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Dhofar Insurance CoOG (MUS:DICS) Accounts Receivable : ر.ع21.13 Mil (As of Sep. 2022)


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What is Dhofar Insurance CoOG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dhofar Insurance CoOG's accounts receivables for the quarter that ended in Sep. 2022 was ر.ع21.13 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dhofar Insurance CoOG's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 217.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dhofar Insurance CoOG's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was ر.ع-0.90.


Dhofar Insurance CoOG Accounts Receivable Historical Data

The historical data trend for Dhofar Insurance CoOG'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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Dhofar Insurance CoOG Accounts Receivable Chart

Dhofar Insurance CoOG Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.62 8.07 8.42 10.35 16.97

Dhofar Insurance CoOG Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 18.12 16.97 23.48 19.68 21.13

Dhofar Insurance CoOG Accounts Receivable Calculation

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


Dhofar Insurance CoOG 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.

Dhofar Insurance CoOG's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=21.132/8.852*91
=217.84

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Dhofar Insurance CoOG's accounts receivable are only considered to be worth 75% of book value:

Dhofar Insurance CoOG's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=(12.833+0.75 * 21.132+0.5 * 0-122.629
-0-0)/104.762
=-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.


Dhofar Insurance CoOG Accounts Receivable Related Terms

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Dhofar Insurance CoOG (MUS:DICS) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 1002, Ruwi, OMN, 112
Dhofar Insurance Co SAOG operates in the insurance industry. The company's principal activity is undertaking the business of insurance and reinsurance (general and life) in the Sultanate of Oman. It has aggregated its operations into two reportable segments - General Insurance and Life Insurance. General Insurance business includes insurance and reinsurance of a motor; fire and general accident; and marine cargo and hull. The Life Insurance business relates to insuring the life of an individual. The majority of revenue is generated from the General insurance segment.

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