PT Maja Agung Latexindo Tbk (ISX:SURI) Accounts Receivable : Rp56,171 Mil (As of Mar. 2024)

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What is PT Maja Agung Latexindo Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Maja Agung Latexindo Tbk's accounts receivables for the quarter that ended in Mar. 2024 was Rp56,171 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Maja Agung Latexindo Tbk's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 191.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Maja Agung Latexindo Tbk's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was Rp1.43.

PT Maja Agung Latexindo Tbk Accounts Receivable Historical Data

The historical data trend for PT Maja Agung Latexindo Tbk'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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PT Maja Agung Latexindo Tbk Accounts Receivable Chart

PT Maja Agung Latexindo Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

61,450.12

69,955.95

24,889.33

44,687.39

PT Maja Agung Latexindo Tbk Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			69,955.95	24,889.33	-	44,687.39	56,170.89

PT Maja Agung Latexindo Tbk Accounts Receivable Calculation

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

PT Maja Agung Latexindo Tbk 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.

PT Maja Agung Latexindo Tbk's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56170.888	/	26798.366	*	91
=	191.27

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

PT Maja Agung Latexindo Tbk'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)
=	(558.356	+	0.75 * 56170.888	+	0.5 * 56767.465	-	62026.553
-	0	-	0)	/	6334.38
=	1.43

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.

PT Maja Agung Latexindo Tbk Accounts Receivable Related Terms

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PT Maja Agung Latexindo Tbk (ISX:SURI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » PT Maja Agung Latexindo Tbk (ISX:SURI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Utama No 98, Desa Pujimulyo, Kecamatan Sunggal, Kabupaten Deli Serdang, Sumatera Utara, IDN, 20352

Website

https://www.malgloves.com

PT Maja Agung Latexindo Tbk is engaged in the filed of manufacturing, especially producing medical gloves. The business activities of the company is to engage in rubber goods industry to support health needs, including contraceptive covers, pacifiers, compression devices, medical gloves and urinary catheters.