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FGV Holdings Bhd (XKLS:5222) Accounts Receivable : RM1,173 Mil (As of Dec. 2023)


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What is FGV Holdings Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FGV Holdings Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM1,173 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FGV Holdings Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 19.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FGV Holdings Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM-2.19.


FGV Holdings Bhd Accounts Receivable Historical Data

The historical data trend for FGV Holdings 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.

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FGV Holdings Bhd Accounts Receivable Chart

FGV Holdings Bhd 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 961.94 1,108.59 1,062.00 1,412.93 1,172.73

FGV Holdings Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 1,412.93 1,283.52 1,332.81 1,493.32 1,172.73

FGV Holdings Bhd Accounts Receivable Calculation

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


FGV Holdings 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1172.727/5364.702*91
=19.95

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

FGV Holdings Bhd'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)
=(1581.144+0.75 * 1172.727+0.5 * 1691.998-9700.773
-0-1610.065)/3648.15
=-2.19

* 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.


FGV Holdings Bhd Accounts Receivable Related Terms

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FGV Holdings Bhd (XKLS:5222) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Raja Laut, Level 21, Wisma FGV, Kuala Lumpur, SGR, MYS, 50350
FGV Holdings Bhd operates an agri-business conglomerate and specializes in oil palm plantations and refineries, rubber production, and sugar products. It has four operating segments; Plantation Sector includes cultivation, harvesting, and production of fresh fruit bunches (FFB) and processing of FFB into crude palm oil and palm kernel, refining of CPO, fractionation of refined bleached deodorized palm oil and Palm Olein, fertilizers processing, rubber processing and production, sale of planting materials and security, Sugar Sector includes refining, sales, and marketing of refined sugar and molasses, Logistics and Other sectors include Bulking and transportation facilities and services, engineering services, information technology, and travel, and Corporate HQ, Others, and Elimination.

FGV Holdings Bhd (XKLS:5222) Headlines

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