Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) Accounts Receivable : ฿259 Mil (As of Mar. 2024)

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What is Kiang Huat Sea Gull Trading Frozen Food PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kiang Huat Sea Gull Trading Frozen Food PCL's accounts receivables for the quarter that ended in Mar. 2024 was ฿259 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kiang Huat Sea Gull Trading Frozen Food PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 34.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kiang Huat Sea Gull Trading Frozen Food PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿-71.09.

Kiang Huat Sea Gull Trading Frozen Food PCL Accounts Receivable Historical Data

The historical data trend for Kiang Huat Sea Gull Trading Frozen Food 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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Kiang Huat Sea Gull Trading Frozen Food PCL Accounts Receivable Chart

Kiang Huat Sea Gull Trading Frozen Food PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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44.32

38.48

14.52

155.54

92.18

Kiang Huat Sea Gull Trading Frozen Food PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															135.87	210.48	78.29	92.18	258.55

Kiang Huat Sea Gull Trading Frozen Food PCL Accounts Receivable Calculation

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

Kiang Huat Sea Gull Trading Frozen Food 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.

Kiang Huat Sea Gull Trading Frozen Food PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	258.553	/	691.406	*	91
=	34.12

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Kiang Huat Sea Gull Trading Frozen Food PCL's accounts receivable are only considered to be worth 75% of book value:

Kiang Huat Sea Gull Trading Frozen Food PCL's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(10.109	+	0.75 * 258.553	+	0.5 * 1502.74	-	1488.56
-	0	-	0.015)	/	7.5
=	-71.09

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.

Kiang Huat Sea Gull Trading Frozen Food PCL Accounts Receivable Related Terms

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Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

4/2 Moo 3, Asia 43 Road, Tambol Namom, Amphur Namom, Songkhla, THA, 90310

Website

https://www.kst-hatyai.com

Kiang Huat Sea Gull Trading Frozen Food PCL is engaged in the frozen seafood manufacturing business. The production processes include beheading, peeling, sizing, weighing, arranging, cooking, value-added processing, and freezing and packing. The company produces a wide variety of block, vacuum-packed items such as Raw and cooked head-on, Headless and peeled shrimps, Extended shrimps (nobashi), Cooked tail-on butterfly shrimps (sushi), Breaded shrimps (panko), Easily peeled shrimps, Slipper lobster tail, and Meat. The organization sells its products under its own brands which are Sea Kin, Sea Champion, Eagle, Sea Queen, Sea Flower, and Blue Gulf. The group sells its products in Asia, Europe, America, Africa, and Thailand, of which key revenue is generated from Asia.

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