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Star Petroleum Refining PCL (BKK:SPRC) Accounts Receivable : ฿17,771 Mil (As of Mar. 2024)


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What is Star Petroleum Refining PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Star Petroleum Refining PCL's accounts receivables for the quarter that ended in Mar. 2024 was ฿17,771 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Star Petroleum Refining PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 23.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Star Petroleum Refining PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿-1.56.


Star Petroleum Refining PCL Accounts Receivable Historical Data

The historical data trend for Star Petroleum Refining 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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Star Petroleum Refining PCL Accounts Receivable Chart

Star Petroleum Refining PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,058.21 8,108.29 12,247.83 11,670.73 16,780.86

Star Petroleum Refining 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16,311.91 11,760.56 13,975.52 16,780.86 17,770.79

Star Petroleum Refining PCL Accounts Receivable Calculation

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


Star Petroleum Refining 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.

Star Petroleum Refining 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
=17770.786/68347.615*91
=23.73

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

Star Petroleum Refining 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)
=(1261.423+0.75 * 17770.786+0.5 * 31140.299-36934.561
-0-5.202)/4335.9
=-1.56

* 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.


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.


Star Petroleum Refining PCL Accounts Receivable Related Terms

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Star Petroleum Refining PCL (BKK:SPRC) Business Description

Traded in Other Exchanges
N/A
Address
No.1, I-3B Road, Tambol Map Ta Phut, Amphur Muang Rayong, Rayong, THA, 21150
Star Petroleum Refining PCL constructs and operates petroleum refining in Thailand. The company produces multiple products related to Liquefied Petroleum Gas and other fuel subsidies. Geographically the majority of its sales are conducted in Thailand. However, the company also produces petroleum products for international markets.