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Vetece Holdings Bhd (XKLS:0319) Change In Receivables : RM5.96 Mil (TTM As of Aug. 2024)


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What is Vetece Holdings Bhd Change In Receivables?

Vetece Holdings Bhd's change in receivables for the quarter that ended in Aug. 2024 was RM5.96 Mil. It means Vetece Holdings Bhd's Accounts Receivable declined by RM5.96 Mil from Aug. 2023 to Aug. 2024 .

Vetece Holdings Bhd's change in receivables for the fiscal year that ended in Aug. 2024 was RM5.96 Mil. It means Vetece Holdings Bhd's Accounts Receivable declined by RM5.96 Mil from Aug. 2023 to Aug. 2024 .

Vetece Holdings Bhd's Accounts Receivable for the quarter that ended in Aug. 2024 was RM3.19 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. Vetece Holdings Bhd's Days Sales Outstanding for the six months ended in Aug. 2024 was 29.94.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Vetece Holdings Bhd's liquidation value for the six months ended in Aug. 2024 was RM29.42 Mil.

Vetece Holdings Bhd Change In Receivables Historical Data

The historical data trend for Vetece Holdings 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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Vetece Holdings Bhd Change In Receivables Chart

Vetece Holdings Bhd Annual Data
Trend Aug21 Aug22 Aug23 Aug24
Change In Receivables
-1.36 0.75 -7.41 5.96

Vetece Holdings Bhd Semi-Annual Data
Aug21 Aug22 Aug23 Aug24
Change In Receivables -1.36 0.75 -7.41 5.96

Vetece Holdings 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 Aug. 2024 was RM5.96 Mil.

* 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.

Vetece Holdings Bhd  (XKLS:0319) 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.

Vetece Holdings Bhd's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.19/19.444*91
=29.94

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

Vetece Holdings Bhd's liquidation value for the quarter that ended in Aug. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=32.418-5.393+0.75 * 3.19+0.5 * 0
=29.42

* 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.

Vetece Holdings Bhd Change In Receivables Related Terms

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Vetece Holdings Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Vetece Holdings Bhd (XKLS:0319) » Definitions » Change In Receivables
Comparable Companies
XKLS:0343 XKLS:0281 XKLS:0106 XKLS:8338 XKLS:5011 XKLS:5036 XKLS:9075 XKLS:0131 XKLS:0020 XKLS:0123 IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH FIS TSE:6702 CTSH XMAD:AMS
Traded in Other Exchanges
N/A
Address
No. 2, Jalan Kerinchi, E-32-3A and E-32-03, Menara Suezcap 2, KL Gateway, Gerbang Kerinchi Lestari, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Website
https://www.vtcholding.com
Vetece Holdings Bhd is an investment holding company. Through its subsidiaries, it is principally an enterprise IT solutions provider, providing implementation services, maintenance, support and professional services as well as resale of hardware and software. The company assists its clients in the implementation process involving design, installation, customization and configuration, data integration, testing and deployment of the enterprise IT solutions to ensure that it seamlessly integrates with clients' systems. Post-implementation process, It will continue to provide ongoing support through maintenance, support and professional services which include maintenance and upgrades of the systems, as well as providing training to clients' employees.

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