AGV Group (SGX:1A4) Accounts Receivable : S$2.90 Mil (As of Jun. 2021)

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What is AGV Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AGV Group's accounts receivables for the quarter that ended in Jun. 2021 was S$2.90 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AGV Group's Days Sales Outstanding for the quarter that ended in Jun. 2021 was 71.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AGV Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was S$-0.01.

AGV Group Accounts Receivable Historical Data

The historical data trend for AGV Group'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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AGV Group Accounts Receivable Chart

AGV Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Accounts Receivable

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6.03

5.18

0.52

2.41

1.62

AGV Group Quarterly Data
	Sep13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21
Accounts Receivable	Get a 7-Day Free Trial												4.29	-	1.62	2.80	2.90

AGV Group Accounts Receivable Calculation

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

AGV Group 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.

AGV Group's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.902	/	3.725	*	91
=	71.09

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

AGV Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 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)
=	(1.021	+	0.75 * 2.902	+	0.5 * 3.145	-	18.383
-	0	-	-3.759)	/	998.017
=	-0.01

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.

AGV Group Accounts Receivable Related Terms

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AGV Group (SGX:1A4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AGV Group Ltd (SGX:1A4) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Benoi Road, Singapore, SGP, 629892

Website

http://www.agvgroup.com.sg

AGV Group Ltd is an investment holding company, which engages in galvanizing business. It offers hot-dip galvanized services to the steel and iron fabrication industries in Singapore. It supports a range of customers in the field of the public sector and transport sectors. The company also engages in consultation and contract works relating to galvanization. The group operates in two geographical areas, being Singapore and Malaysia. Majority of the firm's revenue gets derived from Singapore.

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