QTCG PCL (BKK:QTCG) Accounts Receivable : ฿140.6 Mil (As of Dec. 2022)

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What is QTCG PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. QTCG PCL's accounts receivables for the quarter that ended in Dec. 2022 was ฿140.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. QTCG PCL's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was ฿-0.79.

QTCG PCL Accounts Receivable Historical Data

The historical data trend for QTCG 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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QTCG PCL Accounts Receivable Chart

QTCG PCL Annual Data

Trend

Dec22

Dec23

Accounts Receivable

140.62

110.01

QTCG PCL Quarterly Data
	Dec22	Dec23
Accounts Receivable	140.62	110.01

QTCG PCL Accounts Receivable Calculation

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

QTCG 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.

QTCG PCL's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	140.62	/	0	*	91
=

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

QTCG PCL's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(35.132	+	0.75 * 140.62	+	0.5 * 31.272	-	630.319
-	0	-	1.033)	/	600.000
=	-0.79

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.

QTCG PCL Accounts Receivable Related Terms

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QTCG PCL (BKK:QTCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » QTCG PCL (BKK:QTCG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42 Soi Ramkhamhaeng 187, Intersection 2, Minburi Subdistrict, Minburi District, Bangkok, THA, 10510

Website

https://www.qtcg.co.th

QTCG PCL is engaged in contracting and installation services for systems engineering. Its services consists of electrical communication systems, air conditioning and ventilation systems. Sanitary system and conducts business related to asset management from purchasing or receiving transfer of debtors from financial institutions, including primary insurance of debtors. The company as two segments Construction segment and asset management segment. Key revenue is generated from Construction segment.

QTCG PCL (BKK:QTCG) Headlines

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