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2020-09-04 12:47 | Report Abuse
More than 40% of debtors aging for 2019 are over 120 days.
2020-09-04 12:45 | Report Abuse
Is the debtors aging as above for an IT company normal?
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.
2018-02-14 12:54 | Report Abuse
At this price its a good time to collect and keep some of his stock
Stock: [ARBB]: ARB BERHAD
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.