ASTEEL Group Bhd (XKLS:7020) Change In Receivables : RM-11.9 Mil (TTM As of Dec. 2024)

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What is ASTEEL Group Bhd Change In Receivables?

ASTEEL Group Bhd's change in receivables for the quarter that ended in Dec. 2024 was RM-3.7 Mil. It means ASTEEL Group Bhd's Accounts Receivable increased by RM3.7 Mil from Sep. 2024 to Dec. 2024 .

ASTEEL Group Bhd's change in receivables for the fiscal year that ended in Dec. 2024 was RM-11.9 Mil. It means ASTEEL Group Bhd's Accounts Receivable increased by RM11.9 Mil from Dec. 2023 to Dec. 2024 .

ASTEEL Group Bhd's Accounts Receivable for the quarter that ended in Dec. 2024 was RM67.2 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. ASTEEL Group Bhd's Days Sales Outstanding for the three months ended in Dec. 2024 was 89.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ASTEEL Group Bhd's liquidation value for the three months ended in Dec. 2024 was RM-56.9 Mil.

ASTEEL Group Bhd Change In Receivables Historical Data

The historical data trend for ASTEEL Group 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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ASTEEL Group Bhd Change In Receivables Chart

ASTEEL Group Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Receivables

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4.06

-10.02

-4.74

-11.50

-11.86

ASTEEL Group Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Change In Receivables	Get a 7-Day Free Trial															-11.91	-3.14	0.52	-5.55	-3.69

ASTEEL Group 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-11.9 Mil.

ASTEEL Group Bhd (XKLS:7020) 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.

ASTEEL Group Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	67.152	/	68.435	*	91
=	89.54

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

ASTEEL Group Bhd's liquidation value for the quarter that ended in Dec. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	31.535	-	166.809	+	0.75 * 67.152	+	0.5 * 55.993
=	-56.9

ASTEEL Group Bhd Change In Receivables Related Terms

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ASTEEL Group Bhd Business Description

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Address

No.2 Jalan Setia Prima S U13/S Seksyen U13, Suite 27-1 Setia Avenue, Setia Alam, Shah Alam, SGR, MYS, 40170

Website

https://www.asteelgroup.com

ASTEEL Group Bhd operates integrated steel mills in East Malaysia, which is a wholly owned subsidiary of YKGI HOLDINGS BERHAD. ASTEEL specializes in steel roofing and structure design and building and focuses on the downstream industry for other building and construction materials. It is involved in the manufacturing of coated steel products and processing of metal roofing, wall cladding & fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the brands ASTEEL and ASTAR. The firm operates in two segments: ARSB and STARSHINE. ARSB segment that derives the majority of revenue engages in manufacturing and selling coated steel products and downstream roofing products, trading of hardware and building materials in Sabah and Sarawak, East Malaysia.

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