Modernform Group PCL (BKK:MODERN) Change In Receivables : ฿34 Mil (TTM As of Mar. 2024)

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What is Modernform Group PCL Change In Receivables?

Modernform Group PCL's change in receivables for the quarter that ended in Mar. 2024 was ฿76 Mil. It means Modernform Group PCL's Accounts Receivable declined by ฿76 Mil from Dec. 2023 to Mar. 2024 .

Modernform Group PCL's change in receivables for the fiscal year that ended in Dec. 2023 was ฿1 Mil. It means Modernform Group PCL's Accounts Receivable declined by ฿1 Mil from Dec. 2022 to Dec. 2023 .

Modernform Group PCL's Accounts Receivable for the quarter that ended in Mar. 2024 was ฿250 Mil.

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 Receivable are being managed. Modernform Group PCL's Days Sales Outstanding for the three months ended in Mar. 2024 was 49.90.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Modernform Group PCL's liquidation value for the three months ended in Mar. 2024 was ฿352 Mil.

Modernform Group PCL Change In Receivables Historical Data

The historical data trend for Modernform Group PCL's Change In Receivables 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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Modernform Group PCL Change In Receivables Chart

Modernform Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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210.40

202.29

100.60

-69.35

1.35

Modernform Group PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															43.58	-13.78	-70.31	41.86	75.76

Modernform Group PCL Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿34 Mil.

Modernform Group PCL (BKK:MODERN) Change In Receivables 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 Receivable are being managed.

Modernform Group PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	249.661	/	456.509	*	91
=	49.90

2. In Ben Graham's calculation of liquidation value, Modernform Group PCL's accounts receivable are only considered to be worth 75% of book value:

Modernform Group PCL's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	665.542	-	1047.095	+	0.75 * 249.661	+	0.5 * 1092.555
=	352

Modernform Group PCL Change In Receivables Related Terms

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Modernform Group PCL (BKK:MODERN) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Modernform Group PCL (BKK:MODERN) » Definitions » Change In Receivables

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Address

699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250

Website

https://www.modernform.co.th

Modernform Group PCL is a Thailand-based company, involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business of which furniture business accounts for the majority of revenue. Its furniture business consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.

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