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GDEX Bhd (XKLS:0078) Accounts Receivable : RM53.8 Mil (As of Mar. 2024)


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What is GDEX Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GDEX Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM53.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GDEX Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 49.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GDEX Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM0.01.


GDEX Bhd Accounts Receivable Historical Data

The historical data trend for GDEX Bhd'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.

GDEX Bhd Accounts Receivable Chart

GDEX Bhd Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.01 51.54 72.16 60.17 59.42

GDEX Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Sep21 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 55.37 56.06 57.52 59.42 53.81

GDEX Bhd Accounts Receivable Calculation

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


GDEX Bhd 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.

GDEX Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=53.81/99.422*91
=49.39

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

GDEX Bhd'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)
=(189.836+0.75 * 53.81+0.5 * 3.18-149.461
-0-22.937)/5541.41
=0.01

* 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.


GDEX Bhd Accounts Receivable Related Terms

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GDEX Bhd (XKLS:0078) Business Description

Traded in Other Exchanges
N/A
Address
No. 19, Jalan Tandang, Petaling Jaya, SGR, MYS, 46050
GDEX Bhd mainly engages in the provision of express delivery, logistics, information technology services, and property management. It provides a domestic express carrier, international express carrier, customized logistics solutions, logistics services, enhanced liability coverage, GDEX prepaid, and among others. The group has five business segments Express delivery, Logistics, Property management, Information technology, and Property investment. The majority of the revenue comes from the Express delivery segment. The company's geographical segments include Malaysia, which is the key revenue driver; Singapore; and Vietnam.

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