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QL Resources Bhd (XKLS:7084) Accounts Receivable : RM553 Mil (As of Dec. 2023)


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What is QL Resources Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. QL Resources Bhd's accounts receivables for the quarter that ended in Dec. 2023 was RM553 Mil.

Accounts receivable can be measured by Days Sales Outstanding. QL Resources Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. QL Resources Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM-0.49.


QL Resources Bhd Accounts Receivable Historical Data

The historical data trend for QL Resources 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.

QL Resources Bhd Accounts Receivable Chart

QL Resources Bhd Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 308.93 358.15 414.34 427.62 462.02

QL Resources 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 456.44 462.02 497.16 504.02 552.70

QL Resources Bhd Accounts Receivable Calculation

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


QL Resources 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.

QL Resources 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
=552.696/1712.192*91
=29.46

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

QL Resources 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)
=(439.609+0.75 * 552.696+0.5 * 1276.304-2429.432
-0-254.738)/2433.66
=-0.49

* 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.


QL Resources Bhd Accounts Receivable Related Terms

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QL Resources Bhd (XKLS:7084) Business Description

Traded in Other Exchanges
N/A
Address
Number 16A, Jalan Astaka U8/83, Bukit Jelutong, Shah Alam, SGR, MYS, 40150
QL Resources Bhd is an agro-food company. The company has the following principal segments; Integrated Livestock Farming, Marine Products Manufacturing, and Palm oil and clean energy and Convenience store chain. It farms and produces resource-efficient protein and food energy sources. The group's business operates in five geographical areas: Malaysia, Indonesia, Vietnam, China, and Singapore. It generates the majority of its revenue from the Integrated Livestock Farming segment.

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