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Abu Dhabi Ship Building PJSC (ADX:ADSB) Accounts Receivable : د.إ316.8 Mil (As of Dec. 2022)


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What is Abu Dhabi Ship Building PJSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Abu Dhabi Ship Building PJSC's accounts receivables for the quarter that ended in Dec. 2022 was د.إ316.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Abu Dhabi Ship Building PJSC's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 87.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Abu Dhabi Ship Building PJSC's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was د.إ-3.24.


Abu Dhabi Ship Building PJSC Accounts Receivable Historical Data

The historical data trend for Abu Dhabi Ship Building PJSC'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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Abu Dhabi Ship Building PJSC Accounts Receivable Chart

Abu Dhabi Ship Building PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 338.85 411.86 362.24 188.39 316.81

Abu Dhabi Ship Building PJSC Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
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 338.85 411.86 362.24 188.39 316.81

Abu Dhabi Ship Building PJSC Accounts Receivable Calculation

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


Abu Dhabi Ship Building PJSC 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.

Abu Dhabi Ship Building PJSC's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=316.81/660.204*91
=87.58

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Abu Dhabi Ship Building PJSC's accounts receivable are only considered to be worth 75% of book value:

Abu Dhabi Ship Building PJSC's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(309.84+0.75 * 316.81+0.5 * 25.854-1247.02
-0--0.138)/211.992
=-3.24

* 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.


Abu Dhabi Ship Building PJSC Accounts Receivable Related Terms

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Abu Dhabi Ship Building PJSC (ADX:ADSB) Business Description

Traded in Other Exchanges
N/A
Address
Musafah Industrial Area, P.O. Box 8922, Abu Dhabi, ARE
Abu Dhabi Ship Building PJSC is a shipbuilder and support services contractor locally and internationally. Its operating segments include New Build and Engineering; Small Boats; Military Repairs and Maintenance; Commercial Repairs and Maintenance and Combat System Integration. It generates maximum revenue from the New Build and Engineering services segment. It provides the design, engineering, research and development, construction, commissioning, test and trials, ILS, upgrades, conversions, and consultancy services for military, commercial, and leisure vessels in any construction material.

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