Sheng Siong Group (SGX:OV8) Accounts Receivable : S$13 Mil (As of Dec. 2023)

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What is Sheng Siong Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sheng Siong Group's accounts receivables for the quarter that ended in Dec. 2023 was S$13 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sheng Siong Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 3.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sheng Siong Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$0.03.

Sheng Siong Group Accounts Receivable Historical Data

The historical data trend for Sheng Siong Group'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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Sheng Siong Group Accounts Receivable Chart

Sheng Siong Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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5.80

10.42

7.47

9.99

12.82

Sheng Siong Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															7.47	9.38	9.99	14.79	12.82

Sheng Siong Group Accounts Receivable Calculation

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

Sheng Siong Group 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.

Sheng Siong Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.823	/	677.24	*	91
=	3.46

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

Sheng Siong Group'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)
=	(324.401	+	0.75 * 12.823	+	0.5 * 91.802	-	333.215
-	0	-	3.203)	/	1503.54
=	0.03

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.

Sheng Siong Group Accounts Receivable Related Terms

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Sheng Siong Group (SGX:OV8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Sheng Siong Group Ltd (SGX:OV8) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Mandai Link, Singapore, SGP, 728652

Website

https://www.shengsiong.com.sg

Sheng Siong Group Ltd is a Singapore-based company that is principally engaged in the retail business. The company operates through the Sheng Siong Groceries chain, with stores located across Singapore. The company offers "wet and dry" merchandise, including fresh and chilled goods (such as seafood, meat, and vegetables), processed, frozen, and preserved food products; and general merchandise (like toiletries and essential household products). The company has its own distribution network, food-processing facilities, and warehousing facilities. The Group operates in one segment which relates to the provision of supermarket supplies and supermarket operations. The Group's operations are mainly located in Singapore.

Sheng Siong Group (SGX:OV8) Headlines

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