GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Global Financial Investments Holding SAOG (MUS:GFIC) » Definitions » Accounts Receivable

Global Financial Investments HoldingOG (MUS:GFIC) Accounts Receivable : ر.ع6.59 Mil (As of Dec. 2023)


View and export this data going back to 2002. Start your Free Trial

What is Global Financial Investments HoldingOG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Global Financial Investments HoldingOG's accounts receivables for the quarter that ended in Dec. 2023 was ر.ع6.59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Global Financial Investments HoldingOG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 97.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Global Financial Investments HoldingOG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ر.ع-0.11.


Global Financial Investments HoldingOG Accounts Receivable Historical Data

The historical data trend for Global Financial Investments HoldingOG'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.

Global Financial Investments HoldingOG Accounts Receivable Chart

Global Financial Investments HoldingOG 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 4.36 4.71 1.24 7.70 6.59

Global Financial Investments HoldingOG Quarterly Data
Sep18 Dec18 Jun19 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 7.70 5.59 5.61 10.41 6.59

Global Financial Investments HoldingOG Accounts Receivable Calculation

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


Global Financial Investments HoldingOG 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.

Global Financial Investments HoldingOG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=6.593/6.142*91
=97.95

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

Global Financial Investments HoldingOG'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)
=(17.274+0.75 * 6.593+0.5 * 0.059-29.823
-0-13.931)/200.000
=-0.11

* 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.


Global Financial Investments HoldingOG Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Global Financial Investments HoldingOG's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Global Financial Investments HoldingOG Business Description

Traded in Other Exchanges
N/A
Address
P.O Box 978, Muscat, OMN, 113
Global Financial Investments Holding SAOG through its subsidiaries is engaged in brokerage, investment consultancy services, educational and training services, logistic services, leasing and financing services, manufacturing of aluminum products, and production and manufacturing of industrial gas. Its principal activity includes Brokerage and Investment, Educational and Training, and the majority of its revenue is derived from Educational and Training. Its group operates in two principal geographical areas the Sultanate of Oman and the United Arab Emirates out of which the Sultanate of Oman contributes the majority of total revenue.

Global Financial Investments HoldingOG Headlines

No Headlines