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IFA Hotels & Resorts Co KSCC (KUW:IFAHR) Accounts Receivable : KWD16.78 Mil (As of Mar. 2024)


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What is IFA Hotels & Resorts Co KSCC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. IFA Hotels & Resorts Co KSCC's accounts receivables for the quarter that ended in Mar. 2024 was KWD16.78 Mil.

Accounts receivable can be measured by Days Sales Outstanding. IFA Hotels & Resorts Co KSCC's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 147.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. IFA Hotels & Resorts Co KSCC's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was KWD-0.90.


IFA Hotels & Resorts Co KSCC Accounts Receivable Historical Data

The historical data trend for IFA Hotels & Resorts Co KSCC'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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IFA Hotels & Resorts Co KSCC Accounts Receivable Chart

IFA Hotels & Resorts Co KSCC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.35 - 24.08 15.09 16.46

IFA Hotels & Resorts Co KSCC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.89 12.95 15.07 16.46 16.78

IFA Hotels & Resorts Co KSCC Accounts Receivable Calculation

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


IFA Hotels & Resorts Co KSCC 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.

IFA Hotels & Resorts Co KSCC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=16.781/10.414*91
=147.04

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

IFA Hotels & Resorts Co KSCC'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)
=(8.159+0.75 * 16.781+0.5 * 7.427-153.575
-0-35.477)/183.325
=-0.90

* 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.


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.


IFA Hotels & Resorts Co KSCC Accounts Receivable Related Terms

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IFA Hotels & Resorts Co KSCC (KUW:IFAHR) Business Description

Traded in Other Exchanges
N/A
Address
Souk Al-Kuwait Building, Block A, P.O. Box 4694, 8th Floor, Al Abdul Razzak Square, Safat, Kuwait City, KWT, 13047
IFA Hotels & Resorts Co KSCC is engaged in the development and operations of mixed-use hotel and tourism resort projects and luxury leisure services. In addition, it invests in the land; and engages in property development activities. The company operates in four reportable segments namely property development, hoteliering, investments, and others. The majority of the revenue is generated from the property development segment. Its geographical segments include Kuwait, United Arab Emirates & Asia, Africa, and others, of which majority revenue comes from the United Arab Emirates & Asia.

IFA Hotels & Resorts Co KSCC (KUW:IFAHR) Headlines

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