Union Coop (DFM:UNIONCOOP) Accounts Receivable : د.إ12 Mil (As of Dec. 2023)

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What is Union Coop Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Union Coop's accounts receivables for the quarter that ended in Dec. 2023 was د.إ12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Union Coop's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 2.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Union Coop's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was د.إ-0.33.

Union Coop Accounts Receivable Historical Data

The historical data trend for Union Coop'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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Union Coop Accounts Receivable Chart

Union Coop Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

110.75

94.63

23.47

11.71

Union Coop Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			94.63	-	23.47	52.83	11.71

Union Coop Accounts Receivable Calculation

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

Union Coop 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.

Union Coop's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.705	/	858.605	*	91
=	2.49

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

Union Coop'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)
=	(154.668	+	0.75 * 11.705	+	0.5 * 285.42	-	893.597
-	0	-	0)	/	1764.14
=	-0.33

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.

Union Coop Accounts Receivable Related Terms

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Union Coop (DFM:UNIONCOOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Union Coop (DFM:UNIONCOOP) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

The Tripoli Street, Al Warqa - 3, Dubai, ARE

Website

https://corporate.unioncoop.ae/ar/

Union Coop is engaged in establishing and managing hypermarkets in the United Arab Emirates. The company has 26 branches, and owns five shopping centers: Al Warqa City Mall, Etihad Mall, Al Barsha South Mall, Al Barsha South Mall and Nad Al Hamar Mall, and launched a chain of stores under the name of Coop, representing new concepts of shopping, as it includes four outlets in addition to one branch of the Mini Coop chain, and Union Coop is the first consumer cooperative in the Middle East to include the concept of smart shopping.

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