Infinity Logistics And Transport Ventures (HKSE:01442) Accounts Receivable : HK$119.2 Mil (As of Dec. 2023)

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What is Infinity Logistics And Transport Ventures Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Infinity Logistics And Transport Ventures's accounts receivables for the quarter that ended in Dec. 2023 was HK$119.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Infinity Logistics And Transport Ventures's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 68.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Infinity Logistics And Transport Ventures's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.17.

Infinity Logistics And Transport Ventures Accounts Receivable Historical Data

The historical data trend for Infinity Logistics And Transport Ventures'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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Infinity Logistics And Transport Ventures Accounts Receivable Chart

Infinity Logistics And Transport Ventures Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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79.67

88.60

108.55

122.86

119.22

Infinity Logistics And Transport Ventures Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									108.55	146.81	122.86	124.59	119.22

Infinity Logistics And Transport Ventures Accounts Receivable Calculation

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

Infinity Logistics And Transport Ventures 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.

Infinity Logistics And Transport Ventures's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	119.219	/	317.221	*	91
=	68.59

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Infinity Logistics And Transport Ventures's accounts receivable are only considered to be worth 75% of book value:

Infinity Logistics And Transport Ventures'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)
=	(85.121	+	0.75 * 119.219	+	0.5 * 42.605	-	527.322
-	0	-	9.079)	/	2064
=	-0.17

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.

Infinity Logistics And Transport Ventures Accounts Receivable Related Terms

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Infinity Logistics And Transport Ventures (HKSE:01442) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Infinity Logistics And Transport Ventures Ltd (HKSE:01442) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Kasuarina 8, Infinity House, Bandar Botanic, Klang, Klang, SGR, MYS, 41200

Website

https://www.infinity.com.my

Infinity Logistics And Transport Ventures Ltd is an investment holding company. It operates in three segments: Integrated freight forwarding services segment, which provides non-vessel operating common carriers (NVOCC) and freight forwarding services; Logistics center and related services segment provides warehousing and container depot services; Land transportation services segment provides land transportation services; Flexitank solution & related services segment provides flexitank solution and related services; and Fourth-party Logistics (4PL) services. The company's geographical segments include China, Indonesia, Malaysia, Netherlands, Singapore, South Korea, Thailand, Vietnam, and Others, of which maximum revenue comes from Malaysia.

Executives

2926 Holdings Limited	2103 Interests held jointly with another person
Chan Kong Yew
Kwan Siew Deeg
Lo Shing Ping
Tan Jyh Yaong

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