Parkin Co (DFM:PARKIN) Accounts Receivable : د.إ228.7 Mil (As of Mar. 2024)

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What is Parkin Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Parkin Co's accounts receivables for the quarter that ended in Mar. 2024 was د.إ228.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Parkin Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 96.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Parkin Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was د.إ-0.47.

Parkin Co Accounts Receivable Historical Data

The historical data trend for Parkin Co'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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Parkin Co Accounts Receivable Chart

Parkin Co Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

262.14

218.41

176.35

Parkin Co Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Accounts Receivable	262.14	218.41	-	176.35	228.72

Parkin Co Accounts Receivable Calculation

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

Parkin Co 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.

Parkin Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	228.718	/	215.277	*	91
=	96.95

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

Parkin Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(102.862	+	0.75 * 228.718	+	0.5 * 0	-	1695.676
-	0	-	0)	/	3000
=	-0.47

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.

Parkin Co Accounts Receivable Related Terms

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Parkin Co (DFM:PARKIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Parkin Co (DFM:PARKIN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE

Website

https://www.parkin.ae

Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

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