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QAF (SGX:Q01) Accounts Receivable : S$93.7 Mil (As of Dec. 2023)


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What is QAF Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. QAF's accounts receivables for the quarter that ended in Dec. 2023 was S$93.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. QAF's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 52.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. QAF's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$0.22.


QAF Accounts Receivable Historical Data

The historical data trend for QAF'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.

QAF Accounts Receivable Chart

QAF 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 106.85 77.54 79.45 78.51 93.68

QAF Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 79.45 71.49 78.51 83.78 93.68

QAF Accounts Receivable Calculation

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


QAF 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.

QAF's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=93.681/326.965*91
=52.29

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

QAF'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)
=(215.677+0.75 * 93.681+0.5 * 49.098-180.678
-0-1.631)/575.268
=0.22

* 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.


QAF Accounts Receivable Related Terms

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QAF (SGX:Q01) Business Description

Traded in Other Exchanges
N/A
Address
150 South Bridge Road, No. 09-03 Fook Hai Building, Singapore, SGP, 058727
QAF Ltd is a Singapore-based company engaged in the manufacturing and distribution of packaged loaf bread, pastries, and bakery products in Singapore, Malaysia, the Philippines, Australia, and other countries. It operates in four segments Bakery, which manufactures and distributes bread, confectionery, and bakery products, Distribution & warehousing segment includes trading and distribution of food and beverage products and provision for warehousing logistics for food items, Primary production include production, processing, and marketing of meat feed milling and sale of animal feeds and related ingredients and Investments & others. Geographically, it generates the majority of its revenue from Bakery and Geographic revenue from the Philippines.

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