Theeb Car Rental Co (SAU:4261) Change In Receivables : ﷼-78 Mil (TTM As of Mar. 2024)

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What is Theeb Car Rental Co Change In Receivables?

Theeb Car Rental Co's change in receivables for the quarter that ended in Mar. 2024 was ﷼0 Mil. It means Theeb Car Rental Co's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Theeb Car Rental Co's change in receivables for the fiscal year that ended in Dec. 2023 was ﷼-78 Mil. It means Theeb Car Rental Co's Accounts Receivable increased by ﷼78 Mil from Dec. 2022 to Dec. 2023 .

Theeb Car Rental Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ﷼251 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. Theeb Car Rental Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 74.72.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Theeb Car Rental Co's liquidation value for the three months ended in Mar. 2024 was ﷼-1,326 Mil.

Theeb Car Rental Co Change In Receivables Historical Data

The historical data trend for Theeb Car Rental 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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Theeb Car Rental Co Change In Receivables Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-38.89

-49.19

-82.39

-77.95

Theeb Car Rental Co Quarterly Data
	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												-12.79	-34.81	-27.80	-2.55	-

Theeb Car Rental 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 ﷼-78 Mil.

Theeb Car Rental Co (SAU:4261) 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.

Theeb Car Rental 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
=	251.046	/	306.574	*	91
=	74.72

2. In Ben Graham's calculation of liquidation value, Theeb Car Rental Co's accounts receivable are only considered to be worth 75% of book value:

Theeb Car Rental 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)
=	66.894	-	1585.763	+	0.75 * 251.046	+	0.5 * 8.765
=	-1,326

Theeb Car Rental Co Change In Receivables Related Terms

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Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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