Chai Choung Jung's comment on PTRB. All Comments
Chai Choung Jung
2 Like · Reply
Will the impairment of receivable capture in the coming QR?
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6 months · translate ·
WM K
do you mind sharing where you read about AR impairment? Would like to read before deciding whether to invest
Like · 6 months · translate
Chai Choung Jung
From trade receivable, as it keep increasing.
Like · 6 months · translate
Keith Sim
Adoi sales increase surely trade receivable increase la.. need to calculate trade receivable turnover baru betul
1 Like · 6 months · translate
Keith Sim
Total sales (latest 4quarter) = 555mil
Average trade receivable (Q3 FY24 + Q3 FY23)/2 = 160mil
Trade receivable turnover = 365days / (555/160) = 105.2days

See annual report 2023 note 9, they already mention credit term 120days. So no issue on trade receivable.. 105.2days is way lower than 120days. Hence no impairment will incurred
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3 Like · 6 months · translate
Chai Choung Jung
Thanks Keith, then should be fine.
Like · 6 months · translate
Andreew
Good fundamental but still zzz
Like · 6 months · translate
Chai Choung Jung
Will wake up soon
1 Like · 6 months · translate