DigiAsia (DigiAsia) Accounts Receivable : $0.26 Mil (As of Dec. 2022)

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What is DigiAsia Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. DigiAsia's accounts receivables for the quarter that ended in Dec. 2022 was $0.26 Mil.

Accounts receivable can be measured by Days Sales Outstanding. DigiAsia's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 1.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. DigiAsia's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $0.05.

DigiAsia Accounts Receivable Historical Data

The historical data trend for DigiAsia'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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DigiAsia Accounts Receivable Chart

DigiAsia Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.26

DigiAsia Semi-Annual Data
	Dec21	Dec22	Dec23
Accounts Receivable	0.26	0.26	-

DigiAsia Accounts Receivable Calculation

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

DigiAsia 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.

DigiAsia's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.257	/	42.452	*	91
=	1.10

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

DigiAsia's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(0.524	+	0.75 * 0.257	+	0.5 * 0	-	13.11
-	25.004	-	-40.426)	/	56.05
=	0.05

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.

DigiAsia Accounts Receivable Related Terms

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DigiAsia (DigiAsia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DigiAsia Corp (NAS:FAAS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Raffles Place, No. 28-02, Singapore, SGP, 048616

Website

https://www.digiasia.asia

DigiAsia Bios Pte Ltd operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a leading fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.