Hiap Teck Venture Bhd (XKLS:5072) Accounts Receivable : RM397 Mil (As of Jan. 2024)

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What is Hiap Teck Venture Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hiap Teck Venture Bhd's accounts receivables for the quarter that ended in Jan. 2024 was RM397 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hiap Teck Venture Bhd's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 78.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hiap Teck Venture Bhd's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was RM-0.04.

Hiap Teck Venture Bhd Accounts Receivable Historical Data

The historical data trend for Hiap Teck Venture 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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Hiap Teck Venture Bhd Accounts Receivable Chart

Hiap Teck Venture Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Accounts Receivable

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242.79

186.80

203.50

359.54

349.20

Hiap Teck Venture Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															333.27	363.37	349.20	366.25	397.50

Hiap Teck Venture Bhd Accounts Receivable Calculation

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

Hiap Teck Venture 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.

Hiap Teck Venture Bhd's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	397.497	/	459.454	*	91
=	78.95

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

Hiap Teck Venture Bhd's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(83.093	+	0.75 * 397.497	+	0.5 * 513.567	-	698.822
-	0	-	0.202)	/	1742.23
=	-0.04

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.

Hiap Teck Venture Bhd Accounts Receivable Related Terms

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Hiap Teck Venture Bhd (XKLS:5072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hiap Teck Venture Bhd (XKLS:5072) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 6096, Jalan Haji Abdul Manan, Batu 5 1/2, Off Jalan Meru, Klang, SGR, MYS, 41050

Website

https://www.htgrp.com.my

Hiap Teck Venture Bhd is a Malaysia-based company. It has five segments. The Trading segment is involved in importing, exporting, general dealing, and leasing of steel products, hardware, and building materials; the Manufacturing segment is involved in manufacturing, selling, and renting pipes, hollow sections, scaffolding equipment, and other steel products; the Property and Investment segment is engaged in renting out property and investment holding; the Transportation segment includes a provision of transportation of goods by lorries; and the Mining and exploration segment consists of exploring, contracting and other activities related to the mining, processing, and sale of iron ore. It generates a vast majority of the revenues from the Trading segment within Malaysia.

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