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Melati Ehsan Holdings Bhd (XKLS:5129) Accounts Receivable : RM128.65 Mil (As of Feb. 2024)


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What is Melati Ehsan Holdings Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Melati Ehsan Holdings Bhd's accounts receivables for the quarter that ended in Feb. 2024 was RM128.65 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Melati Ehsan Holdings Bhd's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 1,042.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Melati Ehsan Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was RM0.18.


Melati Ehsan Holdings Bhd Accounts Receivable Historical Data

The historical data trend for Melati Ehsan Holdings 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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Melati Ehsan Holdings Bhd Accounts Receivable Chart

Melati Ehsan Holdings Bhd Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 257.00 184.34 167.80 156.72 148.39

Melati Ehsan Holdings Bhd Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 164.59 169.90 148.39 176.15 128.65

Melati Ehsan Holdings Bhd Accounts Receivable Calculation

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


Melati Ehsan Holdings 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.

Melati Ehsan Holdings Bhd's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=128.652/11.265*91
=1,042.12

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

Melati Ehsan Holdings Bhd's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=(32.344+0.75 * 128.652+0.5 * 50.337-133.021
-0-0)/115.756
=0.18

* 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.


Melati Ehsan Holdings Bhd Accounts Receivable Related Terms

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Melati Ehsan Holdings Bhd (XKLS:5129) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Jalan Titiwangsa, Kuala Lumpur, SGR, MYS, 53200
Melati Ehsan Holdings Bhd is a Malaysia-based investment holding company primarily engaged in turnkey construction activities. It provides total solutions from conceptualizing project needs through financing, engineering, construction, and maintenance. The reporting segments of the group are the Construction segment which includes turnkey construction activities, the Trading segment which includes the trading of construction materials and rental of machinery, and Property development which relates to the development of residential and commercial properties. The company operates principally in Malaysia and generates the majority of its revenue from the Construction segment. The company's ongoing projects are Meridian at Kluang, TNB Mixed development at Bangsar, and others.

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