Top Glove Bhd (Top Glove Bhd) Change In Receivables : $0.0 Mil (TTM As of Feb. 2024)

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What is Top Glove Bhd Change In Receivables?

Top Glove Bhd's change in receivables for the quarter that ended in Feb. 2024 was $0.0 Mil. It means Top Glove Bhd's Accounts Receivable stayed the same from Nov. 2023 to Feb. 2024 .

Top Glove Bhd's change in receivables for the fiscal year that ended in Aug. 2023 was $16.2 Mil. It means Top Glove Bhd's Accounts Receivable declined by $16.2 Mil from Aug. 2022 to Aug. 2023 .

Top Glove Bhd's Accounts Receivable for the quarter that ended in Feb. 2024 was $49.3 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. Top Glove Bhd's Days Sales Outstanding for the three months ended in Feb. 2024 was 38.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Top Glove Bhd's liquidation value for the three months ended in Feb. 2024 was $23.4 Mil.

Top Glove Bhd Change In Receivables Historical Data

The historical data trend for Top Glove 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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Top Glove Bhd Change In Receivables Chart

Top Glove Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

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11.36

9.34

55.29

68.60

16.20

Top Glove Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Top Glove 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Top Glove Bhd (OTCPK:TPGVF) 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.

Top Glove Bhd's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	49.294	/	115.483	*	91
=	38.95

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

Top Glove Bhd's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	196.306	-	245.223	+	0.75 * 49.294	+	0.5 * 70.608
=	23.4

Top Glove Bhd Change In Receivables Related Terms

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Top Glove Bhd (Top Glove Bhd) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Top Glove Corp Bhd (OTCPK:TPGVF) » Definitions » Change In Receivables

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TGLVY:USA BVA:Singapore 7113:Malaysia

Address

16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170

Website

https://www.topglove.com

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.

Top Glove Bhd (Top Glove Bhd) Headlines

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