ADNOC Logistics & Services (ADX:ADNOCLS) Accounts Receivable : د.إ374 Mil (As of Dec. 2023)

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What is ADNOC Logistics & Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ADNOC Logistics & Services's accounts receivables for the quarter that ended in Dec. 2023 was د.إ374 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ADNOC Logistics & Services's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 6.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ADNOC Logistics & Services's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was د.إ-0.49.

ADNOC Logistics & Services Accounts Receivable Historical Data

The historical data trend for ADNOC Logistics & Services'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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ADNOC Logistics & Services Accounts Receivable Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

89.39

429.00

374.46

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
Accounts Receivable	89.39	429.00	374.46

ADNOC Logistics & Services Accounts Receivable Calculation

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

ADNOC Logistics & Services 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.

ADNOC Logistics & Services's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	374.456	/	10119.786	*	91
=	6.75

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

ADNOC Logistics & Services's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(792.308	+	0.75 * 374.456	+	0.5 * 443.41	-	4920.722
-	0	-	0)	/	7398.5
=	-0.49

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.

ADNOC Logistics & Services Accounts Receivable Related Terms

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ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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