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Econ Healthcare (Asia) (SGX:EHG) Accounts Receivable : S$5.76 Mil (As of Sep. 2023)


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What is Econ Healthcare (Asia) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Econ Healthcare (Asia)'s accounts receivables for the quarter that ended in Sep. 2023 was S$5.76 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Econ Healthcare (Asia)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 was 42.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Econ Healthcare (Asia)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was S$-0.11.


Econ Healthcare (Asia) Accounts Receivable Historical Data

The historical data trend for Econ Healthcare (Asia)'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.

Econ Healthcare (Asia) Accounts Receivable Chart

Econ Healthcare (Asia) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial 4.34 5.34 3.35 5.55 6.29

Econ Healthcare (Asia) Semi-Annual Data
Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 3.22 5.55 4.59 6.29 5.76

Econ Healthcare (Asia) Accounts Receivable Calculation

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


Econ Healthcare (Asia) 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.

Econ Healthcare (Asia)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=5.756/24.823*91
=42.32

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

Econ Healthcare (Asia)'s Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(23.847+0.75 * 5.756+0.5 * 0.007-57.205
-0--0.284)/257
=-0.11

* 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.


Econ Healthcare (Asia) Accounts Receivable Related Terms

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Econ Healthcare (Asia) (SGX:EHG) Business Description

Traded in Other Exchanges
N/A
Address
160 Changi Road, No. 05-01-13, Hexacube, Singapore, SGP, 419728
Econ Healthcare (Asia) Ltd is a private nursing home operator in Singapore and Malaysia. The operating business segments are Medicare Centres and Nursing Homes and Other Operations and Ancillary Services. The company derives maximum revenue from the provision of medicare centres and the nursing home segment. Geographically it derives a majority of its revenue from Singapore.

Econ Healthcare (Asia) (SGX:EHG) Headlines

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