Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Change In Receivables : د.إ-2.9 Mil (TTM As of Sep. 2023)

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What is Ras Al Khaimah Co for White Cementnstruction Materials Change In Receivables?

Ras Al Khaimah Co for White Cementnstruction Materials's change in receivables for the quarter that ended in Sep. 2023 was د.إ5.6 Mil. It means Ras Al Khaimah Co for White Cementnstruction Materials's Accounts Receivable declined by د.إ5.6 Mil from Jun. 2023 to Sep. 2023 .

Ras Al Khaimah Co for White Cementnstruction Materials's change in receivables for the fiscal year that ended in Dec. 2022 was د.إ-5.1 Mil. It means Ras Al Khaimah Co for White Cementnstruction Materials's Accounts Receivable increased by د.إ5.1 Mil from Dec. 2021 to Dec. 2022 .

Ras Al Khaimah Co for White Cementnstruction Materials's Accounts Receivable for the quarter that ended in Sep. 2023 was د.إ40.8 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. Ras Al Khaimah Co for White Cementnstruction Materials's Days Sales Outstanding for the three months ended in Sep. 2023 was 63.26.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ras Al Khaimah Co for White Cementnstruction Materials's liquidation value for the three months ended in Sep. 2023 was د.إ210.3 Mil.

Ras Al Khaimah Co for White Cementnstruction Materials Change In Receivables Historical Data

The historical data trend for Ras Al Khaimah Co for White Cementnstruction Materials'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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Ras Al Khaimah Co for White Cementnstruction Materials Change In Receivables Chart

Ras Al Khaimah Co for White Cementnstruction Materials Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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16.01

-0.24

-22.31

27.19

-5.13

Ras Al Khaimah Co for White Cementnstruction Materials Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															7.47	-5.04	-17.38	13.98	5.57

Ras Al Khaimah Co for White Cementnstruction Materials 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-2.9 Mil.

Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) 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.

Ras Al Khaimah Co for White Cementnstruction Materials's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.765	/	58.804	*	91
=	63.26

2. In Ben Graham's calculation of liquidation value, Ras Al Khaimah Co for White Cementnstruction Materials's accounts receivable are only considered to be worth 75% of book value:

Ras Al Khaimah Co for White Cementnstruction Materials's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	220.305	-	87.349	+	0.75 * 40.765	+	0.5 * 93.492
=	210.3

Ras Al Khaimah Co for White Cementnstruction Materials Change In Receivables Related Terms

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Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ras Al Khaimah Co for White Cement & Construction Materials (ADX:RAKWCT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 1492, Ras Al Khaimah, ARE

Website

https://www.rakwhitecement.ae

Ras Al Khaimah Co for White Cement & Construction Materials is engaged in the production of cement, building materials, and lime. The principal activities of the company are to manufacture and supply white cement, lime, and cement products. The company operates through two business segments which include Manufacturing and Investments. The manufacturing segment refers to the manufacture and distribution of white cement. The investment segment consists of investments in marketable equity securities and deposits with banks.

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