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Binasat Communications Bhd (XKLS:0195) Accounts Receivable : RM74.2 Mil (As of Sep. 2023)


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What is Binasat Communications Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Binasat Communications Bhd's accounts receivables for the quarter that ended in Sep. 2023 was RM74.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Binasat Communications Bhd's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 317.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Binasat Communications Bhd's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was RM0.08.


Binasat Communications Bhd Accounts Receivable Historical Data

The historical data trend for Binasat Communications Bhd'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.

Binasat Communications Bhd Accounts Receivable Chart

Binasat Communications Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 19.56 20.70 16.25 16.75 27.64

Binasat Communications Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 47.36 59.91 66.66 29.93 74.22

Binasat Communications Bhd Accounts Receivable Calculation

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


Binasat Communications Bhd 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.

Binasat Communications Bhd's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=74.219/21.33*91
=317.51

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

Binasat Communications Bhd'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)
=(34.822+0.75 * 74.219+0.5 * 3.112-53.667
-0-6.408)/388.296
=0.08

* 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.


Binasat Communications Bhd Accounts Receivable Related Terms

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Binasat Communications Bhd (XKLS:0195) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Teknologi 4, Menara Binasat, Lot PT 13824, Technology Park, Bukit Jalil, Kuala Lumpur, SGR, MYS, 57000
Binasat Communications Bhd is engaged in investment holding. The company provides support services for VSAT Network Engineering Services, Mobile Network Engineering Services, Fiber Network Engineering Services, Satellite Hub/Teleport and Digital Satellite News Gathering (DSNG) Services. It has segments are Satellite, mobile and fibre optic telecommunications networks, Power and telecommunication infrastructure works and Investment holding. The company operates in Malaysia.

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