:1082) Accounts Receivable : RM0 Mil (As of Mar. 2024)


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What is Hong Leong Financial Group Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hong Leong Financial Group Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hong Leong Financial Group Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hong Leong Financial Group Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM-252.06.


Hong Leong Financial Group Bhd Accounts Receivable Historical Data

The historical data trend for Hong Leong Financial 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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Hong Leong Financial Group Bhd Accounts Receivable Chart

Hong Leong Financial Group Bhd Annual Data
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Hong Leong Financial Group Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Hong Leong Financial Group Bhd Accounts Receivable Calculation

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


Hong Leong Financial 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.

Hong Leong Financial Group Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1665.827*91
=0.00

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

Hong Leong Financial Group Bhd's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(12317.26+0.75 * 0+0.5 * 0-284353.356
-0-13860.304)/1134.258
=-252.06

* 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.


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.


Hong Leong Financial Group Bhd Accounts Receivable Related Terms

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Hong Leong Financial Group Bhd (XKLS:1082) Business Description

Traded in Other Exchanges
N/A
Address
No. 6, Jalan Damanlela, Level 30, Menara Hong Leong, Bukit Damansara, Kuala Lumpur, SGR, MYS, 50490
Hong Leong Financial Group Bhd is a Malaysia-based conglomerate that is involved in a diversified range of businesses, including banking and financial services, manufacturing and distribution, hospitality and leisure, property development and investments, and principal investments. The company's reportable segments consist of Commercial banking, Investment banking and asset management, Insurance, and the other operations segment that contains investment holding and provision of management services. The commercial banking segment accounts for the majority of total revenue. The firm's business operations are concentrated in Malaysia.

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