GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Accounts Receivable

Ghitha Holding PJSC (ADX:GHITHA) Accounts Receivable : د.إ785 Mil (As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Ghitha Holding PJSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ghitha Holding PJSC's accounts receivables for the quarter that ended in Sep. 2024 was د.إ785 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ghitha Holding PJSC's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 58.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ghitha Holding PJSC's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was د.إ-9.83.


Ghitha Holding PJSC Accounts Receivable Historical Data

The historical data trend for Ghitha Holding 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.

* Premium members only.

Ghitha Holding PJSC Accounts Receivable Chart

Ghitha Holding PJSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
5.37 5.13 129.34 933.39 874.02

Ghitha Holding PJSC Quarterly Data
Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24
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 1,137.79 1,158.33 874.02 788.33 784.73

Ghitha Holding PJSC Accounts Receivable Calculation

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


Ghitha Holding 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.

Ghitha Holding PJSC's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=784.726/1220.21*91
=58.68

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

Ghitha Holding PJSC's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(676.963+0.75 * 784.726+0.5 * 559.57-2603.609
-0-1316.745)/241.6
=-9.83

* 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.


Ghitha Holding PJSC Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Ghitha Holding PJSC's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Ghitha Holding PJSC Business Description

Traded in Other Exchanges
N/A
Address
Al Faymah Street, PO Box 53314, Business Avenue Tower, Unit 1501, Al Danah, Abu Dhabi, ARE
Ghitha Holding PJSC is engaged in trading, re-packaging, and distribution of food products. Its segments include Consumer goods, Catering, Facility Management Services, Manufacturing, Contracting, and Others. The majority of its revenue is generated from the Consumer goods segment which includes retail and wholesale of traded and manufactured consumer products.

Ghitha Holding PJSC Headlines

No Headlines