Globaltec Formation Bhd (XKLS:5220) Change In Receivables : RM6.3 Mil (TTM As of Mar. 2024)

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What is Globaltec Formation Bhd Change In Receivables?

Globaltec Formation Bhd's change in receivables for the quarter that ended in Mar. 2024 was RM-1.6 Mil. It means Globaltec Formation Bhd's Accounts Receivable increased by RM1.6 Mil from Dec. 2023 to Mar. 2024 .

Globaltec Formation Bhd's change in receivables for the fiscal year that ended in Jun. 2023 was RM0.5 Mil. It means Globaltec Formation Bhd's Accounts Receivable declined by RM0.5 Mil from Jun. 2022 to Jun. 2023 .

Globaltec Formation Bhd's Accounts Receivable for the quarter that ended in Mar. 2024 was RM28.7 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. Globaltec Formation Bhd's Days Sales Outstanding for the three months ended in Mar. 2024 was 56.18.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Globaltec Formation Bhd's liquidation value for the three months ended in Mar. 2024 was RM15.2 Mil.

Globaltec Formation Bhd Change In Receivables Historical Data

The historical data trend for Globaltec Formation 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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Globaltec Formation Bhd Change In Receivables Chart

Globaltec Formation Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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-0.66

15.48

-5.11

-5.55

0.50

Globaltec Formation 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															3.77	0.82	7.35	-0.18	-1.64

Globaltec Formation 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 RM6.3 Mil.

Globaltec Formation Bhd (XKLS:5220) 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.

Globaltec Formation 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
=	28.67	/	46.57	*	91
=	56.18

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

Globaltec Formation 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)
=	83.606	-	103.266	+	0.75 * 28.67	+	0.5 * 26.797
=	15.2

Globaltec Formation Bhd Change In Receivables Related Terms

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Globaltec Formation Bhd (XKLS:5220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Globaltec Formation Bhd (XKLS:5220) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2A, Jalan Stesen Sentral 2, Unit 23A-12, Menara Q Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

http://www.globaltec.com.my

Globaltec Formation Bhd is an auto parts manufacturer. Its business is divided into four reportable segments namely Integrated Manufacturing Services (IMS), Resources, Energy, and Investment Holding. The IMS segment deals with designing and manufacturing automotive components, and it also consists of the precision machining, stamping, and tooling arm and the semiconductor division. The Resources segment includes the oil palm plantation and coal mining divisions. The Energy segment includes oil and gas exploration, production, and services. Lastly, the Investment Holding segment manages the company's investments in subsidiaries. The company has operations in many countries, but it generates the majority of its revenue from the IMS segment.

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