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Mabanee Co KPSC (KUW:MABANEE) Accounts Receivable : KWD24.9 Mil (As of Mar. 2024)


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What is Mabanee Co KPSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mabanee Co KPSC's accounts receivables for the quarter that ended in Mar. 2024 was KWD24.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mabanee Co KPSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 68.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mabanee Co KPSC's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was KWD-0.43.


Mabanee Co KPSC Accounts Receivable Historical Data

The historical data trend for Mabanee Co KPSC'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.

Mabanee Co KPSC Accounts Receivable Chart

Mabanee Co KPSC 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 7.54 9.69 5.21 5.58 10.66

Mabanee Co KPSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 14.63 12.44 12.80 10.66 24.85

Mabanee Co KPSC Accounts Receivable Calculation

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


Mabanee Co KPSC 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=24.851/33.106*91
=68.50

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

Mabanee Co KPSC'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)
=(196.636+0.75 * 24.851+0.5 * 0-735.916
-0-81.843)/1394.83
=-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.


Mabanee Co KPSC Accounts Receivable Related Terms

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Mabanee Co KPSC (KUW:MABANEE) Business Description

Traded in Other Exchanges
N/A
Address
Al Rai Area, Sheikh Zayed bin Sultan Al Nahyan Road, P.O. Box 5132, The Avenues - 2nd Avenue, Entrance 9, Safat, Kuwait, KWT, 13052
Mabanee Co KPSC is a Kuwait-based company which sells, purchases, develops, and operates real estate properties in Kuwait and abroad, including hotels, guest houses, residential and touristic complexes. The company operates through business segments namely Construction and real estate investment, Financial investments, and Hotel operations. It generates maximum revenue from Construction and real estate investment segment. The Construction and real estate investment segment include real estate development, project leasing and construction activity for self or others.

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