Ajial Real Estate & Entertainment Co (KUW:AREEC) Change In Receivables : KWD-0.34 Mil (TTM As of Mar. 2024)

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What is Ajial Real Estate & Entertainment Co Change In Receivables?

Ajial Real Estate & Entertainment Co's change in receivables for the quarter that ended in Mar. 2024 was KWD-0.13 Mil. It means Ajial Real Estate & Entertainment Co's Accounts Receivable increased by KWD0.13 Mil from Dec. 2023 to Mar. 2024 .

Ajial Real Estate & Entertainment Co's change in receivables for the fiscal year that ended in Dec. 2023 was KWD-0.20 Mil. It means Ajial Real Estate & Entertainment Co's Accounts Receivable increased by KWD0.20 Mil from Dec. 2022 to Dec. 2023 .

Ajial Real Estate & Entertainment Co's Accounts Receivable for the quarter that ended in Mar. 2024 was KWD0.41 Mil.

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 Receivable are being managed. Ajial Real Estate & Entertainment Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 19.52.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ajial Real Estate & Entertainment Co's liquidation value for the three months ended in Mar. 2024 was KWD-30.93 Mil.

Ajial Real Estate & Entertainment Co Change In Receivables Historical Data

The historical data trend for Ajial Real Estate & Entertainment Co's Change In Receivables 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 Change In Receivables Chart

Ajial Real Estate & Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.23

0.49

0.60

0.40

-0.20

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
Change In Receivables	Get a 7-Day Free Trial															0.02	-0.21	0.02	-0.02	-0.13

Ajial Real Estate & Entertainment Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-0.34 Mil.

Ajial Real Estate & Entertainment Co (KUW:AREEC) Change In Receivables 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 Receivable 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 liquidation value, Ajial Real Estate & Entertainment Co's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.933	-	38.208	+	0.75 * 0.406	+	0.5 * 0.088
=	-30.93

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

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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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