Topmix Bhd (XKLS:0302) Accounts Receivable : RM11.43 Mil (As of Sep. 2023)

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What is Topmix Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Topmix Bhd's accounts receivables for the quarter that ended in Sep. 2023 was RM11.43 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. Topmix Bhd's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was RM0.03.

Topmix Bhd Accounts Receivable Historical Data

The historical data trend for Topmix 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.

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Topmix Bhd Accounts Receivable Chart

Topmix Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

7.91

11.58

12.53

Topmix Bhd Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
Accounts Receivable	7.91	11.58	-	12.53	11.43

Topmix Bhd Accounts Receivable Calculation

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

Topmix 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.

Topmix Bhd's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.43	/	0	*	91
=

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

Topmix Bhd's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(25.445	+	0.75 * 11.43	+	0.5 * 19.219	-	32.173
-	0	-	0)	/	393.856
=	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.

Topmix Bhd Accounts Receivable Related Terms

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Topmix Bhd (XKLS:0302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Topmix Bhd (XKLS:0302) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 & 10, Jalan Bistari 11, Taman Industri Jaya, Skudai, JHR, MYS, 81300

Website

https://www.topmixhpl.com

Topmix Bhd is involved in the marketing and sales of its own brands of surface decorative products. It also undertakes the design of surface decorative products internally as well as in collaboration with third-party decor paper suppliers. The company's surface decorative products mainly comprise HPL products. It also markets and sells compact panels, PVC edging, wall panels, decorative boards, and PVC plywood. Its surface decorative products are used in a variety of commercial and residential interior surface applications, including wall panels, countertops, table tops, furniture as well as fixtures and displays. It also offers consultation and installation works for compact panel products, in selected instances based on the requirements of its customers, comprising interior designers.

Topmix Bhd (XKLS:0302) Headlines

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