MY E.G.Services Bhd (XKLS:0138) Change In Receivables : RM3.8 Mil (TTM As of Dec. 2023)

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What is MY E.G.Services Bhd Change In Receivables?

MY E.G.Services Bhd's change in receivables for the quarter that ended in Dec. 2023 was RM46.8 Mil. It means MY E.G.Services Bhd's Accounts Receivable declined by RM46.8 Mil from Sep. 2023 to Dec. 2023 .

MY E.G.Services Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was RM3.8 Mil. It means MY E.G.Services Bhd's Accounts Receivable declined by RM3.8 Mil from Dec. 2022 to Dec. 2023 .

MY E.G.Services Bhd's Accounts Receivable for the quarter that ended in Dec. 2023 was RM341.0 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. MY E.G.Services Bhd's Days Sales Outstanding for the three months ended in Dec. 2023 was 140.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MY E.G.Services Bhd's liquidation value for the three months ended in Dec. 2023 was RM-688.5 Mil.

MY E.G.Services Bhd Change In Receivables Historical Data

The historical data trend for MY E.G.Services 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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MY E.G.Services Bhd Change In Receivables Chart

MY E.G.Services Bhd Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-88.01

24.52

-309.90

-114.95

3.83

MY E.G.Services Bhd Quarterly Data
	Mar18	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-104.27	5.00	22.46	-70.40	46.77

MY E.G.Services 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM3.8 Mil.

MY E.G.Services Bhd (XKLS:0138) 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.

MY E.G.Services Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	341.028	/	222.041	*	91
=	140.15

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

MY E.G.Services Bhd'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)
=	60.308	-	1017.492	+	0.75 * 341.028	+	0.5 * 25.779
=	-688.5

MY E.G.Services Bhd Change In Receivables Related Terms

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MY E.G.Services Bhd (XKLS:0138) Business Description

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Address

No. 8, Jalan Damansara, PJU 8, Level 43A, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820

Website

https://www.myeg.com.my

MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.

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