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Dayang Enterprise Holdings Bhd (XKLS:5141) Accounts Receivable : RM217 Mil (As of Mar. 2024)


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What is Dayang Enterprise Holdings Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dayang Enterprise Holdings Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM217 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dayang Enterprise Holdings Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 80.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dayang Enterprise Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM-0.13.


Dayang Enterprise Holdings Bhd Accounts Receivable Historical Data

The historical data trend for Dayang Enterprise 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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Dayang Enterprise Holdings Bhd Accounts Receivable Chart

Dayang Enterprise Holdings Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 153.51 89.64 108.61 119.92 159.47

Dayang Enterprise Holdings Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 80.02 109.70 179.06 159.47 217.33

Dayang Enterprise Holdings Bhd Accounts Receivable Calculation

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


Dayang Enterprise 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.

Dayang Enterprise Holdings 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
=217.334/247.121*91
=80.25

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

Dayang Enterprise Holdings 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)
=(535.097+0.75 * 217.334+0.5 * 6.121-605.618
-0-247.911)/1157.77
=-0.13

* 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.


Dayang Enterprise Holdings Bhd Accounts Receivable Related Terms

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Dayang Enterprise Holdings Bhd (XKLS:5141) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Taman Raja MCLD, Sublot 5 - 10, Lot 46, Block 10, Miri, SWK, MYS, 98000
Dayang Enterprise Holdings Bhd is an investment holding company. Its operating segments include Topside maintenance services and Marine offshore support services. Topside maintenance services include the provision of offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services for oil and gas companies. Marine offshore support services involve chartering of marine vessels and the provision of related support services, as well as catering of food and beverage. Dayang generates the majority of its revenues from Topside maintenance services.

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