Ranhill Utilities Bhd (XKLS:5272) Accounts Receivable : RM471 Mil (As of Mar. 2024)

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What is Ranhill Utilities Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ranhill Utilities Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM471 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ranhill Utilities Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 76.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ranhill Utilities Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM-1.88.

Ranhill Utilities Bhd Accounts Receivable Historical Data

The historical data trend for Ranhill Utilities 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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Ranhill Utilities Bhd Accounts Receivable Chart

Ranhill Utilities Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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211.39

208.60

224.93

230.41

275.87

Ranhill Utilities 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															492.17	408.58	478.48	275.87	471.07

Ranhill Utilities Bhd Accounts Receivable Calculation

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

Ranhill Utilities 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.

Ranhill Utilities 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
=	471.073	/	562.353	*	91
=	76.44

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

Ranhill Utilities 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)
=	(278.221	+	0.75 * 471.073	+	0.5 * 142.287	-	2887.078
-	0	-	237.229)	/	1288.64
=	-1.88

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.

Ranhill Utilities Bhd Accounts Receivable Related Terms

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Ranhill Utilities Bhd (XKLS:5272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ranhill Utilities Bhd (XKLS:5272) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Jalan Garuda, Larkin, Bangunan Ranhill SAJ, Johor Darul Takzim, Johor Bahru, MYS, 80350

Website

https://www.ranhill.com.my

Ranhill Utilities Bhd is engaged in investment holding business. Its services include the provision of water supply services by source-to-tap water in Johor, Water and wastewater treatment offering water and industrial wastewater treatment technologies, and Non-Revenue Water management and reduction programmes. The company's segments are Environment sector which offers water supply services, specialized services in the management and optimisation of water utility assets, and operation of water and wastewater treatment plants; Power sector in which the group owns and operates two combined cycle gas turbine power plants in Sabah, Malaysia; and Other segment covering management services to subsidiaries. It operates in Malaysia and Thailand, and earns key revenue from the Environment segment.

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