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Thai Steel Cable PCL (BKK:TSC) Accounts Receivable : ฿483 Mil (As of Mar. 2024)


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What is Thai Steel Cable PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Thai Steel Cable PCL's accounts receivables for the quarter that ended in Mar. 2024 was ฿483 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Thai Steel Cable PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 61.77.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Thai Steel Cable PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿0.80.


Thai Steel Cable PCL Accounts Receivable Historical Data

The historical data trend for Thai Steel Cable 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.

* Premium members only.

Thai Steel Cable PCL Accounts Receivable Chart

Thai Steel Cable PCL Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 477.93 376.88 421.53 549.12 534.58

Thai Steel Cable PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 559.29 474.85 534.58 478.57 482.80

Thai Steel Cable PCL Accounts Receivable Calculation

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


Thai Steel Cable 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.

Thai Steel Cable PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=482.799/713.176*91
=61.77

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

Thai Steel Cable PCL's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(392.71+0.75 * 482.799+0.5 * 193.862-644.628
-0-0)/259.8
=0.80

* 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.


Thai Steel Cable PCL Accounts Receivable Related Terms

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Thai Steel Cable PCL (BKK:TSC) Business Description

Traded in Other Exchanges
N/A
Address
700/737, Moo. 1, Tambol Panthong, Amphur Panthong, Chonburi, THA, 20160
Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.

Thai Steel Cable PCL (BKK:TSC) Headlines

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