Tiong Seng Holdings (SGX:BFI) Change In Receivables : S$-6.2 Mil (TTM As of Dec. 2023)

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What is Tiong Seng Holdings Change In Receivables?

Tiong Seng Holdings's change in receivables for the quarter that ended in Dec. 2023 was S$-0.7 Mil. It means Tiong Seng Holdings's Accounts Receivable increased by S$0.7 Mil from Jun. 2023 to Dec. 2023 .

Tiong Seng Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was S$-6.2 Mil. It means Tiong Seng Holdings's Accounts Receivable increased by S$6.2 Mil from Dec. 2022 to Dec. 2023 .

Tiong Seng Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was S$30.5 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. Tiong Seng Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 17.74.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tiong Seng Holdings's liquidation value for the six months ended in Dec. 2023 was S$-237.1 Mil.

Tiong Seng Holdings Change In Receivables Historical Data

The historical data trend for Tiong Seng Holdings'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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Tiong Seng Holdings Change In Receivables Chart

Tiong Seng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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8.11

24.12

-5.19

-5.51

-6.24

Tiong Seng Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															7.32	-0.49	-5.02	-5.54	-0.69

Tiong Seng Holdings 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-6.2 Mil.

Tiong Seng Holdings (SGX:BFI) 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.

Tiong Seng Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	30.521	/	314.07	*	91
=	17.74

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

Tiong Seng Holdings's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	112.578	-	438.897	+	0.75 * 30.521	+	0.5 * 132.693
=	-237.1

Tiong Seng Holdings Change In Receivables Related Terms

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Tiong Seng Holdings (SGX:BFI) Business Description

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Address

21 Fan Yoong Road, Singapore, SGP, 629796

Website

https://www.tiongseng.com.sg

Tiong Seng Holdings Ltd operates as a construction and property development firm. It undertakes a wide range of projects of different variables such as residential, commercial, institutional, civil engineering, foundation and infrastructural projects. The firm has three segments, Construction: which derives the majority of revenue and relates to acting as main contractors in the construction and civil engineering projects and provision of construction; Engineering solutions: which relates to manufacturing and supplying precast and prefabricated components and provision of steel and mass-engineered timber. Property development: relates to the development and sales of properties. Most of its revenue is earned through construction services across Singapore. also has a presence in Malaysia.