Minox International Group Bhd (XKLS:0288) Change In Receivables : RM4.17 Mil (TTM As of Dec. 2023)

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What is Minox International Group Bhd Change In Receivables?

Minox International Group Bhd's change in receivables for the quarter that ended in Dec. 2023 was RM4.17 Mil. It means Minox International Group Bhd's Accounts Receivable declined by RM4.17 Mil from Dec. 2022 to Dec. 2023 .

Minox International Group Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was RM4.17 Mil. It means Minox International Group Bhd's Accounts Receivable declined by RM4.17 Mil from Dec. 2022 to Dec. 2023 .

Minox International Group Bhd's Accounts Receivable for the quarter that ended in Dec. 2023 was RM7.19 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. Minox International Group Bhd's Days Sales Outstanding for the six months ended in Dec. 2023 was 26.66.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Minox International Group Bhd's liquidation value for the six months ended in Dec. 2023 was RM14.40 Mil.

Minox International Group Bhd Change In Receivables Historical Data

The historical data trend for Minox International Group 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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Minox International Group Bhd Change In Receivables Chart

Minox International Group Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

2.73

0.22

1.28

-4.67

4.17

Minox International Group Bhd Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Change In Receivables	2.73	0.22	1.28	-4.67	4.17

Minox International Group 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 was RM4.17 Mil.

Minox International Group Bhd (XKLS:0288) 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.

Minox International Group 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
=	7.19	/	49.216	*	91
=	26.66

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

Minox International Group 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)
=	31.998	-	36.505	+	0.75 * 7.19	+	0.5 * 27.023
=	14.40

Minox International Group Bhd Change In Receivables Related Terms

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Minox International Group Bhd (XKLS:0288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Minox International Group Bhd (XKLS:0288) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Jalan Industri PBP 11, Taman Industri Pusat Bandar Puchong, Puchong, SGR, MYS, 47100

Website

https://www.minox.biz

Minox International Group Bhd is principally an investment holding company. It is involved in the distribution of stainless steel sanitary valves, tubes & fittings, installation components & equipment, rubber hoses under its MINOX brand and other related products.

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