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Kossan Rubber Industries Bhd (XKLS:7153) Accounts Receivable : RM284 Mil (As of Mar. 2024)


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What is Kossan Rubber Industries Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kossan Rubber Industries Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM284 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kossan Rubber Industries Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 57.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kossan Rubber Industries Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM0.81.


Kossan Rubber Industries Bhd Accounts Receivable Historical Data

The historical data trend for Kossan Rubber Industries 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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Kossan Rubber Industries Bhd Accounts Receivable Chart

Kossan Rubber Industries 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 396.00 600.58 542.38 264.85 237.69

Kossan Rubber Industries 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 219.41 216.42 238.04 237.69 284.20

Kossan Rubber Industries Bhd Accounts Receivable Calculation

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


Kossan Rubber Industries 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.

Kossan Rubber Industries 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
=284.204/451.625*91
=57.42

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

Kossan Rubber Industries 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)
=(2091.138+0.75 * 284.204+0.5 * 220.045-321.808
-0-27.612)/2551.62
=0.81

* 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.


Kossan Rubber Industries Bhd Accounts Receivable Related Terms

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Kossan Rubber Industries Bhd (XKLS:7153) Business Description

Traded in Other Exchanges
N/A
Address
Lot 782, Jalan Sungai Putus, Wisma Kossan, Off Batu 3 ¾ Jalan Kapar, Klang, SGR, MYS, 42100
Kossan Rubber Industries Bhd manufactures industrial rubber products and disposable latex gloves. The firm has three primary businesses: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The Gloves segment generates the majority of revenue. The Technical Rubber Products business manufactures and distributes high technical input rubber products. The Gloves business manufactures medical-grade examination gloves and specialty gloves for healthcare and industrial applications. The Cleanroom Products business sells rubber products that can be used in cleanrooms. The majority of Kossan Rubber's revenue is generated through exports outside of Malaysia.

Kossan Rubber Industries Bhd (XKLS:7153) Headlines

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