Nova Pharma Solutions Bhd (XKLS:03006) Change In Receivables : RM2.75 Mil (TTM As of Dec. 2023)

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What is Nova Pharma Solutions Bhd Change In Receivables?

Nova Pharma Solutions Bhd's change in receivables for the quarter that ended in Dec. 2023 was RM2.80 Mil. It means Nova Pharma Solutions Bhd's Accounts Receivable declined by RM2.80 Mil from Jun. 2023 to Dec. 2023 .

Nova Pharma Solutions Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was RM2.75 Mil. It means Nova Pharma Solutions Bhd's Accounts Receivable declined by RM2.75 Mil from Dec. 2022 to Dec. 2023 .

Nova Pharma Solutions Bhd's Accounts Receivable for the quarter that ended in Dec. 2023 was RM1.02 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. Nova Pharma Solutions Bhd's Days Sales Outstanding for the six months ended in Dec. 2023 was 41.04.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nova Pharma Solutions Bhd's liquidation value for the six months ended in Dec. 2023 was RM11.20 Mil.

Nova Pharma Solutions Bhd Change In Receivables Historical Data

The historical data trend for Nova Pharma 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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Nova Pharma Solutions Bhd Change In Receivables Chart

Nova Pharma Solutions Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.93

-0.08

-0.10

-0.52

2.75

Nova Pharma Solutions Bhd Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial											-0.41	1.32	-1.85	-0.05	2.80

Nova Pharma 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was RM2.75 Mil.

Nova Pharma Solutions Bhd (XKLS:03006) 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.

Nova Pharma Solutions 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
=	1.022	/	4.545	*	91
=	41.04

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

Nova Pharma Solutions 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)
=	13.521	-	3.085	+	0.75 * 1.022	+	0.5 * 0
=	11.20

Nova Pharma Solutions Bhd Change In Receivables Related Terms

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Nova Pharma Solutions Bhd (XKLS:03006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nova Pharma Solutions Bhd (XKLS:03006) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Jalan USJ 25/1, Level 5, Suite C-5-1 & 2, Block C, Sky Park, One City, Subang Jaya, SGR, MYS, 47650

Website

http://www.novapharmasolutions.com

Nova Pharma Solutions Bhd provides engineering solutions to pharma and biotech industries. The company's reportable segments include Design fee, Post Design, & Other support fees. Design fee comprises conceptual designs which include user requirement specification, capacity analysis and process scheduling with detailed costing, list of deliverables, details specification of various equipment and processes. Post design fee comprise tendering and procurement support as well as the construction of a plant, & Other support fees comprise of services to assist a customer in the good manufacturing practice document review & gap analysis and assessment. It generates a majority of its revenue from the Design fee segment. Geographically, the company generates a majority of its revenue from Malaysia.

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