Barka Desalination Co (MUS:BRDE) Accounts Receivable : ر.ع1.47 Mil (As of Dec. 2023)

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What is Barka Desalination Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Barka Desalination Co's accounts receivables for the quarter that ended in Dec. 2023 was ر.ع1.47 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Barka Desalination Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Barka Desalination Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ر.ع-1.10.

Barka Desalination Co Accounts Receivable Historical Data

The historical data trend for Barka Desalination 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.

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Barka Desalination Co Accounts Receivable Chart

Barka Desalination Co Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

2.37

1.44

1.47

Barka Desalination Co Semi-Annual Data
	Dec21	Dec22	Dec23
Accounts Receivable	2.37	1.44	1.47

Barka Desalination Co Accounts Receivable Calculation

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

Barka Desalination 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.

Barka Desalination Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.466	/	19.467	*	91
=	13.74

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

Barka Desalination Co'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)
=	(2.434	+	0.75 * 1.466	+	0.5 * 0	-	86.832
-	0	-	0)	/	75.522
=	-1.10

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.

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Barka Desalination Co (MUS:BRDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Barka Desalination Co (MUS:BRDE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Wilaj Street, Way No 1013 Al Qurm, PO Box 252, Building No 1022, Office No 16, 1st Floor, Bousher, Muscat, OMN, 103

Website

https://www.barkadesalination.com

Barka Desalination Co is engaged in operation of seawater desalination plant in Oman. The objectives of the Company are to acquire, develop, finance, design, construct, operate, maintain a desalination facility at Barka Independent Water Project, a sea water reverse osmosis (SWRO) plant located in Barka, South Batinah Governorate, Sultanate of Oman.

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