Ajial Real Estate & Entertainment Co (KUW:AREEC) Accounts Receivable : KWD0.41 Mil (As of Mar. 2024)

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What is Ajial Real Estate & Entertainment Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ajial Real Estate & Entertainment Co's accounts receivables for the quarter that ended in Mar. 2024 was KWD0.41 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ajial Real Estate & Entertainment Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 19.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ajial Real Estate & Entertainment Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was KWD-0.15.

Ajial Real Estate & Entertainment Co Accounts Receivable Historical Data

The historical data trend for Ajial Real Estate & Entertainment Co'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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Ajial Real Estate & Entertainment Co Accounts Receivable Chart

Ajial Real Estate & Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.81

1.28

0.58

0.18

0.26

Ajial Real Estate & Entertainment Co 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															0.19	0.39	0.37	0.26	0.41

Ajial Real Estate & Entertainment Co Accounts Receivable Calculation

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

Ajial Real Estate & Entertainment Co 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.

Ajial Real Estate & Entertainment Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.406	/	1.898	*	91
=	19.52

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

Ajial Real Estate & Entertainment Co'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)
=	(6.933	+	0.75 * 0.406	+	0.5 * 0.088	-	38.208
-	0	-	0)	/	209.188
=	-0.15

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.

Ajial Real Estate & Entertainment Co Accounts Receivable Related Terms

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Ajial Real Estate & Entertainment Co (KUW:AREEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ajial Real Estate & Entertainment Co (KUW:AREEC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Al Hamra Tower, 26th Floor, Office No. 2, P.O. Box 22448, Safat, Kuwait City, KWT, 13085

Website

http://www.ajial-realestate.com

Ajial Real Estate & Entertainment Co is a real estate company. Its activities include buying and selling lands, renting and selling of real estate domestically and outside Kuwait, establishing and maintaining residential complexes, the building of commercial markets and entertainment centres, touristic facilities and special accommodations, provide contracting services and trading of building materials. The company's segments include Real estate investing activities that invests and trades in real estate and construction or development of real estate for the sale; and Equities and other investing activities that invest in financial and real estate funds and manages the group's liquidity requirements.

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