SirPhiP

SirPhiP | Joined since 2018-02-14

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2020-09-04 16:59 | Report Abuse

Thanks BabyAce, it looks like ARB has a very long credit term of 210 days for its debtors and you are right, we need to see the following quarters if there are any indication of doubtful debts.

Stock

2020-09-04 12:47 | Report Abuse

More than 40% of debtors aging for 2019 are over 120 days.

Stock

2020-09-04 12:45 | Report Abuse

Is the debtors aging as above for an IT company normal?

Stock

2020-09-04 12:44 | Report Abuse

The ageing analysis of trade receivables at the end of the reporting period is as follows: -
Gross Individual Collective Net
amount impairment impairment amount
RM'000 RM'000 RM'000 RM'000
2019
Not past due 5,886 - - 5,886
Past due 1-30 days 2,644 - - 2,644
Past due 31-120 days 7,996 - - 7,996
Past due 121-210 days 9,328 - - 9,328
Past due more than
210 days 3,882 - - 3,882
Total 29,736 - - 29,736

2018
Not past due 6,569 - - 6,569
Past due 31-120 days 150 - - 150
Total 6,719 - - 6,719
Group
There is no allowance made for impairment losses of trade receivable for the Group during the
financial year.

Stock

2018-02-14 12:54 | Report Abuse

At this price its a good time to collect and keep some of his stock