Efficient E-Solutions Bhd (XKLS:0064) Change In Receivables : RM4.81 Mil (TTM As of Mar. 2024)

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What is Efficient E-Solutions Bhd Change In Receivables?

Efficient E-Solutions Bhd's change in receivables for the quarter that ended in Mar. 2024 was RM4.81 Mil. It means Efficient E-Solutions Bhd's Accounts Receivable declined by RM4.81 Mil from Dec. 2023 to Mar. 2024 .

Efficient E-Solutions Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was RM-3.78 Mil. It means Efficient E-Solutions Bhd's Accounts Receivable increased by RM3.78 Mil from Dec. 2022 to Dec. 2023 .

Efficient E-Solutions Bhd's Accounts Receivable for the quarter that ended in Mar. 2024 was RM8.30 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. Efficient E-Solutions Bhd's Days Sales Outstanding for the three months ended in Mar. 2024 was 86.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Efficient E-Solutions Bhd's liquidation value for the three months ended in Mar. 2024 was RM23.33 Mil.

Efficient E-Solutions Bhd Change In Receivables Historical Data

The historical data trend for Efficient E-Solutions Bhd'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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Efficient E-Solutions Bhd Change In Receivables Chart

Efficient E-Solutions Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.45

-0.80

0.25

-4.39

-3.78

Efficient E-Solutions Bhd 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															-3.78	5.51	-5.47	-0.03	4.81

Efficient E-Solutions Bhd 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 RM4.81 Mil.

Efficient E-Solutions Bhd (XKLS:0064) 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.

Efficient E-Solutions Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.296	/	8.749	*	91
=	86.53

2. In Ben Graham's calculation of liquidation value, Efficient E-Solutions Bhd's accounts receivable are only considered to be worth 75% of book value:

Efficient E-Solutions Bhd'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)
=	32.09	-	15.102	+	0.75 * 8.296	+	0.5 * 0.242
=	23.33

Efficient E-Solutions Bhd Change In Receivables Related Terms

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Efficient E-Solutions Bhd (XKLS:0064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Efficient E-Solutions Bhd (XKLS:0064) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 3, Jalan Astaka U8/82, Taman Perindustrian Bukit Jelutong, Seksyen U8, Bukit Jelutong, Shah Alam, SGR, MYS, 40150

Website

https://www.efficient.com.my

Efficient E-Solutions Bhd is a business process outsourcing company that provides data and document management solutions primarily in Malaysia. It operates through segments which are Records Management, IT Services and others. The company offers imaging and data capture solutions that convert handwritten, typed, and printed Web forms into electronic forms for indexing and intelligent data capture purposes; archival and retrieval solutions, which offer multiple capture and document management systems for the processing and retrieval of digitalized documents. IT Services segment offers IT system integration, shared, and support, as well as other IT-related services.

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