Safe Fertility Group PCL (BKK:SAFE) Accounts Receivable : ฿17.6 Mil (As of Dec. 2023)

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What is Safe Fertility Group PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Safe Fertility Group PCL's accounts receivables for the quarter that ended in Dec. 2023 was ฿17.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Safe Fertility Group PCL's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 7.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Safe Fertility Group PCL's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ฿4.24.

Safe Fertility Group PCL Accounts Receivable Historical Data

The historical data trend for Safe Fertility Group PCL's Accounts Receivable 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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Safe Fertility Group PCL Accounts Receivable Chart

Safe Fertility Group PCL Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

8.17

13.51

17.57

Safe Fertility Group PCL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	8.17	-	13.51	16.82	17.57

Safe Fertility Group PCL Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Safe Fertility Group PCL Accounts Receivable 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 receivables are being managed.

Safe Fertility Group PCL's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	17.571	/	442.069	*	91
=	7.25

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Safe Fertility Group PCL's accounts receivable are only considered to be worth 75% of book value:

Safe Fertility Group PCL's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1482.864	+	0.75 * 17.571	+	0.5 * 65.12	-	235.707
-	0	-	4.128)	/	303.948
=	4.24

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

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Safe Fertility Group PCL (BKK:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Safe Fertility Group PCL (BKK:SAFE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

496 – 502 Ploenchit Road, Amarin Plaza Building, 16, 17, 18th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.safefertilitygroup.com

Safe Fertility Group PCL is the first IVF Clinic in Bangkok, Thailand, and the second in ASEAN apart from Singapore that has been accredited by RTAC of the Fertility Society of Australia (FSA) and New Zealand. It provides expert care using leading technologies that are targeted to each patient's individual needs. The company offers a wide range of infertility treatments, all performed under the strictest safety standards.