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Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) Accounts Receivable : RM542 Mil (As of Mar. 2024)


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What is Malaysia Marine and Heavy Engineering Holdings Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Malaysia Marine and Heavy Engineering Holdings Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM542 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Malaysia Marine and Heavy Engineering Holdings Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 50.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Malaysia Marine and Heavy Engineering Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM-1.18.


Malaysia Marine and Heavy Engineering Holdings Bhd Accounts Receivable Historical Data

The historical data trend for Malaysia Marine and Heavy Engineering 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.

* Premium members only.

Malaysia Marine and Heavy Engineering Holdings Bhd Accounts Receivable Chart

Malaysia Marine and Heavy Engineering 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 346.88 431.27 291.62 169.45 116.61

Malaysia Marine and Heavy Engineering 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 931.81 1,349.35 1,163.34 116.61 542.22

Malaysia Marine and Heavy Engineering Holdings Bhd Accounts Receivable Calculation

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


Malaysia Marine and Heavy Engineering 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.

Malaysia Marine and Heavy Engineering 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
=542.22/984.469*91
=50.26

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

Malaysia Marine and Heavy Engineering 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)
=(376.769+0.75 * 542.22+0.5 * 3.154-2664.965
-0-0.809)/1600
=-1.18

* 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.


Malaysia Marine and Heavy Engineering Holdings Bhd Accounts Receivable Related Terms

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Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Sultan Hishamuddin, Level 31, Menara Dayabumi, Kuala Lumpur, MYS, 50050
Malaysia Marine and Heavy Engineering Holdings Bhd is a marine and heavy engineering solutions provider for a range of offshore and onshore facilities and vessels. The company operates through three segments. Its Heavy engineering Business segment is engaged in the provision of service for oil and gas engineering, construction and conversion works. The Marine segment offers repair services and dry docking of liquefied natural gas carriers. Its Other segment comprises of supporting divisions to the group operations and sludge disposal management. The company generates maximum revenue from the Heavy engineering Business segment.

Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) Headlines

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