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Apex Investment PSC (ADX:APEX) Accounts Receivable : د.إ168.7 Mil (As of Dec. 2024)


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What is Apex Investment PSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Apex Investment PSC's accounts receivables for the quarter that ended in Dec. 2024 was د.إ168.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Apex Investment PSC's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 36.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Apex Investment PSC's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was د.إ0.31.


Apex Investment PSC Accounts Receivable Historical Data

The historical data trend for Apex Investment PSC'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.

* Premium members only.

Apex Investment PSC Accounts Receivable Chart

Apex Investment PSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.10 45.10 619.84 216.97 168.66

Apex Investment PSC Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
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 Premium Member Only Premium Member Only 49.10 45.10 619.84 216.97 168.66

Apex Investment PSC Accounts Receivable Calculation

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


Apex Investment PSC 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.

Apex Investment PSC's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=168.657/852.85*91
=36.09

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

Apex Investment PSC's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 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)
=(1187.124+0.75 * 168.657+0.5 * 59.831-230.061
-0-0)/3553.195
=0.31

* 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.


Apex Investment PSC Accounts Receivable Related Terms

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Apex Investment PSC Business Description

Traded in Other Exchanges
N/A
Address
Al Wahda Commercial Tower, Office No. 501, PO Box. 30688, Abu Dhabi, ARE
Apex Investment PSC formerly Ras Al Khaimah Cement Co operates in the cement industry. The company is mainly engaged in the producing and marketing of portland cement. The company caters to both the UAE market and the foreign market.