Advice IT Infinite PCL (BKK:ADVICE) Accounts Receivable : ฿278 Mil (As of Sep. 2023)

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What is Advice IT Infinite PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Advice IT Infinite PCL's accounts receivables for the quarter that ended in Sep. 2023 was ฿278 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Advice IT Infinite PCL's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 7.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Advice IT Infinite PCL's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ฿-2.14.

Advice IT Infinite PCL Accounts Receivable Historical Data

The historical data trend for Advice IT Infinite PCL'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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Advice IT Infinite PCL Accounts Receivable Chart

Advice IT Infinite PCL Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

187.91

228.93

284.01

Advice IT Infinite PCL Quarterly Data
	Dec21	Sep22	Dec22	Sep23
Accounts Receivable	228.93	-	284.01	278.26

Advice IT Infinite PCL Accounts Receivable Calculation

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

Advice IT Infinite PCL 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.

Advice IT Infinite PCL's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	278.261	/	3586.388	*	91
=	7.08

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

Advice IT Infinite PCL'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)
=	(140.35	+	0.75 * 278.261	+	0.5 * 1349.331	-	2351.423
-	0	-	0)	/	620
=	-2.14

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.

Advice IT Infinite PCL Accounts Receivable Related Terms

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Advice IT Infinite PCL (BKK:ADVICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advice IT Infinite PCL (BKK:ADVICE) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

74/1 Moo 1, Tha It Subdistrict, Pak Kret District, Nonthaburi Province, Nonthaburi, THA

Website

https://www.advice.co.th

Advice IT Infinite PCL is a retailer and wholesaler of IT products in the Thailand. It operates a business of selling, retail-wholesale products and providing IT services. It sells a variety of IT products ranging from computer assembly (DIY), notebook computers, desktop computers and various peripherals such as monitors, printers, mice, keyboards, network equipment. The company has three segments; Retail; Wholesale and services, out of which Retail Segment derives maximum profit.

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