Thong Guan Industries Bhd (XKLS:7034) Accounts Receivable: RM312 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:7034 Thong Guan Industries Bhd XKLS:7034
79 GF Score
Price RM1.64
GF Value RM1.75
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Thong Guan Industries Bhd Accounts Receivable?

Thong Guan Industries Bhd XKLS:7034 +0.61% 79 Accounts Receivable is RM312 Mil as of Jun. 2026. GuruFocus rates XKLS:7034 with a GF Score™ of 79/100 and a GF Value™ of RM1.75 (Fairly Valued). The stock has 10 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Thong Guan Industries Bhd's accounts receivables for the quarter that ended in Jun. 2026 was RM312 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Thong Guan Industries Bhd's Days Sales Outstanding for the quarter that ended in Jun. 2026 was 73.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Thong Guan Industries Bhd's Net-Net Working Capital per share for the quarter that ended in Jun. 2026 was RM0.77.


Thong Guan Industries 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.

Thong Guan Industries Bhd's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=311.511/384.79*91
=73.87

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

Thong Guan Industries Bhd's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2026 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)
=(438.708+0.75 * 311.511+0.5 * 243.867-465.455
-0-29.958)/390.02854
=0.77

* 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.


Thong Guan Industries Bhd Accounts Receivable Related Terms


Thong Guan Industries Bhd Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Thong Guan Industries 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.

Thong Guan Industries Bhd Accounts Receivable Chart

Thong Guan Industries Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 246.20 273.82 229.27 236.83 218.54

Thong Guan Industries Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 275.52 268.24 218.54 266.23 311.51
XKLS:7034
79GF Score
Thong Guan Industries Bhd XKLS:7034
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thong Guan Industries Bhd Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of RM312 Mil mean?
Thong Guan Industries Bhd (XKLS:7034) has a Accounts Receivable of RM312 Mil as of Jun. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Thong Guan Industries Bhd and its competitors.
Is Thong Guan Industries Bhd's Accounts Receivable too high?
Thong Guan Industries Bhd's current Accounts Receivable is RM312 Mil. Overall, Thong Guan Industries Bhd has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thong Guan Industries Bhd's Accounts Receivable compare to SW and AMCR?
Thong Guan Industries Bhd's Accounts Receivable of RM312 Mil can be compared against companies in the Packaging & Containers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Packaging & Containers company?
A good Accounts Receivable depends on the Packaging & Containers industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Thong Guan Industries Bhd and its competitors. Thong Guan Industries Bhd's current Accounts Receivable is RM312 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thong Guan Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Thong Guan Industries Bhd (XKLS:7034) is currently considered Fairly Valued. The stock's GF Value™ is RM1.75, compared to a current price of RM1.64 — trading 6.3% below its estimated fair value. The current Accounts Receivable is RM312 Mil. Thong Guan Industries Bhd's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Thong Guan Industries Bhd (XKLS:7034), the current Accounts Receivable is RM312 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thong Guan Industries Bhd (XKLS:7034) Overvalued in 2026?

Based on GuruFocus' analysis, Thong Guan Industries Bhd stock appears to be undervalued. The current stock price of RM1.64 is trading 6.3% below its estimated GF Value™ of RM1.75. GuruFocus considers Thong Guan Industries Bhd to be Fairly Valued.

Key valuation signals for XKLS:7034:

  • Accounts Receivable: RM312 Mil
  • GF Value™: RM1.75 vs. price of RM1.64 (6.3% below fair value)
  • GF Score™: 79/100 with 10 warning signs

No single metric tells the full story. See the XKLS:7034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thong Guan Industries Bhd Business Description

Address Lot 52, Jalan PKNK 1/6, Kawasan Perusahaan Sungai Petani, Sungai Petani, KDH, MYS, 08000
Thong Guan Industries Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, the firm is engaged in the trading of plastic packaging and petroleum products. It operates in two segments, including Plastic products and Food, beverages, and other consumable products. The company generates the majority of the revenue from the plastic products segment, which comprises stretch films, garbage bags, industrial bags, and PVC (Polyvinyl chloride) food wrap. Geographical presence is in Malaysia, Oceania, Europe, North America, other Asian countries, and others.
79GF Score

Get the complete analysis for XKLS:7034

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM1.64
Price
RM1.75
GF Value