Jaks Resources Bhd (XKLS:4723) Accounts Receivable : RM225.67 Mil (As of Dec. 2023)

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What is Jaks Resources Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jaks Resources Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM225.67 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jaks Resources Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1,701.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jaks Resources Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM-0.30.

Jaks Resources Bhd Accounts Receivable Historical Data

The historical data trend for Jaks Resources 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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Jaks Resources Bhd Accounts Receivable Chart

Jaks Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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295.78

251.40

225.53

177.39

225.67

Jaks Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															177.39	337.84	356.62	379.65	225.67

Jaks Resources Bhd Accounts Receivable Calculation

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

Jaks Resources 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.

Jaks Resources 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
=	225.673	/	12.1	*	91
=	1,701.87

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

Jaks Resources 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)
=	(24.845	+	0.75 * 225.673	+	0.5 * 0.483	-	970.827
-	0	-	-61.514)	/	2369.85
=	-0.30

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.

Jaks Resources Bhd Accounts Receivable Related Terms

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Jaks Resources Bhd (XKLS:4723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jaks Resources Bhd (XKLS:4723) » Definitions » Accounts Receivable

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Address

Jalan 13/6, Pacific Towers, Unit B-09-28, Tower B, Section 13, Petaling Jaya, SGR, MYS, 46200

Website

https://www.jaks.com.my

Jaks Resources Bhd is an investment holding company. It is organized into five segments: Manufacturing segment, which comprises mainly manufacturing of pipes; Trading segment comprising trading in sheet piles, steel bars, mild steel, and special pipes, other steel related products, building materials, and supply of products for water supply industry; Construction segment, which is the key revenue driver, mainly includes the provision of sub-contracting activities, general contractor, supplier of building materials and others; Property Development and Property Investment segment engaged in the development of residential and commercial properties and management of development shopping mall; and Others. Its geographical segments include Malaysia and Vietnam.

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