TAS Offshore Bhd (XKLS:5149) Change In Receivables: RM3.9 Mil (TTM As of May. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:5149 TAS Offshore Bhd XKLS:5149
55 GF Score
Price RM0.47
GF Value RM0.86
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is TAS Offshore Bhd Change In Receivables?

TAS Offshore Bhd XKLS:5149 55 Change In Receivables is RM3.9 Mil as of May. 2026. GuruFocus rates XKLS:5149 with a GF Score™ of 55/100 and a GF Value™ of RM0.86 (Significantly Undervalued). The stock has 1 warning sign investors should review.

TAS Offshore Bhd's change in receivables for the quarter that ended in May. 2026 was RM13.3 Mil. It means TAS Offshore Bhd's Accounts Receivable declined by RM13.3 Mil from Feb. 2026 to May. 2026 .

TAS Offshore Bhd's change in receivables for the fiscal year that ended in May. 2026 was RM3.9 Mil. It means TAS Offshore Bhd's Accounts Receivable declined by RM3.9 Mil from May. 2025 to May. 2026 .

TAS Offshore Bhd's Accounts Receivable for the quarter that ended in May. 2026 was RM17.5 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. TAS Offshore Bhd's Days Sales Outstanding for the three months ended in May. 2026 was 54.12.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TAS Offshore Bhd's liquidation value for the three months ended in May. 2026 was RM24.5 Mil.


TAS Offshore Bhd  (XKLS:5149) 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.

TAS Offshore Bhd's Days Sales Outstanding for the quarter that ended in May. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=17.499/29.504*91
=54.12

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

TAS Offshore Bhd's liquidation value for the quarter that ended in May. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=28.837-49.701+0.75 * 17.499+0.5 * 64.549
=24.5

* 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.


TAS Offshore Bhd Change In Receivables Related Terms


TAS Offshore Bhd Change In Receivables Historical Data

* Premium members only.

The historical data trend for TAS Offshore 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.

TAS Offshore Bhd Change In Receivables Chart

TAS Offshore Bhd Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.87 -16.05 -16.25 15.36 3.88

TAS Offshore Bhd Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.97 -12.91 16.82 -13.37 13.34
XKLS:5149
55GF Score
TAS Offshore Bhd XKLS:5149
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TAS Offshore 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 May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM3.9 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of RM3.9 Mil mean?
TAS Offshore Bhd (XKLS:5149) has a Change In Receivables of RM3.9 Mil as of May. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for TAS Offshore Bhd and its competitors.
Is TAS Offshore Bhd's Change In Receivables too high?
TAS Offshore Bhd's current Change In Receivables is RM3.9 Mil. Overall, TAS Offshore Bhd has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TAS Offshore Bhd's Change In Receivables compare to SPCX and GE?
TAS Offshore Bhd's Change In Receivables of RM3.9 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for an Aerospace & Defense company?
A good Change In Receivables depends on the Aerospace & Defense industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for TAS Offshore Bhd and its competitors. TAS Offshore Bhd's current Change In Receivables is RM3.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAS Offshore Bhd stock overvalued right now?
Based on GuruFocus' analysis, TAS Offshore Bhd (XKLS:5149) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.86, compared to a current price of RM0.47 — trading 45.9% below its estimated fair value. The current Change In Receivables is RM3.9 Mil. TAS Offshore Bhd's overall GF Score™ is 55/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For TAS Offshore Bhd (XKLS:5149), the current Change In Receivables is RM3.9 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TAS Offshore Bhd (XKLS:5149) Overvalued in 2026?

Based on GuruFocus' analysis, TAS Offshore Bhd stock appears to be undervalued. The current stock price of RM0.47 is trading 45.9% below its estimated GF Value™ of RM0.86. GuruFocus considers TAS Offshore Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:5149:

  • Change In Receivables: RM3.9 Mil
  • GF Value™: RM0.86 vs. price of RM0.47 (45.9% below fair value)
  • GF Score™: 55/100 with 1 warning sign

No single metric tells the full story. See the XKLS:5149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TAS Offshore Bhd Business Description

Address Lot 199, Sungai Maaw Road, P.O. Box 920, Sungai Bidut, Sibu, SWK, MYS, 96000
TAS Offshore Bhd is an investment holding company engaged in shipbuilding and ship repairing activities across Malaysia, Singapore, and Indonesia. Its shipbuilding operations include constructing vessels such as tugboats, anchor handling tugs, anchor handling tug supply vessels, utility vessels, workboats, ferries, and cargo ships. The company also provides ship repair services, including routine maintenance, machinery inspection, repainting, and damage repair. Additionally, TAS Offshore offers vessel chartering services. It generates revenue through contracting shipbuilding, repair projects, and vessel leasing, serving clients in the marine and offshore industries.
55GF Score

Get the complete analysis for XKLS:5149

Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.47
Price
RM0.86
GF Value