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Al Enmaa Real Estate Co (KUW:ERESCO) Accounts Receivable : KWD4.39 Mil (As of Oct. 2024)


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What is Al Enmaa Real Estate Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Al Enmaa Real Estate Co's accounts receivables for the quarter that ended in Oct. 2024 was KWD4.39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Al Enmaa Real Estate Co's Days Sales Outstanding for the quarter that ended in Oct. 2024 was 225.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Al Enmaa Real Estate Co's Net-Net Working Capital per share for the quarter that ended in Oct. 2024 was KWD0.01.


Al Enmaa Real Estate Co Accounts Receivable Historical Data

The historical data trend for Al Enmaa Real Estate 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.

* Premium members only.

Al Enmaa Real Estate Co Accounts Receivable Chart

Al Enmaa Real Estate Co Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.76 3.84 3.06 2.45 4.39

Al Enmaa Real Estate Co Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 Premium Member Only 2.45 6.13 6.94 5.71 4.39

Al Enmaa Real Estate Co Accounts Receivable Calculation

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


Al Enmaa Real Estate 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.

Al Enmaa Real Estate Co's Days Sales Outstanding for the quarter that ended in Oct. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.386/1.774*91
=225.60

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

Al Enmaa Real Estate Co's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=(14.951+0.75 * 4.386+0.5 * 0-12.726
-0-0)/450.535
=0.01

* 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.


Al Enmaa Real Estate Co Accounts Receivable Related Terms

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Al Enmaa Real Estate Co Business Description

Traded in Other Exchanges
N/A
Address
Al-Enmaa Tower, Abdullah Al-Mubarak Street, P.O. Box 24544, 1st, 2nd and Mezzanine Floors, Opposite Scientific Museum, Mirqab, Kuwait, KWT, 13160
Al Enmaa Real Estate Co is a real estate development and investment company. It is organized into the following operating segments namely Construction, Services Rendered, Real Estate, and Investments. The Services Rendered segment undertakes contracts to construct buildings and maintenance of mechanical and electrical spare parts and building materials. It generates maximum revenue from the Services Rendered segment.

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