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Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Accounts Receivable : KWD0.00 Mil (As of Dec. 2023)


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What is Kuwait Reinsurance Co KSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kuwait Reinsurance Co KSC's accounts receivables for the quarter that ended in Dec. 2023 was KWD0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kuwait Reinsurance Co KSC's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kuwait Reinsurance Co KSC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was KWD-0.43.


Kuwait Reinsurance Co KSC Accounts Receivable Historical Data

The historical data trend for Kuwait Reinsurance Co KSC'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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Kuwait Reinsurance Co KSC Accounts Receivable Chart

Kuwait Reinsurance Co KSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.55 33.98 37.15 46.54 -

Kuwait Reinsurance Co KSC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 46.54 59.06 - - -

Kuwait Reinsurance Co KSC Accounts Receivable Calculation

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


Kuwait Reinsurance Co KSC 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.

Kuwait Reinsurance Co KSC's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/8.048*91
=0.00

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

Kuwait Reinsurance Co KSC'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)
=(7.619+0.75 * 0+0.5 * 0-119.134
-0-0)/259.645
=-0.43

* 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.


Kuwait Reinsurance Co KSC Accounts Receivable Related Terms

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Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Business Description

Traded in Other Exchanges
N/A
Address
Al-Shuhada's Street, Kuwait Return Tower- 8, 9, 13 Floors, Al Sharq District, Kuwait, KWT
Kuwait Reinsurance Co KSC operates as a reinsurance company. It provides traditional and tailored reinsurance solutions to its customers in the energy sector in Kuwait. The company provides tailored risk solutions for a variety of industries. Their operating segments include Fire, General Accident, Marine, Energy, Aviation, and life. The majority of the revenue is derived from its fire insurance business. The company's activities are spread across Kuwait, the Middle East, and North Africa.

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