Mst Golf group Bhd (XKLS:5316) Accounts Receivable : RM3.6 Mil (As of Dec. 2024)

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What is Mst Golf group Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mst Golf group Bhd's accounts receivables for the quarter that ended in Dec. 2024 was RM3.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mst Golf group Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 3.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mst Golf group Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was RM0.00.

Mst Golf group Bhd Accounts Receivable Historical Data

The historical data trend for Mst Golf group 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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Mst Golf group Bhd Accounts Receivable Chart

Mst Golf group Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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5.53

7.80

8.51

11.83

3.63

Mst Golf group Bhd Quarterly Data
	Dec19	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial							11.83	16.18	14.56	12.51	3.63

Mst Golf group Bhd Accounts Receivable Calculation

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

Mst Golf group 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.

Mst Golf group Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.634	/	86.065	*	91
=	3.85

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

Mst Golf group Bhd's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(83.857	+	0.75 * 3.634	+	0.5 * 165.754	-	145.847
-	0	-	19.835)	/	820.869
=	0.00

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.

Mst Golf group Bhd Accounts Receivable Related Terms

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Mst Golf group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mst Golf group Bhd (XKLS:5316) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Jalan SS 13/5, MST Golf Plaza, Subang Jaya, SGR, MYS, 47500

Website

https://www.mstgolfgroup.com

Mst Golf group Bhd is principally an investment holding company whilst its Subsidiaries are principally engaged in the specialty retail and wholesale of golf equipment comprising golf clubs, golf balls and accessories and golf apparel in Malaysia and Singapore. In addition, the company also offers golf-related services including golf coaching, rental of golf equipment mainly golf clubs and golf accessories at its pro shops at golf and country clubs and supply of range balls for use at the driving range that it operates, event management and planning for golf tournament-related events as well as operating indoor golf centers.

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