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Majan College (University College)OG (MUS:BACS) Accounts Receivable : ر.ع0.46 Mil (As of Aug. 2023)


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What is Majan College (University College)OG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Majan College (University College)OG's accounts receivables for the quarter that ended in Aug. 2023 was ر.ع0.46 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Majan College (University College)OG's Days Sales Outstanding for the quarter that ended in Aug. 2023 was 22.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Majan College (University College)OG's Net-Net Working Capital per share for the quarter that ended in Aug. 2023 was ر.ع0.09.


Majan College (University College)OG Accounts Receivable Historical Data

The historical data trend for Majan College (University College)OG'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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Majan College (University College)OG Accounts Receivable Chart

Majan College (University College)OG Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 1.81 0.56 0.44 0.46

Majan College (University College)OG Semi-Annual Data
Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
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 1.85 1.81 0.56 0.44 0.46

Majan College (University College)OG Accounts Receivable Calculation

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


Majan College (University College)OG 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.

Majan College (University College)OG's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.463/3.831*91
=22.06

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

Majan College (University College)OG's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=(9.712+0.75 * 0.463+0.5 * 0-1.592
-0-0)/90.675
=0.09

* 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.


Majan College (University College)OG Accounts Receivable Related Terms

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Majan College (University College)OG (MUS:BACS) Business Description

Traded in Other Exchanges
N/A
Address
Building No 1986, Way No. 2621, P.O Box: 710, Ruwi, Mutrah, Muscat, OMN, 112
Majan College (University College) SAOG engages in the fields of management sciences, and scientific research, and provides education to students in the Sultanate of Oman. The company offers programs at both undergraduate and postgraduate levels. Majan College (University College) SAOG provides its undergraduate programs in Business Administration with several pathways like Finance, Accounting, Banking and Finance, Computer and Internet Applications, Networking, Computing with 3 pathways, and English Language. The Master's programs offered include Business Administration, Computer Sciences, and International Human Resources Management.

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