Advance Synergy Bhd (XKLS:1481) Change In Receivables : RM-23.5 Mil (TTM As of Mar. 2024)

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What is Advance Synergy Bhd Change In Receivables?

Advance Synergy Bhd's change in receivables for the quarter that ended in Mar. 2024 was RM3.3 Mil. It means Advance Synergy Bhd's Accounts Receivable declined by RM3.3 Mil from Dec. 2023 to Mar. 2024 .

Advance Synergy Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was RM-21.6 Mil. It means Advance Synergy Bhd's Accounts Receivable increased by RM21.6 Mil from Dec. 2022 to Dec. 2023 .

Advance Synergy Bhd's Accounts Receivable for the quarter that ended in Mar. 2024 was RM107.9 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. Advance Synergy Bhd's Days Sales Outstanding for the three months ended in Mar. 2024 was 146.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Advance Synergy Bhd's liquidation value for the three months ended in Mar. 2024 was RM-3.2 Mil.

Advance Synergy Bhd Change In Receivables Historical Data

The historical data trend for Advance Synergy 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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Advance Synergy Bhd Change In Receivables Chart

Advance Synergy Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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15.98

29.11

-14.94

-18.45

-21.56

Advance Synergy 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															5.20	-4.20	-6.87	-15.70	3.31

Advance Synergy 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 RM-23.5 Mil.

Advance Synergy Bhd (XKLS:1481) 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.

Advance Synergy 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
=	107.875	/	67.199	*	91
=	146.48

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

Advance Synergy 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)
=	139.512	-	248.122	+	0.75 * 107.875	+	0.5 * 48.93
=	-3.2

Advance Synergy Bhd Change In Receivables Related Terms

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Advance Synergy Bhd (XKLS:1481) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Synergy 9, 9 Jalan Kajibumi U1/70,, Ground Floor, Temasya Glenmarie, Shah Alam, SGR, MYS, 40150

Website

https://www.asb.com.my

Advance Synergy Bhd is an investment holding company. Its segments include Investment Holding, which provides corporate and financial support to the group; Property Development engages in the development of residential and commercial properties; the Information and Communications Technology segment is engaged in the design and development of telecommunications software applications and systems; Travel and Tours segment is involved in the money services business and provision of travel-related services; Financial Services includes payment card issuing and acquiring and related services and money services business and Others segment. It operates mainly in Malaysia, Africa, Singapore, the Middle East, Europe and others.

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