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Negri Sembilan Oil Palms Bhd (XKLS:2038) Accounts Receivable : RM6.17 Mil (As of Mar. 2024)


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What is Negri Sembilan Oil Palms Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Negri Sembilan Oil Palms Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM6.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Negri Sembilan Oil Palms Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 28.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Negri Sembilan Oil Palms Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM-0.51.


Negri Sembilan Oil Palms Bhd Accounts Receivable Historical Data

The historical data trend for Negri Sembilan Oil Palms 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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Negri Sembilan Oil Palms Bhd Accounts Receivable Chart

Negri Sembilan Oil Palms Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.73 5.71 6.69 5.12 4.89

Negri Sembilan Oil Palms Bhd 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 6.08 6.67 8.19 4.89 6.17

Negri Sembilan Oil Palms Bhd Accounts Receivable Calculation

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


Negri Sembilan Oil Palms 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.

Negri Sembilan Oil Palms 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
=6.165/19.812*91
=28.39

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

Negri Sembilan Oil Palms 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)
=(165.11+0.75 * 6.165+0.5 * 8.196-88.026
-0-121.881)/70.202
=-0.51

* 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.


Negri Sembilan Oil Palms Bhd Accounts Receivable Related Terms

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Negri Sembilan Oil Palms Bhd (XKLS:2038) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Stesen Sentral 5, Suite 2B-3A-2, Block 2B Level 3A, Plaza Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470
Negri Sembilan Oil Palms Bhd is an investment holding company, which engages in the cultivation of oil palms in Malaysia. The firm is also involved in the cultivation of oil palms, and the production and sale of fresh fruit bunches, crude palm oil, and palm kernel. The single reportable segment of the Group relates to the cultivation of oil palms, production and sale of FFB, CPO and PK and are wholly carried out in Peninsular Malaysia.

Negri Sembilan Oil Palms Bhd (XKLS:2038) Headlines

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