Eversafe Rubber Bhd (XKLS:0190) Change In Receivables : RM8.5 Mil (TTM As of Mar. 2024)

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What is Eversafe Rubber Bhd Change In Receivables?

Eversafe Rubber Bhd's change in receivables for the quarter that ended in Mar. 2024 was RM8.7 Mil. It means Eversafe Rubber Bhd's Accounts Receivable declined by RM8.7 Mil from Dec. 2023 to Mar. 2024 .

Eversafe Rubber Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was RM-3.1 Mil. It means Eversafe Rubber Bhd's Accounts Receivable increased by RM3.1 Mil from Dec. 2022 to Dec. 2023 .

Eversafe Rubber Bhd's Accounts Receivable for the quarter that ended in Mar. 2024 was RM29.5 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. Eversafe Rubber Bhd's Days Sales Outstanding for the three months ended in Mar. 2024 was 70.96.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Eversafe Rubber Bhd's liquidation value for the three months ended in Mar. 2024 was RM-2.4 Mil.

Eversafe Rubber Bhd Change In Receivables Historical Data

The historical data trend for Eversafe Rubber 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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Eversafe Rubber Bhd Change In Receivables Chart

Eversafe Rubber Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.85

-0.39

-4.01

-11.00

-3.07

Eversafe Rubber 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															-2.92	0.64	4.16	-4.94	8.67

Eversafe Rubber 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 RM8.5 Mil.

Eversafe Rubber Bhd (XKLS:0190) 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.

Eversafe Rubber 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
=	29.483	/	37.911	*	91
=	70.96

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

Eversafe Rubber 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)
=	19.816	-	55.051	+	0.75 * 29.483	+	0.5 * 21.529
=	-2.4

Eversafe Rubber Bhd Change In Receivables Related Terms

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Eversafe Rubber Bhd (XKLS:0190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Eversafe Rubber Bhd (XKLS:0190) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

Lot 94, Lebuh Portland, Tasek Industrial Estate, Ipoh, PRK, MYS, 31400

Website

http://www.eversafe.com.my

Eversafe Rubber Bhd is a rubber product manufacturing company. It is engaged in the development, manufacturing, and distribution of tyre retreading materials and tyre retreading operations. The group has a single reporting segment being Manufacturing and Sale of Rubber-based tyre retread products. It derives the majority of its geographical segment revenue from Malaysia.

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