Solid Automotive Bhd (XKLS:5242) Change In Receivables : RM-1.9 Mil (TTM As of Jan. 2024)

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What is Solid Automotive Bhd Change In Receivables?

Solid Automotive Bhd's change in receivables for the quarter that ended in Jan. 2024 was RM3.8 Mil. It means Solid Automotive Bhd's Accounts Receivable declined by RM3.8 Mil from Oct. 2023 to Jan. 2024 .

Solid Automotive Bhd's change in receivables for the fiscal year that ended in Apr. 2023 was RM4.9 Mil. It means Solid Automotive Bhd's Accounts Receivable declined by RM4.9 Mil from Apr. 2022 to Apr. 2023 .

Solid Automotive Bhd's Accounts Receivable for the quarter that ended in Jan. 2024 was RM64.7 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. Solid Automotive Bhd's Days Sales Outstanding for the three months ended in Jan. 2024 was 69.69.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Solid Automotive Bhd's liquidation value for the three months ended in Jan. 2024 was RM54.5 Mil.

Solid Automotive Bhd Change In Receivables Historical Data

The historical data trend for Solid Automotive 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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Solid Automotive Bhd Change In Receivables Chart

Solid Automotive Bhd Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Receivables

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-6.29

-3.96

-8.55

-13.37

4.87

Solid Automotive Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															4.40	-4.30	0.14	-1.49	3.79

Solid Automotive 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-1.9 Mil.

Solid Automotive Bhd (XKLS:5242) 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.

Solid Automotive Bhd's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	64.675	/	84.683	*	91
=	69.69

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

Solid Automotive Bhd's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	56.418	-	100.36	+	0.75 * 64.675	+	0.5 * 99.791
=	54.5

Solid Automotive Bhd Change In Receivables Related Terms

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Solid Automotive Bhd (XKLS:5242) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solid Automotive Bhd (XKLS:5242) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

PLO 436, Jalan Gangsa, Kawasan Perindustrian Pasir Gudang, Pasir Gudang, JHR, MYS, 81700

Website

https://www.solidautomotive.com

Solid Automotive Bhd is engaged in the business of investment holding and the provision of management services. The company's operating segment includes Automotive electrical parts; Automotive engine and mechanical parts and Others. It generates maximum revenue from the Automotive electrical parts segment. Automotive electrical parts segment is involved in the trading and distribution of automotive batteries, lubricants, industrial supplies, electrical parts, and components. Geographically, it derives a majority of revenue from Malaysia and also has a presence in the Middle East and Africa and Other Countries.

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