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AGBA Group Holding (FRA:D6D) Accounts Receivable : €2.43 Mil (As of Mar. 2024)


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What is AGBA Group Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AGBA Group Holding's accounts receivables for the quarter that ended in Mar. 2024 was €2.43 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AGBA Group Holding's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 31.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AGBA Group Holding's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-0.67.


AGBA Group Holding Accounts Receivable Historical Data

The historical data trend for AGBA Group Holding'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.

* Premium members only.

AGBA Group Holding Accounts Receivable Chart

AGBA Group Holding Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
2.37 1.02 2.92 3.73

AGBA Group Holding Quarterly Data
Dec20 Mar21 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 3.33 3.72 3.24 3.73 2.43

AGBA Group Holding Accounts Receivable Calculation

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


AGBA Group Holding 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.

AGBA Group Holding's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.431/7.044*91
=31.49

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

AGBA Group Holding'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)
=(1.968+0.75 * 2.431+0.5 * 0-53.703
-0-0)/74.3914
=-0.67

* 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.


AGBA Group Holding Accounts Receivable Related Terms

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AGBA Group Holding (FRA:D6D) Business Description

Traded in Other Exchanges
Address
68 Johnston Road, AGBA Tower, Wan Chai, Hong Kong, HKG
AGBA Group Holding Ltd provides healthcare, wellness, financial advisory, and fintech services. The group is organized into four divisions: Platform, Distribution, Healthcare, and Fintech. The AGBA platform helps individual and corporate customers with better financial, medical, and healthcare service options. The AGBA is a unique omnichannel one-stop financial business solution platform that offers financial services, expands business opportunities, and enhances business productivity to licensed financial advisors, licensed brokers, and licensed financial institutions.

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