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CPE Technology Bhd (XKLS:5317) Accounts Receivable : RM20.4 Mil (As of Jun. 2023)


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What is CPE Technology Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CPE Technology Bhd's accounts receivables for the quarter that ended in Jun. 2023 was RM20.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CPE Technology Bhd's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 25.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CPE Technology Bhd's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was RM0.31.

CPE Technology Bhd Accounts Receivable Historical Data

The historical data trend for CPE Technology 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.

CPE Technology Bhd Accounts Receivable Chart

CPE Technology Bhd Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
12.00 15.77 15.88 25.14 20.40

CPE Technology Bhd Semi-Annual Data
Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable 12.00 15.77 15.88 25.14 20.40

CPE Technology Bhd Accounts Receivable Calculation

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

CPE Technology 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.

CPE Technology Bhd's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=20.397/145.275*91
=25.62

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

CPE Technology Bhd's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 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)
=(207.076+0.75 * 20.397+0.5 * 53.667-39.71
-0-0)/671.315
=0.31

* 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.

CPE Technology Bhd Accounts Receivable Related Terms

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CPE Technology Bhd (XKLS:5317) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CPE Technology Bhd (XKLS:5317) » Definitions » Accounts Receivable
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 6, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, JHR, MYS, 81800
Website
https://www.cpetbhd.com
CPE Technology Bhd is an engineering support services provider principally involved in the manufacturing of precision-machined parts and components and the provision of CNC machining services. The precision-machined parts and components are then used by its customers in different industries which include, but not limited to, semiconductors, life science and medical devices, sports equipment, sensor equipment and security industries in Malaysia and overseas. The company utilizes CNC machining as its primary process such as milling, turning and lathing before going through associated secondary processes which include, but not limited to, polishing, grinding and sandblasting to produce precision-machined parts and components from metal rods and blocks.

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